$5M Bridge Round — Now Open
The Model Works.
This Capital
Makes It Move.
HealthCred operates in 54 active correctional facilities across three states with 9,217 active lives and a $2.52M annualized commission run-rate — all on $1.3M raised to date. This $5M bridge funds Texas expansion, regional revenue leadership, and facility onboarding. Every dollar has a defined deployment target. Bridge investors come in first, at deal terms.
$5M
Bridge Round
Open now — limited window
Open now — limited window
$25M
Growth Capital
Next tranche — target raise
Next tranche — target raise
$30M
Total Raise
Bridge + growth capital
Bridge + growth capital
$500K
Minimum Investment
✓ Revenue Already Generating
$2.52M annualized commission run-rate across 54 active facilities in FL, GA, and AL — on just $1.3M raised to date. This bridge accelerates what's already working.
Why This Structure Works
Both Sides Win.
The Math Proves It.
A great deal doesn’t just pay investors — it funds growth in a way that makes HealthCred more valuable, faster. This structure is built around one principle: HealthCred keeps the majority of every dollar earned throughout every phase, and investors participate in the upside without owning any equity.
For Investors
Compelling Returns.
Real Cashflow. Defined Exit.
Real Cashflow. Defined Exit.
✓
18–28% estimated IRR — competitive with top-quartile PE, with less equity risk and quarterly liquidity instead of a 5–7 year lock-up.
✓
Distributions begin Quarter 1 — no 3–5 year value-creation wait. Every enrolled life generates $4.50/month to the investor pool immediately.
✓
Carrier-backed revenue — Blue-chip insurance carriers pay commissions within 30 days. No claims risk, no coding denials, no receivables uncertainty.
✓
3× cap — defined and finite — The instrument has a clear lifecycle. $75M total return, then the obligation ends completely. No open-ended royalty drag.
✓
Strategic exit upside — Equifax ($1.825B VINE acquisition) is the most direct strategic acquirer. Any exit event triggers early liquidity at the greater of 3× distributions or 8% of proceeds.
For HealthCred
100% Equity. 82% of Revenue.
Obligation Ends at $75M.
Obligation Ends at $75M.
✓
Chad retains 100% equity — No board seats surrendered. No dilution. At $300M–$341M exit multiples, 100% ownership is worth hundreds of millions more than any equity raise at this stage.
✓
HealthCred keeps 82% of all AGC during growth — At 75K lives, that’s $18.4M/year retained while growing. At 200K lives, $49.2M/year. The business funds its own expansion from retained revenue.
✓
95% after principal return — Once investors have received their $25M back (est. mid-2029), the participation drops to 5%. HealthCred keeps 95 cents of every dollar earned.
✓
100% after the $75M cap — The obligation ends completely. HealthCred owns 100% of a national platform, 100% of its revenue stream, and 100% of all future upside — forever.
✓
Legacy buyout removes 38% margin drag — $4.42M of the raise permanently eliminates existing participation agreements, immediately expanding net contribution per dollar of revenue.
Verified Traction
12 Numbers That Tell the Story
Not projections. Current operating reality across FL, GA, and AL — on $1.3M raised to date.
54
Active Facilities
FL · GA · AL
FL · GA · AL
9,217
Active Lives
Jan 2026
Jan 2026
$2.52M
Annualized Commission
Run-rate
Run-rate
$1.83M
Verified Carrier Payments
Oct 2024 – Jan 2026
Oct 2024 – Jan 2026
~$30
Gross PMPM
~$15 retained · ~$9–11 net
~$15 retained · ~$9–11 net
~35%
App-to-Active Conversion
29,856 total applications
29,856 total applications
80–85%
Annual Renewal Rate
Recurring revenue base
Recurring revenue base
40–60%
AOR Opportunity
Already-insured population
Already-insured population
$5.9M
Lee County Savings
Documented 2025
Documented 2025
$45–65K
Net / Facility / Quarter
At 1,000 ADP
At 1,000 ADP
7M+
Individuals / Year
Move through incarceration
Move through incarceration
$1.3M
Raised to Date
F&F only · no meaningful debt
F&F only · no meaningful debt
What HealthCred Is
Corrections Infrastructure.
Built Inside the Facility.
HealthCred is an embedded healthcare enrollment platform that operates inside correctional facilities — partnering directly with sheriffs and jail administrators to enroll inmates in ACA health coverage during their incarceration and activate that coverage the moment they're released. We are the only company doing this at scale.
1
Facility Partnership
We Embed Inside
HealthCred partners directly with sheriffs and jail administrators. We deploy our platform inside the facility — zero cost to the county. Every facility we've approached to date has signed a contract.
54 Active Facilities · FL, GA, AL
2
Enrollment
We Enroll During Custody
Our licensed agents screen every inmate for ACA eligibility. Uninsured individuals are enrolled in coverage that activates at release. Already-insured individuals are transferred to our AOR — we take over their existing policy.
29,856 Total Applications · ~35% Activation Rate
3
Commission Revenue
Carrier Pays Us Directly
Insurance carriers pay HealthCred a monthly commission for every active enrolled life — directly, in ~30 days, without invoices, claims, or approvals. As long as the person is enrolled, the commission flows.
$1.83M Verified · $2.52M Annualized Run-Rate
Two Revenue Paths — Both Generate Commission
🆕
Path A — New Enrollment
~60% of opportunity
Inmate arrives uninsured. HealthCred screens for eligibility, submits ACA application during custody. Coverage activates upon release. Carrier begins paying commission monthly from day one of activation.
No insurance → ACA coverage → monthly carrier commission
🔄
Path B — AOR Conversion
~40% of opportunity
Inmate arrives already insured. HealthCred becomes their Agent of Record — taking over an existing policy. Commission on their plan flows to HealthCred immediately. No new enrollment required.
Already insured → AOR transfer → existing commission captured
🚫
This Is NOT a Reimbursement Model
HealthCred does not bill Medicaid, file claims, submit invoices, or seek government reimbursement. There is no coding, no denials, no accounts receivable aging. Carrier commission is paid directly to HealthCred within approximately 30 days of each enrollment period — the same way any licensed insurance agent is paid. No claims risk. No balance sheet exposure. No collection process.
The Opportunity
Proven Model.
Capital Accelerates It.
$500K minimum. Bridge investors come in first at deal terms. The $5M funds Texas expansion, revenue team scale, and facility onboarding — capital with an assigned operational outcome. Subject to accredited investor verification.
Evaluate on Standalone Merits
Bridge investors evaluate this opportunity on HealthCred's standalone merits — 54 active facilities, 9,217 active lives, $2.52M annualized run-rate, and a proven unit economics model generating ~$30 gross PMPM with no claims risk. The business is already producing. This capital accelerates it.
Bridge Capital Deploys Immediately
Your capital goes to work the moment it closes — revenue team expansion, facility onboarding, and technology infrastructure. The model is already generating $2.52M in annualized run-rate. This capital expands operations while the institutional close completes.
