Investment Criteria | Amulet Capital

We focus on companies and subsectors with strong fundamentals, resilient demand
drivers, and exceptional leadership. Our approach is flexible by design, allowing us to tailor
capital and strategy to each opportunity. By combining disciplined underwriting with
sector insight and close collaboration with management, we seek to build healthcare
businesses positioned for long-term relevance, measurable performance, and lasting impact.

What We Look For

We seek opportunities with strong fundamentals and clear potential for scalable, sustainable growth. Specifically, we look for businesses that demonstrate:

01

Compelling
Clinical and
Economic Value

Solutions that deliver meaningful outcomes and cost‑effectiveness for patients, providers, and payers.

Scientist working under regulatory laboratory standards

02

Repeatable
Demand with
Attractive Unit
Economics

A proven revenue model, healthy margins, and strong visibility into future performance.

Laboratory equipment analyzing clinical samples

03

Multiple Paths to
Growth

Clear opportunities for organic expansion, strategic partnerships, and accretive M&A.

Abstract data visualization representing business growth

04

Strong
Governance and
Regulatory Alignment

Disciplined leadership, sound compliance infrastructure, and a culture of accountability.

Clinician in medical mask focusing on patient care

05

Alignment with
End Users

Deep connection to physicians, clinicians, or customers — ensuring engagement, adoption, and long‑term relevance.

Human-centered healthcare and patient engagement

Company & Deal Profile

We invest in businesses where we can take either a majority or significant minority position, with flexibility across carve-outs, founder- and family-owned companies, corporate partnerships, and take-privates.

Our typical equity investment ranges from $75–$150 million per platform, with additional capital reserved for programmatic add-on acquisitions.

Identifying Scalable Opportunities in High-Quality Healthcare Businesses

What We Look For

Compelling Clinical and Economic Value

Repeatable Demand with Attractive Unit Economics

Multiple Paths to Growth

Strong Governance and Regulatory Alignment

Alignment with End Users