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Consumer Health · $68M Valuation
Next Health
The largest branded longevity and functional medicine clinic network in the US, with 20 locations across 10 states and nine more in development.
Key metrics
- Initial investment
- $50K
- Current value
- $50K
- Entry valuation
- $68M
- Latest valuation
- $68M
- Current MOIC
- 1.0x
- Base case
- $150K
- Bull case
- $375K
- Conviction
- 3/10
Key value driver
Largest branded longevity footprint: 20 clinics/10 states, 9 in development; mature clinic ~$1M four-wall EBITDA on ~$1.6M cash; same-store +8% in 2025 with zero funded marketing; 19% recurring revenue CAGR since 2021; 9,240 reviews at 5.0
Primary risk
Consolidated EBITDA -$6.4M LTM; insider bridge not a priced round; Function Health comp is a software business, not clinics
Latest news
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