Limited Allocation
The $5M bridge is not a broad offering. Minimum commitment is $500K. This is a small, accredited-investor allocation that fills before the institutional round closes.
Not Pre-Revenue — Already Running
This is not a concept. HealthCred has 2+ years of documented operations, verified carrier payments, and a growing footprint across three states. Bridge capital doesn't prove the model — it funds the next leg of growth.
The Problem We're Solving
A Broken System — With a Clear Fix
Every year, more than 7 million individuals move through America's correctional system. The vast majority arrive uninsured — and leave uninsured. Without healthcare coverage at release, the cycle continues: untreated conditions, no follow-up care, no prescription access, and a direct pathway back to incarceration.
HealthCred operates at the exact inflection point — the transition between custody and community — where a single enrollment decision determines whether someone has healthcare access or doesn't. We don't just enroll people. We create continuity of care at the moment it matters most.
Research consistently shows that access to healthcare coverage upon release is one of the strongest predictors of reduced recidivism. HealthCred is infrastructure for that outcome.
The Jail Medical Cost Crisis
Counties bear the full cost of uninsured inmate medical care — off-site emergency visits, specialist referrals, hospitalizations — with no reimbursement pathway. HealthCred activates coverage that eliminates this liability. Lee County documented $5.9M in savings within its first year of implementation.
Why Sheriffs Embrace This
Sheriffs and jail administrators face relentless budget pressure from avoidable medical costs. HealthCred provides a zero-cost solution that reduces that burden, creates documented fiscal impact, and supports better reentry outcomes — making it politically and operationally easy to say yes. Every facility approached to date has signed a contract.
Breaking the Recidivism Cycle
Healthcare coverage at reentry supports mental health treatment, substance use recovery, and chronic condition management — the three leading drivers of recidivism. HealthCred's model generates commercial returns while delivering measurable social infrastructure. The business works because the mission works.
Proof of Traction
12 Headline KPIs
2+ years of documented operations across Florida, Georgia, and Alabama. Every metric below is verified and operational — not projected.
Current Operating Footprint
54 Active Facilities Across Three States
FL
Florida
Largest footprint · Equifax VINE national data infrastructure — FL pilot — deal being finalized
✓
GA
Georgia
Active · Georgia Sheriffs Association partner
✓
AL
Alabama
Active · Alabama Sheriffs Association partner
✓
Expansion Pipeline
TX
MS
TN
LA
+7 more
Next: TX · MS · TN · LA + 7 more states
Every facility approached has signed. No facility has churned. The template is proven — bridge capital scales it.
54
Active Facilities
FL · AL · GA
9,217
Active Enrolled Lives
January 2026
~35%
App-to-Active Conversion
29,856 total applications
$2.52M
Annualized Gross Commission
Run-Rate
$1.83M
Verified Carrier Payments
Oct 2024 – Jan 2026
~$30
Gross PMPM
~$15 retained / ~$9–11 net
80–85%
Renewal Rate
Annual retention
$5.9M
Lee County Savings
Documented 2025
40–60%
AOR Opportunity
Already-insured population
7M+
Annual Market Addressable
Individuals through incarceration
$1.3M
Capital Raised to Date
Friends & family, no meaningful debt
100%
Facility Contract Rate
Every facility approached has signed
99th
National Submission Percentile
Top 1% of all agencies on the federal exchange — 2026 plan year
Verified Carrier Payments
Revenue Growth — Oct 2024 to Jan 2026
Monthly commission receipts from insurance carriers — all documented. $1.83M cumulative. $2.52M annualized run-rate.
$1.83M
Cumulative Verified Payments
~10x
Monthly Growth Oct '24 → Jan '26
$2.52M
Annualized Commission Run-Rate
All payments directly from insurance carriers — documented, verified, and recurring. $1.83M cumulative through January 2026.
Active Enrolled Lives — Cumulative Growth
From First Facility to 9,217 Active Lives
Documented enrollment growth across FL, GA & AL — every active life verified and generating monthly carrier commission.
9,217
Active Lives Jan 2026
29,856
Total Applications
~35%
App-to-Active Conversion
~80–85%
Annual Renewal Rate
Chart illustrative — growth trajectory based on documented operational data. Actual monthly figures may vary. All figures as of January 2026.
Unit Economics (Illustrative)
PMPM Waterfall — Per Active Life
How each enrolled life converts to net contribution. $30 gross PMPM paid directly by carrier → 50/50 split with licensed agency infrastructure partner (InsureCred) → operating cost → net retained. Figures illustrative based on current economics; performance varies by facility and carrier mix.
Gross Commission (Carrier-Paid)
Paid directly by insurance carrier within ~30 days of enrollment activation. Rate varies by carrier, state, and plan type.
~$30 PMPM
InsureCred Split (50/50)
InsureCred operates as licensed agency infrastructure partner at arm's-length commercial terms; subject to consolidation strategy. Structure optimized over time.
−$15 PMPM
Operating Cost
QA oversight, compliance, reporting, and agent operations per enrolled life.
−$4–6 PMPM
Net Contribution (Midpoint)
Every additional enrolled life is immediately additive to the revenue base. Margin compounds with scale.
~$10 PMPM
Per Facility — 1,000 ADP Jail (Illustrative)
60–70%
Capture Rate
420–595
Payable Lives
$45K–$65K
Quarterly Net
Seasonal Revenue Layer
Open Enrollment Bonuses
ACA carriers pay one-time production bonuses ($50–$100/member) each year during the Annual Open Enrollment Period (Nov 1–Jan 15). These flow through AGC directly to investors — completely additive to base PMPM revenue.
OEP 2024–2025 — Verified
$100K+
Carrier bonus revenue
from 1,000+ OEP enrollments
from 1,000+ OEP enrollments
With Capital — Outlook
$150K–$500K+
Estimated annual OEP bonus
revenue at expanded scale
(Illustrative — subject to persistence & carrier terms)
revenue at expanded scale
(Illustrative — subject to persistence & carrier terms)
The Core Mechanic
Revenue Doesn’t Reset. It Compounds.
Every enrolled life keeps paying every month — unless they cancel. Each new cohort stacks on top of every prior cohort. Month 1’s revenue is still earning in Month 36. This is what makes HealthCred’s model fundamentally different from a transaction business.
9,217
267
$25
83%
Growth Accelerators — Toggle On/Off to See the Impact
Month 1
Revenue Team
+4 facilities/mo
Month 6
Tech Automation
+20% conversion
Month 9
Texas Expansion
+3 large/mo
Month 12
AOR Unlock
+2,500 existing insured
Monthly AGC — 36-Month Projection
Gold = with all accelerators · Dashed = base growth only
Month 36 AGC
—
Active Lives
—
Projections are illustrative. Net PMPM = carrier commissions less $5/member/month operating reserve. Retention rate compounds monthly. Accelerator phase assumptions based on stated use-of-proceeds deployment schedule. Actual results may differ materially.
