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Health Enterprise Partners
Health Enterprise Partners (HEP) is a leading healthcare-focused private equity firm. By partnering with organizations at the forefront of transforming the...
Health Enterprise Partners
Health Enterprise Partners (HEP) is a leading healthcare-focused private equity firm. By partnering with organizations at the forefront of transforming the healthcare industry, it seeks to identify the companies best positioned to improve the delivery of healthcare. The firm has $600M+ committed to its funds, 30+ strategic payer and provider LPs across four funds, and 36 investments since founding in 2007.
General information
Firm type
Private Equity
Year founded
2006
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Dave Tamburri
Managing Partner
Ezra Mehlman
Managing Partner
Rick Stowe
Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Health Enterprise Partners?
Dave Tamburri and Ezra Mehlman lead the firm as Managing Partners and sit on the Investment Committee. Rick Stowe, a co-founder, remains involved as a Senior Advisor. The managing partners handle day-to-day sourcing, diligence, and portfolio management.
How does HEP source proprietary deal flow?
HEP maintains a formal Hospital Advisory Network composed of its limited partners — senior executives at major hospital systems and health plans across the United States. This network surfaces market needs, validates portfolio company products in live clinical and operational environments, and often introduces the firm to founder-led businesses that are pre-revenue or early-commercial but already solving a real health-system pain point.
Which sectors does Health Enterprise Partners explicitly avoid?
The firm stays out of biotechnology, pharmaceuticals, and medical devices that require FDA pre-market approval. It concentrates strictly on healthcare information technology, tech-enabled services, and outsourced provider services that deliver near-term return on investment for payer and provider organizations.
How is HEP's limited partner base structured, and why does it matter?
HEP's limited partner base includes some of the largest not-for-profit hospital systems and health plans in the United States. Rather than treating these LPs as passive capital, HEP integrates them into its Hospital Advisory Network — a formal mechanism that allows portfolio companies to pilot solutions, gain reference accounts, and accelerate enterprise sales within a network that controls substantial healthcare purchasing power.
Does the firm maintain any operating executive programs for portfolio companies?
Yes. HEP runs an operator-in-residence program that places experienced health system and payer executives into portfolio companies. These operators work alongside founders to refine go-to-market strategy and build the commercialization infrastructure needed to sell into large integrated delivery networks.
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