Asset Manager

Updated:

Forum Health

Phil Hagerman's Forum Health operates 25+ integrative medicine clinics with 90+ providers, combining care with its own pharmacy and supplement lines.

Forum Health

Forum Health was launched around Hagerman’s conviction that conventional medicine underdelivers on chronic disease. The organization functions as a direct operating rollup in the functional and integrative medicine space, purchasing private clinics and installing shared clinical, operational, and product infrastructure. Its geographic footprint spans 25+ locations clustered across the United States, with virtual care extending its reach to most states. The firm’s service stack covers a deliberately wide range of chronic and wellness conditions: hormonal health, weight loss and metabolism, gut disorders, Lyme disease, sexual health, and longevity protocols. Revenue streams blend direct patient pay for clinical consultations alongside the sale of nutraceutical supplements, IV therapies, and compounded pharmaceuticals. Forum Health’s own dispensing pharmacy, Strive Pharmacy based in Gilbert, Arizona, provides fulfillment for hormone replacement and GLP-1/semaglutide injections prescribed through the network, capturing margin that would otherwise go to third parties. Hagerman runs Forum Health Enterprises as the parent entity, which encompasses the clinic network, the nutraceutical arm Inwell Biosciences, and the practice-management platform Power2Practice — each serving as both an internal capability and a potential standalone commercial product. President Adam Puttkammer, with a leadership background in healthcare operations and software, oversees the day-to-day integration of these units. The firm promotes a provider count of over 90 clinicians, including Lyme disease specialist and Chief of Staff Dr. Andrew Petersen. There is no publicly disclosed fund vehicle or outside limited partners, indicating the capital likely comes from Hagerman’s SkyPoint Ventures and other principals. Unlike a standard private equity platform that strips costs, Forum Health’s architecture adds a captive pharmacy and proprietary supplement line vertically into the acquired practice models. That structural decision makes clinical protocols, pharmacy fulfillment, and product revenue interdependent — each patient visit can trigger margin at the clinic level and at the distribution arm.

General information

Firm type

Asset Manager

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Flint

Corporate office

Flint, MI, United States

Additional offices

Austintown, OH · Gilbert, AZ · Tampa, FL

Principals

Phil Hagerman

Chairman and CEO

Adam Puttkammer

President

Andrew Petersen, DO

Chief of Staff & Cofounder

Shilpa P. Saxena, MD

Chief Medical Officer

Lisbeth Roy, DO

Chief Strategy Officer

Sector focus

Healthcare ServicesDigital Health

Frequently asked questions

What is Forum Health's business model exactly?

Forum Health operates as a direct owner-operator of integrative and functional medicine clinics. It acquires existing practices, integrates them under a shared brand, and equips them with central services including its EMR platform Power2Practice, supplement line Inwell Biosciences, and the affiliated Strive Pharmacy. The model combines clinical service revenue with product and pharmacy margin.

How is the company financed?

Forum Health does not disclose outside investors or a formal fund structure. Chairman and CEO Phil Hagerman was the co-founder of Diplomat Pharmacy and serves as CEO of the venture capital firm SkyPoint Ventures, suggesting the operation is financed through his family capital and possibly the firm's own cash flows. Specific AUM or a committed fund size have not been made public.

What does the 'Forum Health Enterprises' structure include?

Forum Health Enterprises, Inc. is the parent entity with three identified components: the Forum Health clinic network, the nutraceutical arm Inwell Biosciences, and the practice management software company Power2Practice. This structure allows the firm to earn revenue from patient care, the products prescribed during that care, and the software that manages it.

Who leads the investment and acquisition strategy?

Chairman and CEO Phil Hagerman leads strategy with a track record of scaling Diplomat Pharmacy into the nation's largest independent specialty pharmacy. President Adam Puttkammer oversees the operational integration of acquired clinics and affiliated entities. The firm advertises clinic locations and a careers page but does not publicly name a dedicated head of M&A.

Does Forum Health accept institutional capital or co-invest?

Forum Health has not disclosed any institutional limited partners or co-investment programs. The organization presents as a privately held operating company supported by its founders, rather than a fund-based manager. There is no public record of it participating as a limited partner in other GPs' funds.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

Need institutional-grade insight on family offices?

Altss delivers:

Principals with verified direct contactsAllocation history by asset classOSINT-derived deal signals
Book a demo

Prefer a guided tour?

We’ll walk you through:

Interactive funding timelinesCustom mandate & allocation filters
Book a demo