Capital Structure
$5M — Every Dollar
Has an Assigned Outcome.
Bridge capital deploys immediately upon close. Every dollar has an assigned operational outcome — no fluff, no runway burn. Texas expansion, revenue team growth, facility onboarding, and technology infrastructure.
Closes First You Are Here
Bridge Round — $5M
Private accredited investors · deploys immediately
$5M
Active Diligence — Q2/Q3 2026
Institutional Round
Lead PE Firm — Active Diligence
$25M
Total Capital Sought
Full Deployment Target
$30M
Bridge Use of Proceeds
The full $30M is deployed as one coordinated capital base. Every dollar — bridge and institutional — funds the same expansion: lives enrolled, facilities onboarded, and ARR grown.
Capital Deployment
$25M — Disciplined Use of Proceeds
Every dollar allocated to a specific operational outcome. No fluff. Capital is deployed as a coordinated $25M base — bridge and institutional together — with each bucket benchmarked to comparable government healthcare and corrections infrastructure companies.
Revenue Leadership 45% · $11.25M
Technology & Digital 23% · $5.75M
Revenue Assurance / QA 15% · $3.75M
Ecosystem Dominance 12% · $3.00M
Regulatory Durability 5% · $1.25M
Separate One-Time Optimization
$4.42M Legacy Buyouts
Structured buyout of legacy revenue participation agreements removes 38% structural margin drag permanently — immediately expanding net contribution per dollar of revenue for all investors going forward.
45%
Regional Revenue Leadership
$11.25M
RVPs + Savings Associates + field deployment. Builds the outbound team that directly drives facility adds and active life growth across TX and non-expansion states.
23%
Technology & Digital
$5.75M
JMS integrations, analytics, training modules, kiosk deployment (late 2026). Reduces enrollment time from 5–6 min to 3–4 min and removes staff burden per facility.
15%
Revenue Assurance / QA
$3.75M
Compliance QA, reversal reduction, payout protection. Protects the revenue base already established — every dollar of reversal prevented is a dollar earned.
12%
Ecosystem Dominance
$3.00M
Sheriff conferences, PR/graphics/web, brand authority. Builds the association presence that makes Texas and non-expansion state adoption reference-driven — not cold outreach.
5%
Regulatory Durability
$1.25M
Lean legal/compliance + regulatory monitoring and policy engagement strategy. Secures the compliance foundation as HealthCred expands across new state regulatory environments.
Market Opportunity
The Market Is Bigger
Than the Problem Suggests
At the moment of booking and release, Medicaid and ACA eligibility changes — creating an enrollment window that exists for every single person moving through a correctional facility. No company had systematically captured it at scale. Until HealthCred.
HealthCred operates at the transition point — embedded inside correctional facilities, enrolling individuals at the exact moment their coverage eligibility is triggered. The result: insurance carriers pay commission. Facilities reduce healthcare costs. Individuals get coverage.
No claims risk. No underwriting risk. No balance sheet exposure. Commission paid directly by carriers within ~30 days.
The Always-On Enrollment Cycle
Custody begins
→ Carrier pays commission within ~30 days
$12B+ Correctional Healthcare Market
A historically underserved market where the first companies to gain facility access have consistently built durable, high-margin revenue streams. The enrollment layer has never been captured at scale — until now.
First-Mover Moat
HealthCred is embedded inside facilities as the only provider doing this at scale. Every facility that signs a contract becomes a defensible revenue stream — and 100% of facilities approached to date have signed.
Equifax VINE — Active Engagement
Equifax acquired Appriss Insights (owner of VINE) for $1.825B in 2021 — but has no clear monetization strategy for that asset. Equifax VINE's data infrastructure spans correctional facilities across the entire country — national reach, not just Florida. HealthCred is finalizing a Florida pilot agreement as the entry point. The thesis: HealthCred is the enrollment and monetization engine that makes the VINE asset produce revenue at scale.
2026 Revenue Unlock
40–60% of Applicants Are Already Insured — and Worth Just as Much
Prior enrollment workflows only monetized new enrollments. The existing covered population — nearly half of all applicants — was left on the table. HealthCred's dialer integration changes that in 2026.
40–60%
Already Have Coverage
Historically, 40–60% of applicants already hold marketplace coverage when they enter a facility. Prior workflows passed over them entirely. That volume was never monetized.
$9–11
PMPM on Covered Lives
AOR (Agent of Record) conversions allow HealthCred to earn the same $9–11 net PMPM contribution on already-covered individuals who elect HealthCred — with full DOI compliance and documented consent.
2×
Revenue Per Facility
AOR conversions are incremental revenue without adding a single new facility. Every existing facility now yields revenue from both populations. The dialer is the unlock mechanism — and the bridge funds it.
Result:
Higher revenue per application without requiring a single additional facility onboarding. AOR conversions add $9–11 PMPM contribution on the population HealthCred was previously generating zero revenue from. This is a 2026 dialer-driven revenue multiplier built on the existing facility base.
The Beachhead Strategy
Texas Is the Beachhead.
11 States Is the Operating System.
HealthCred targets non-Medicaid-expansion states first — where ACA marketplace penetration is highest and correctional enrollment urgency is greatest. Texas alone has 700+ county jails, 254 counties, and the highest concentration of uninsured incarcerated individuals in the country. The institutional raise funds the beachhead. The beachhead proves the model at volume. 11 states follow through the same playbook.
254
Texas Counties
700+ county jails. Every county is a new facility opportunity. No statewide platform exists.
50–75
TX Facility Target (Yr 1)
Achievable in 12–18 months with dedicated RVPs. Mirrors the FL/GA/AL playbook that produced 54 facilities.
11
Target Expansion States
TX, MS, TN, LA, SC, NC, AR, OK, MO, KY, VA — all non-expansion or partial-expansion states with high jail populations.
🎯
Why Non-Expansion States First
States that did not expand Medicaid maintain higher concentrations of uninsured individuals — creating larger, more urgent enrollment windows at the point of incarceration. HealthCred's ACA-based model does not depend on state Medicaid programs and performs equally well (or better) in non-expansion environments. This is structural market design: HealthCred goes where the need is highest, the competition is lowest, and the commission pool is deepest. Actual results may differ materially from projections. Expansion timeline subject to capital deployment and regulatory requirements in each state.
Platform Defensibility
Manual Competitors Are
Capacity-Constrained by Design
Two known competitors operate with largely manual workflows — fax, email, spreadsheets, phone calls. Manual documentation increases reversal risk and limits scalable multi-facility throughput. HealthCred is not a manual operation. It is a platform.
| Capability | Manual Competitors | HealthCred |
|---|---|---|
| Workflow | Fax / email / spreadsheets | System workflow + CRM |
| SEP Proof | Manual documentation | Automated audit trail |
| Throughput | Human-limited | Dialer + kiosk acceleration |
| Data | Fragmented | Lifecycle tracking |
| JMS Integration | None | SmartCOP — direct system integration |
| Scale | Limited geography | Multi-state template |
IP Protection
Patent-Filed Infrastructure Platform
HealthCred is not custom software — it is a patent-filed, IP-protected corrections infrastructure platform. HCC owns 100% of the software, APIs, and data architecture. Protected by trade secrets and copyright, creating high switching costs and a defensible data moat.
