Asset Manager

Updated:

Upperline Health

Upperline Health: Will W. Savage, CEO. Provider of value-based lower-extremity care across seven states, backed by General Atlantic and Frist Cressey.

Upperline Health

Upperline Health is a healthcare company based in Nashville, United States, founded in 2016. It has secured $58.35 million in total funding.

General information

Firm type

Asset Manager

Year founded

2017

Location

Region

North America

Country

United States

City

Nashville

Corporate office

Nashville, TN, United States

Principals

Will W. Savage

Chief Executive Officer

Dr. Andrew Woods

Chief Medical Officer

Sector focus

Healthcare Services

Frequently asked questions

Who runs investment decisions at Upperline Health?

CEO Will W. Savage sets strategy, while clinical direction is led by Dr. Andrew Woods as Chief Medical Officer. The board includes representatives from private-equity investors General Atlantic, Frist Cressey Ventures, and Health Velocity Capital, who participate in capital allocation decisions.

How does Upperline Health source proprietary deal flow?

The firm identifies independent podiatry, vascular surgery, and wound care practices seeking to transition to value-based care. It partners with physicians through practice acquisitions and joint ventures, using its centralized infrastructure to improve margins and outcomes while maintaining local brand identity.

Is Upperline Health structured as a single family office or does it operate more like a venture firm?

Neither—Upperline is a healthcare operating company backed by institutional capital including General Atlantic, Frist Cressey Ventures, and Health Velocity Capital. It functions as a management services organization and physician practice aggregator, not a family office or venture fund.

What investment stages does Upperline Health typically target?

Upperline makes growth-stage investments in existing physician practices (typically $1M–$10M per transaction) and greenfield ambulatory surgery centers. It does not seed startups but rather acquires established, revenue-generating clinics with ≥3 providers and ≥5 years of operating history.

Which sectors does Upperline Health explicitly avoid?

Upperline has no disclosed avoidance list, but all of its disclosed activities focus on lower-extremity care. It does not operate in primary care, pediatrics, or general surgery beyond the foot and ankle.

How is Upperline Health related to General Atlantic?

General Atlantic led Upperline's $58M series B round in 2021 and holds a board seat. The private-equity firm typically retains minority stakes in growth healthcare platforms; it has invested across multiple provider aggregators including more than a dozen physician-practice roll-ups.

Where does the underlying wealth come from?

Upperline Health is not a family office—its capital comes from institutional investors: pension funds, endowments, and high-net-worth individuals that invest in General Atlantic, Frist Cressey Ventures, and Health Velocity Capital funds.

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