Switching Costs
SmartCOP-Integrated — Operationally Sticky
HealthCred is directly integrated with SmartCOP — the dominant jail management system used by sheriff's offices and correctional facilities across the Southeast. The integration pulls custody data and eligibility triggers at the system level. Operational displacement is required to switch. The integration deepens at every facility over time.
Compliance Layer
Automated SEP Proof — Carrier Trust Built In
Automated SEP proof with time-stamped audit trails reduces denials and reversals. Manual competitors face chronic documentation failures that erode carrier relationships. HealthCred's compliance layer protects the revenue stream — and becomes a carrier-trust advantage at scale.
Security & Compliance Infrastructure
Built for Federal-Grade Compliance.
Positioned for Government Contracts.
HealthCred's integration with SmartCOP involves custody data and PII — the same data environment that triggers FBI CJIS Security Policy requirements. Rather than treat compliance as a checkbox, HealthCred has proactively built a security and compliance architecture designed to meet the standards required for direct government contracting.
🔒
CJIS Compliance — Active Pursuit
HealthCred is in active remediation against the FBI CJIS Security Policy v5.9.5. Personnel background check procedures are underway. Access controls, audit logging, and data handling protocols are being hardened to meet the standard required for certified criminal justice data environments.
☁️
AWS GovCloud — In Development
HealthCred is actively working toward migration to AWS GovCloud — the FedRAMP-authorized, CJIS-aligned cloud environment used by federal agencies and DOD contractors. GovCloud migration is a prerequisite for federal government contract eligibility and positions HealthCred to respond to formal solicitations when and if awarded.
🏛️
Federal Contract Optionality
The federal government operates 122 federal prisons housing 150,000+ individuals. Achieving full CJIS compliance and GovCloud certification opens HealthCred to direct federal procurement pathways — including BOP contracts, DOJ partnerships, and DOD-adjacent channels through affiliated institutional investors. This is upside — the core model stands alone.
Important: CJIS compliance is in active progress — not yet certified. AWS GovCloud migration has not commenced. These represent forward-looking infrastructure investments being made in anticipation of federal contract opportunities, which are not guaranteed. The existing commercial model operates independently of federal contract status.
Technology Acceleration — Late 2026
Kiosk Deployment:
From 5–6 Minutes to 3–4 Minutes Per Enrollment
HealthCred's kiosk program (funded within the $5.75M Technology & Digital allocation) installs facility-facing hardware that removes staff dependence from the enrollment workflow. The result is faster throughput, higher conversion rates, and a lighter operational footprint per facility. Target deployment: 700 kiosks as part of the institutional round buildout.
Current Process
⏱
5–6 minutes per enrollment
👤
Staff intervention required
📋
Manual documentation steps
⚠
Human variability per interaction
🖥
Kiosk
Deployment
Deployment
Late 2026
700 units
700 units
With Kiosk
✅
3–4 minutes per enrollment
✅
Self-service, staff-free
✅
Automated audit trail
✅
Consistent conversion per facility
Kiosk deployment reduces staff burden, eliminates enrollment time variability, and increases per-facility throughput capacity — directly lifting capture rate and net contribution per location. Funded within the $5.75M Technology & Digital capital allocation. Deployment estimated to begin late 2026 pending institutional close; actual timeline subject to capital availability and operational rollout logistics.
Durable moat. Scalable recurring revenue. Multiple expansion pathways.
The platform that captures the ACA enrollment layer at the correctional inflection point — and owns it operationally — can't be replicated by a fax machine and a spreadsheet.
Regulatory & Market Momentum
Three Forces Converging
on HealthCred's Market
The policy environment isn't just friendly to what HealthCred does — it is actively mandating it. Federal legislation, state waivers, and a growing county cost crisis are combining to create the largest window of opportunity this market has ever seen.
24.2M
ACA Enrollees — 2025
ACA Marketplace at Historic Scale
ACA enrollment has more than doubled since 2021 — growing 113% to 24.2M in 2025. The commission pool HealthCred draws from is at an all-time high. Every enrolled life translates directly to carrier revenue, and HealthCred sits at the only enrollment channel this population has ever had.
16+
States with CMS Pre-Release Waivers
Federal Mandate Driving HealthCred's Model
The Reentry Act of 2025 (H.R. 2586) requires Medicaid reinstatement 30 days pre-release. 16+ states already have CMS waivers for 90-day pre-release services. As of January 2025, federal law requires screenings and case management for youth in jails before release. Washington is mandating what HealthCred already does.
90%
of County Jail Inmates Are Uninsured
Sheriffs Are Drowning in Uncompensated Care
Studies show ~90% of people entering county jails have no health insurance. Counties absorb every medical bill — ambulance transfers, hospital stays, in-custody care. One rural county spent $430K on ambulance trips alone in a single year. An enrolled inmate becomes a carrier patient. HealthCred eliminates that cost at the source.
⚖️
The Government Is Building HealthCred's Pipeline
Every state that approves a Medicaid pre-release waiver becomes a HealthCred expansion market. Every sheriff absorbing uncompensated medical costs is a motivated partner. Every federal mandate reinforces that the correctional enrollment window is not a niche — it is a policy priority. HealthCred already holds the operational infrastructure to execute at scale. The capital raised in this round funds the speed.
Compliance Tailwind
HealthCred Is the Standard — Not the Ask
The National Commission on Correctional Health Care (NCCHC) Standard J-E-10 requires facilities to assist incarcerated individuals with health insurance applications prior to release. HealthCred operationalizes that requirement — converting a compliance burden into a carrier revenue stream.
NCCHC Standard J-E-10 — Discharge Planning
Compliance Indicator:
"The facility has a process to assist with health insurance applications prior to release."
Discharge planning under J-E-10 is classified as Essential — the highest compliance tier. Facilities seeking NCCHC accreditation must demonstrate this process is in place, written, and auditable. HealthCred provides that process, documentation trail, and audit-ready output.
Compliance-Aligned Infrastructure
HealthCred is not a vendor asking for budget — it's the solution to a compliance obligation facilities already have. That reframes every sales conversation from "can we afford this" to "we need this."
Audit-Ready SEP Documentation
HealthCred's automated time-stamped audit trail satisfies J-E-10 documentation requirements. No manual records, no staff burden — the platform generates the compliance evidence automatically with every enrollment.
Accelerates Facility Adoption
Sheriff endorsements + NCCHC compliance framing reduce procurement friction to near zero. The story writes itself: the standard requires it, the sheriff endorses it, and it costs the county nothing. Every facility approached has signed.
POSITIONING ADVANTAGE
"Compliance-aligned infrastructure" vs. discretionary program spend — a category of one.
Financial Projections
Path to Scale
With bridge capital deployed and the full $30M raised, HealthCred's trajectory is defined by a simple equation: more facilities, more lives, more recurring revenue.
Revenue Growth Scenarios (Base Midpoints — Illustrative)
Projections based on historical conversion rates and targeted facility additions. All figures illustrative; actual results may differ materially.
+$8.0M
Revenue Delta (2027)
+32.5K
Active Lives Delta (2027)
50–100
Facility Adds/Year (Funded)
$25M+
Upside w/ Full Automation
Without Full Raise
$8–11M
Revenue by 2027
30–40K enrolled lives
With Bridge + $25M
$20–28M
Revenue by 2027
75–100K enrolled lives
Upside Scenario
$40M+
Revenue by 2028
175K+ lives · National + federal
Now — Q2 2026
Bridge Round Closes ($5M)
Revenue team expansion, technology acceleration, facility onboarding. ARR grows from $2.52M toward $8M+. Active lives scale from 9,217 toward 25K+.
Q2/Q3 2026
$25M Growth Capital Close
Full capital deployment: Texas expansion, 11+ new states, 700 kiosks, legacy buyout. HealthCred arrives at institutional close already in motion with momentum demonstrated.
2027
$20–28M Revenue / 75–100K Lives
National footprint. Equifax VINE monetization pathway — target milestone. Federal contract expansion through DOD/SBA channel. Quarterly distributions running at $1M+. Exit scenarios under evaluation.
Exit Scenarios
Strategic or Financial Exit
170K lives → $341M valuation | 250K lives → $304M | 300K lives → $278M. Equifax ($1.825B Appriss/VINE acquisition, 2021) represents the most direct strategic acquirer pathway — HealthCred is the monetization engine they're missing.
Investor Return Math (Illustrative)
3× Return Hurdles — Active Lives Required
Participation base = gross commissions less $5.00 PMPM reserve (~$25.00 net). 18% participation until $25M returned, then 5% until $75M total. Illustrative only — assumes linear scale and steady monthly collections. Actual results may differ materially.
Assumes 8% of sale proceeds count toward the $75M cap. Values are illustrative and exclude taxes/working capital timing. Cap shown for clarity; definitive terms govern.
Capital Deployment & Investor Returns
Returns Begin Quarter One.
Aggressive Scaling. Quarterly Distributions.
HealthCred’s model generates investor pool distributions from the first enrolled life — not after a multi-year ramp. Capital deploys in two waves: bridge capital in 30 days, $25M growth capital within 90 days of close. The sections below show the phase-by-phase deployment schedule and projected quarterly distributions at each active-life milestone.
Investor Distribution Schedule
Quarterly Payouts by Active-Life Milestone
18% of Adjusted Gross Commission paid quarterly. Net base: ~$25.00 PMPM × 18% = $4.50/enrolled life/month to investor pool. $500K investment = ~25% of total pool (illustrative). Your share is pro-rata.
Aggressive Growth Scenario
Cumulative Investor Pool — Year by Year
Assumes Phase 1 (bridge) reaches 20K lives by Q2 2026; Phase 2 ($25M) scales to 75K by Q4 2026 and 125K+ by mid-2027; Phase 3 reaches 175K+ by Q4 2027. Net PMPM $25.00, 18% investor participation. Illustrative only.
Why this scenario is achievable: 7M+ individuals move through incarceration annually. At current ~35% app-to-active conversion, a 2% market penetration rate produces ~49K active lives. HealthCred’s closed-environment model (every facility approached to date has signed) removes standard CAC uncertainty. 54 active facilities today — a 10× increase to 540 facilities represents 2.1% of the ~26,000 correctional facilities nationally. Each facility averages ~1,000 average daily population. 54 active facilities × ~170 enrolled lives per facility = 9,217 current active lives. Scale the ratio. Every additional facility is immediately additive — no claims risk, no underwriting, no delays.
Projections are illustrative based on current operating metrics. Net PMPM, conversion rates, and retention may vary. Actual results may differ materially. This does not constitute an offering of securities.
Staged Growth Plan
Four Stages. Three Unlock Events.
One Clear Trajectory.
HealthCred's growth is not linear — it's staged. Each stage unlocks the next. The bridge round funds Stage 2. Stage 2 demonstrates the revenue that positions HealthCred to unlock Securus distribution and deepen the Equifax engagement into a joint acquisition channel. The compounding effect creates a path to national scale faster than any competitor could replicate.
1
NOW — PROVEN
3-State Operating Platform
54 active facilities · FL, GA, AL
9,217 active enrolled lives
$2.52M annualized ARR
Equifax NDA executed ✓
Equifax deep-dive completed ✓
9,217 active enrolled lives
$2.52M annualized ARR
Equifax NDA executed ✓
Equifax deep-dive completed ✓
2
BRIDGE ROUND → Q3 2026
Revenue Acceleration + Equifax Pilot
Revenue team expansion
20K+ active lives
$5M+ ARR
Equifax FL pilot — target milestone
Joint facility pursuit — target milestone
20K+ active lives
$5M+ ARR
Equifax FL pilot — target milestone
Joint facility pursuit — target milestone
3
$25M CLOSE → 2027
National Scale + Distribution Unlocked
TX + 7+ new states
75–100K active lives
$20–28M ARR
Securus distribution activated
Equifax national data layer
75–100K active lives
$20–28M ARR
Securus distribution activated
Equifax national data layer
4
2028 — EXIT HORIZON
Platform + Government Contracts
150K–300K active lives
$40M–$60M revenue
Federal contract revenue
Strategic exit: $278M–$341M
Equifax = most direct acquirer
$40M–$60M revenue
Federal contract revenue
Strategic exit: $278M–$341M
Equifax = most direct acquirer
The Three Growth Unlock Events
🔓 Unlock 1 — Bridge Close
Revenue Team → $5M ARR
Adding dedicated revenue leadership and expanding to new facilities within FL, GA, and AL doubles the ARR run-rate. This revenue demonstration is the specific threshold Securus requires to activate the distribution partnership.
🔓 Unlock 2 — Equifax Pilot (Target)
From Data Engagement to Joint Facility Pursuit
NDA executed March 2026. Three substantive meetings followed: deep-dive March 26, platform and data review April 6, strategic alignment call April 14. Equifax VINE's data infrastructure covers correctional facilities nationally — not limited to Florida. HealthCred is in final stages of formalizing a Florida pilot agreement as the initial deployment. If advanced, Equifax becomes a co-sales channel for joint facility pursuit at national scale. Discussions are active and ongoing; no pilot agreement has been signed.
🔓 Unlock 3 — Securus Distribution
1,800+ Facilities Accessible
Securus Technologies serves 1,800+ corrections agencies and is already in active partnership discussions with HealthCred. Securus's one condition: meaningful revenue. When Stage 2 delivers $5M ARR, Securus activates — giving HealthCred instant national distribution without building each facility relationship individually.
Strategic Partners & Institutional Backing
Who's Behind This Deal
Equifax VINE
Strategic Engagement — NDA Executed · Active Discussions · Pilot Proposal Submitted
Equifax acquired Appriss Insights (owner of VINE — the nation's leading victim notification and offender tracking network) for $1.825B in 2021. HealthCred's thesis: Equifax holds a $1.825B asset with no clear monetization strategy — HealthCred is the enrollment and revenue engine that makes it valuable. Engagement timeline to date: NDA executed March 17, 2026 → First deep-dive meeting March 26 → Equifax reviewed platform, data requirements, and workflow April 6 → VINE Data Requirements document delivered April 11 → Strategic alignment call April 14. Equifax VINE's data infrastructure covers correctional facilities across the entire country — national reach. HealthCred is in the final stages of formalizing a Florida pilot agreement as the initial entry point to that national distribution channel. Pilot agreement is being finalized. Discussions are active and ongoing. If advanced, the engagement pathway is: Equifax reviews coverage maps → joint facility pursuit begins → Equifax becomes a co-acquisition channel for national scale.
Institutional Capital Partner
Lead Investor — Active Diligence
HealthCred's capital structure has been reviewed by legal counsel at BeharBehar and is structured for compliance with applicable securities laws. All bridge investments are subject to accredited investor verification and fully executed NDA prior to data room access.
GSA — Federal Government Track
Government Contract Pathway — Active Development
HealthCred is actively pursuing a federal government contract pathway through the General Services Administration (GSA). As of April 2026, the GSA track is advancing in parallel with the Equifax data infrastructure validation — two converging tracks that, together, transform HealthCred from a strong regional operator into a federally distributed platform. The institutional capital partner has direct DoD and SBA affiliations, creating an alignment between the investment structure and the government contract development track. The core business stands alone; federal contracts represent additional distribution and revenue upside.
Securus Technologies
Distribution Partner — Proposal Submitted · One Condition Remaining
Securus Technologies (an Aventiv company) serves 1,800+ corrections agencies across the U.S. — making it the largest correctional technology distribution network in the country. HealthCred has submitted a formal partnership proposal, engaged Securus's leadership team on multiple calls, and delivered a full Legal and Compliance Review Packet. Securus's stated position: they are interested and ready to move — but need to see meaningful revenue demonstrating the commercial viability of the enrollment model. The bridge round funds the revenue team that produces that demonstration. When Stage 2 delivers ~$5M ARR, Securus activates — and HealthCred gains instant access to 1,800+ facilities without cold outreach, without individual contract negotiations, and without building a national sales force from scratch.
Leadership
The Team
Chad R. LaBoy
President & Founder
Sole owner and operating founder of HealthCred. Built the company from concept to 54 active facilities across FL, GA & AL, 9,000+ enrolled lives, and $2.52M ARR across three states. Leads all strategic, operational, and investor relationships.
Nolan S. Weeks
Co-Founder, EVP Operations & Field Growth
Leads field operations, facility onboarding, and regional growth across FL, GA, and AL. Directly manages the facility partnership network and Sheriff's office relationships that form HealthCred's operational backbone.
Steve Casey
EVP — Government & Strategic Partnerships
Named the 16th Honorary Sheriff in the State of Florida by the Florida Sheriffs Association. Served 15 years as FSA Executive Director and brings 45+ years of public safety leadership — including Deputy Secretary of the FL Dept. of Juvenile Justice and Chief Deputy of the Monroe County Sheriff's Office.
Josh Waites
EVP of Marketing & Growth
Drives HealthCred's brand strategy, facility outreach, and enrollment growth across Florida, Georgia, and Alabama. Oversees agent productivity, digital enrollment infrastructure, and carrier relationship marketing.
Christy Rogers
Director of Professional Services
Manages facility-level operations, QA, compliance, and insurance services. FL Agency License #G103889. Oversees implementation of HealthCred's enrollment programs across new and existing facility partnerships, and ensures proper insurance coverage and carrier compliance at the facility level.
Aaron Behar, Esq.
Chief Legal & Operations Officer
Partner at BeharBehar, Fort Lauderdale. Handles HealthCred's legal strategy, PE deal structuring, government contract negotiations, and investor documentation. Active participant in the institutional raise and PE deal structuring.
Law Enforcement Advisory
Sheriff Advisory Highlights
Senior law enforcement leaders whose institutional relationships and public safety credentials form the backbone of HealthCred's facility access strategy.
Sheriff Al Lamberti
Senior Advisor — Florida Corrections & Sheriff Partnerships
A 35-year veteran of the Broward County Sheriff's Office, Sheriff Lamberti rose from detention deputy to become the 17th Sheriff of Broward County — the first to rise entirely through the ranks. He directed a 6,300-member organization with a nearly $700 million budget. One of HealthCred's most credentialed institutional relationship anchors in Florida.
Combined Law Enforcement Depth
80+
Years of combined public safety leadership on the HealthCred team
2
Honorary Sheriffs on the HealthCred team — FL's 16th and 17th
3
State Sheriff Association partnerships: FL, GA, AL
Validation & Recognition
Trusted by the Industry
Carrier Partners
HealthCred works with nationally recognized carriers to activate ACA coverage. Revenue is generated through direct carrier commission payments — paid within approximately 30 days of enrollment activation.
ambetter
Health
UnitedHealthcare
A UnitedHealth Group Company
oscar
Health
Commission Rate Disclosure
Commission rates are set individually by each carrier and vary by state, plan type (bronze/silver/gold), and enrollee age band. Current operating markets (FL, GA, AL) carry rates in the range of approximately $18–$30 PMPM across active carrier relationships. HealthCred does not control carrier rate schedules; rates are subject to annual adjustment at each carrier's discretion.
All PMPM figures presented in this portal are illustrative averages based on current verified carrier payment history. Actual revenue per enrolled life varies by carrier, plan, and market. Investor distributions are calculated on actual Adjusted Gross Commission received — not projected or fixed rates — providing a direct link between verified revenue and investor return.
Sheriff Endorsements
Letters on file. Savings reflect county-reported reductions in uncompensated care associated with post-release coverage activation; methodology available upon request.
$657K
Flagler County, FL
Documented savings since March 2025 · Sheriff Rick Staly endorsement on file
$127K
Bradford County, FL
Documented savings in May 2025 · Sheriff Gordon Smith endorsement on file
$5.9M
Lee County, FL
Documented savings 2025 · Largest single-county savings case study
Bradford County, Florida · $127K Saved May 2025
"Our partnership with HealthCred Care, and the program led by Chad LaBoy and Nolan Weeks, has demonstrated accountable results in Bradford County. This program saved Bradford County over $127,000.00 in eligible inmate healthcare expenses in May 2025."
Sheriff Gordon Smith — Bradford County, Florida
Flagler County, Florida · ~$657K Since March 2025
"Our partnership with HealthCred Care, led by Chad LaBoy and Nolan Weeks, has demonstrated measurable results in Flagler County. Since March 2025, this program has saved Flagler County over $193,000 by successfully enrolling eligible inmates. In total, Flagler County taxpayers have benefited from nearly $657,000 in savings."
Sheriff Rick Staly — Flagler County, Florida
Escambia County, Alabama · Savings + Continuity of Care
"HealthCred's program delivers real value for our facility — reducing costs and ensuring continuity of care for individuals transitioning out of custody. I strongly endorse this public-private partnership model."
Endorsement on File — Escambia County, Alabama
"I can't say enough great things about our new partnership with HealthCred Care and their staff."
Major Dawn Mueller — Jail Director, Bradford County, Florida
Accreditations & Memberships
FSA
Florida Sheriffs Association
2025 & 2026 Honorary Member
2025 & 2026 Honorary Member
ASA
Alabama Sheriffs Association
Platinum Partner
Platinum Partner
BBB
Better Business Bureau
A+ Accredited
A+ Accredited
AJA
American Jails Association
Featured Publication Partner
Featured Publication Partner
LIC
Licensed Agency
FL · AL · GA · TX + Additional States
FL · AL · GA · TX + Additional States
Institutional Control Framework
Key Risks & Funded Mitigations
HealthCred operates in a regulated environment. Each risk below has been identified, assessed, and addressed with a funded, operational mitigation. These are not theoretical responses — the capital raised funds each of them directly.
Mitigations are directly funded via Use of Proceeds pillars (QA, compliance, training standardization, distribution control). This is not a list of future intentions — these are funded operational positions.
Deal Terms
$5M Bridge Round — Investor Structure
$500K minimum. Bridge investors come in first — and because of that, they earn the most. The participation rate floats: whoever is in the round earns a pro-rata share of the full 18% pool based on their position in the capital stack. As additional capital fills toward the $25M total close, the aggregate rate pools proportionally — but bridge investors' economics are locked from day one. No equity is transferred. Chad R. LaBoy retains 100% ownership and governance.
Structure Summary
Non-equity contractual instruments only — Revenue Participation + Profit Rights + Exit Participation. No board seats. No voting rights. No cap table dilution.
Instrument 1
Revenue Participation
Floating pro-rata share of the 18% AGC pool. Bridge investors receive the full pool rate while leading the round — rate adjusts downward proportionally as additional capital fills toward $25M. Steps to 5% after full $25M capital return. Capped at 3× invested capital.
PAID QUARTERLY FROM
Carrier commission revenue
Instrument 2
Profit Rights
Contractual right to a percentage of HealthCred's net profits, derived exclusively from the insurance enrollment business. Runs concurrently with revenue participation — not a substitute. Pro-rata by investment size. Sits outside the 3× revenue cap.
PAID FROM
Net operating income
Instrument 3
Exit Participation
Contractual right to a percentage of transaction proceeds upon any change-of-control, strategic acquisition, or liquidity event. Additive to revenue distributions and profit rights — not a replacement. Protects investors in any exit scenario regardless of revenue distributions received.
TRIGGERED BY
Acquisition or liquidity event
How the Floating Rate Works — Revenue Participation Pool (Illustrative)
| Capital in Round | Pool Rate (AGC) | $500K Investor Share | $1M Investor Share | $5M Investor Share | Stage |
|---|---|---|---|---|---|
| $500K (1 investor) | 18.0% | 18.0% | — | — | Bridge Open |
| $1M (2 investors) | 18.0% | 9.0% (pro-rata) | 18.0% (pro-rata) | — | Bridge Filling |
| $5M (bridge full) | 18.0% | 4.5% (pro-rata) | 9.0% (pro-rata) | 18.0% (pro-rata) | Bridge Full |
| $8M (partial inst.) | 18.0% | 1.1% (pro-rata) | 2.3% (pro-rata) | 4.5% (pro-rata) | Inst. Ramp |
| $25M (fully raised) | 18.0% | 0.6% (pro-rata) | 1.2% (pro-rata) | 2.4% (pro-rata) | Full Round |
| After $25M returned | 5.0% | Pro-rata allocation continues at reduced rate until 3× cap per investor | Post-Return | ||
All figures illustrative. Pro-rata share = (investor capital ÷ total capital in round) × pool rate. Pool rate remains fixed at 18% until $25M fully returned; individual allocations scale with capital position.
Complete Term Sheet Summary
| Bridge Round | $5,000,000 — closes first, deploys immediately |
| Institutional Follow | $25,000,000 — growth capital, subject to final documentation and investor qualification. |
| Total Raise | $30,000,000 (bridge + growth capital) |
| Minimum Investment | $500,000 minimum |
| Investor Type | Accredited Investors Only (SEC Rule 501) |
| Equity Transfer | None. Chad R. LaBoy retains 100% ownership and governance. No board seats, no voting rights, no cap table dilution. |
| Instrument 1 — Revenue Participation | Floating pro-rata share of 18% AGC pool. Individual rate = (your capital ÷ total capital) × 18%. Steps to 5% after $25M returned. Capped at 3× per investor. |
| Instrument 2 — Profit Rights | Contractual % of net profits from insurance enrollment operations. Pro-rata by investment size. Runs concurrently with revenue participation. Outside revenue cap. |
| Instrument 3 — Exit Participation | Contractual % of transaction proceeds in any acquisition or liquidity event. Additive to distributions received — not a substitute. Protects investors at exit regardless of revenue distributions to date. |
| Revenue Return Cap | 3× invested capital per investor (e.g., $500K → $1.5M cap on revenue participation) |
| Distributions | Quarterly, from existing carrier commission revenue |
| Adjusted Gross Commission | All carrier payments actually received — including monthly PMPM commissions and carrier production bonuses (e.g., Open Enrollment Period bonuses of $50–$100 per qualifying member) — less the $5 PMPM operating reserve. AGC is not a fixed or guaranteed amount; it varies by carrier, state, plan type, and policy year. Carrier AOR transfers may interrupt individual-level commissions. Investor distributions reflect actual AGC received each quarter, inclusive of any bonus payments received during that period. |
| Expected Close | Q2/Q3 2026 — coordinated with institutional lead |
| NDA Required | Yes — executed via DocuSign prior to full term sheet |
| Securities Exemption | Regulation D, Rule 506(c) |
| Governing Law | State of Florida |
Why This Structure Works
First in, best rate — Bridge investors lock in the highest participation rate in the round. The earlier you commit, the larger your share of the 18% pool relative to capital deployed.
Three layers of return — Revenue participation + profit rights + exit participation. Each layer is contractual, independent, and additive. No equity required to access all three.
Quarterly cash from day one — Revenue participation pays from existing carrier commissions. Not contingent on a future event or exit. Real cash, real schedule.
Clean exit for everyone — 3× revenue cap plus separate exit participation means a clean cap table at acquisition. Structured to avoid impairing PE or strategic acquisition pathways.
No license, no operations — Investors receive economic rights only. No insurance activity, no agent role, no regulatory exposure. HealthCred holds all licenses (Agency #L126346; NPN #21206431).
$500K Investment — Illustrative Return Profile
$1.5M
3× Revenue Cap
+
Profit Rights
+
Exit Participation
3×+
Total Return Potential
Illustrative only. Not a guarantee of return. Revenue participation capped at 3× ($1.5M on $500K invested). Profit rights and exit participation are additive and uncapped by the revenue cap. Actual returns depend on revenue, profitability, and exit conditions.
Next Steps
Qualified investors will receive a full term sheet and financial package upon NDA execution. Investor qualification is subject to accredited investor verification.
1.
Execute NDA (complete)
✓
2.
Receive full term sheet & financials
3.
Accredited investor verification
4.
Commitment & funding
Contact
Chad R. LaBoy
President & Founder, HealthCred Care LLC
chad@healthcred.com
Direct: +1 (949) 866-3839
Office: +1 (877) 390-4049 Ext 101
President & Founder, HealthCred Care LLC
chad@healthcred.com
Direct: +1 (949) 866-3839
Office: +1 (877) 390-4049 Ext 101
Ready to Move Forward?
Make Your Move.
Express Your Interest.
Select your intended investment level and reach out directly. Chad will respond within one business day. Full term sheet and financial package delivered upon receipt of your message.
HealthCred Capital Journey
✓ Funded
$1.3M
Friends & Family
Founders, operators, early believers. No meaningful debt. Model proven across FL, GA & AL.
→
⬤ Open Now
$5M
Bridge Round
$500K minimum. Funds the operational window while the institutional round closes.
→
Growth Capital · $25M Round
$25M
Institutional PE Round
Growth capital for TX expansion, revenue teams & tech infrastructure. Lead or anchor positions available.
Total capital at close: $1.3M (F&F) + $5M (Bridge) + $25M (Growth) = $31.3M
Select Your Investment Level
Bridge Round — $5M
Growth Capital Round — $25M Institutional Round
Bridge Round Status
$500K position
Available
$1M position
Available
$1.5M position
Available
$5M position (sole investor)
Available
$500K minimum. Round closes when $5M is committed. Investors seeking $10M–$25M exposure can express interest in the institutional PE round directly — Chad will discuss structure and terms in a one-on-one conversation.
What Happens Next
1
Submit your interest — Chad responds within 1 business day
2
Receive full term sheet, financial model, and investor data package
3
Accredited investor verification (SEC Rule 501)
4
Contribution agreement executed and funds wired to close
C
IMPORTANT LEGAL NOTICE — PLEASE READ CAREFULLY
This investor portal and its contents are furnished on a confidential basis solely to a limited number of verified accredited investors (as defined under Rule 501 of Regulation D promulgated under the Securities Act of 1933, as amended) for informational purposes only and do not constitute an offer to sell or the solicitation of any offer to enter into a Contribution Agreement or acquire any other security. Any such offer will be made only by means of definitive offering documents, including a Contribution Agreement and related subscription documentation, and only in jurisdictions in which such solicitation is lawfully permitted.
This portal has been prepared in connection with a proposed private placement of Profits Interests in HealthCred Care, LLC, a Delaware limited liability company (the "Company"), pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended, and Regulation D promulgated thereunder, specifically Rule 506(c). The Company is offering a contractual Profits Interest — a right to receive a percentage of net income derived exclusively from the Company's insurance enrollment business — to verified accredited investors only. The Profits Interest does not confer voting rights, ownership of Company assets, or rights to proceeds from any sale of the Company except as expressly provided in the definitive Contribution Agreement. Minimum investment is $500,000. By accessing this portal, you represent and warrant that you are an accredited investor as defined under Rule 501(a) of Regulation D and that you have been independently verified as such.
A Profits Interest in a limited liability company is an illiquid investment. There is no public market for the Company's Profits Interests, and none is expected to develop. Investors may not be able to liquidate their investment and should be prepared to hold their Profits Interest for an indefinite period. An investment in the Company involves a high degree of risk, including the potential loss of the entire amount invested.
Important — No Insurance License Required: Investors in this offering do not sell insurance, act as insurance agents or brokers, or earn commissions. No insurance license is required to participate. HealthCred Care, LLC operates through its own licensed agents (Agency License #L126346; NPN #21206431) who generate enrollment revenue. Investors receive a contractual share of the Company's net income only — they have no role in, and bear no regulatory responsibility for, any insurance activity conducted by the Company.
Carrier Commissions — Variability and AOR Risk: Insurance carrier commission rates are set independently by each carrier, vary by state, plan type, and enrollee age band, and are subject to change at each carrier's annual discretion. HealthCred does not set, guarantee, or control carrier commission rates. All per-member-per-month (PMPM) figures presented in this portal are illustrative averages based on historical verified payment data and do not represent guaranteed future revenue. Additionally, enrolled individuals retain the legal right to transfer their Agent of Record (AOR) designation to a different agent at any time, which would terminate HealthCred's commission on that individual. While CMS implemented enhanced AOR safeguards effective July 2024 — requiring a documented three-way consent process for any AOR change — HealthCred cannot prevent a consumer from lawfully exercising this right. Investor distributions are based on actual Adjusted Gross Commission received each quarter and will fluctuate with carrier payment activity, AOR changes, enrollment persistence, and market conditions. No minimum distribution amount is guaranteed.
Growth Capital — No Guarantee of Future Raise: This portal references a $30M total capital target inclusive of this $5M bridge round. References to future growth capital tranches do not constitute a binding commitment, signed term sheet, or guarantee that additional capital will be raised at any stated amount, timeline, or from any specific source. Bridge investors should evaluate this investment solely on the standalone merits of HealthCred Care, LLC. All timelines are estimates only and are subject to final documentation, due diligence, and closing conditions outside the Company's sole control.
The information contained herein includes forward-looking statements that involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied. Financial projections, return scenarios, exit valuations, and operational targets presented herein are illustrative only and are not guarantees of future performance. Past performance is not indicative of future results. This communication does not constitute investment, legal, or tax advice. Prospective investors should conduct their own independent due diligence and consult with their own legal, tax, and financial advisors before making any investment decision.
HealthCred Care LLC | Fort Lauderdale, Florida | chad@healthcred.com | (877) 390-4049
www.healthcred.com
© 2026 HealthCred Care LLC. All Rights Reserved. Confidential — Do Not Distribute.
This investor portal and its contents are furnished on a confidential basis solely to a limited number of verified accredited investors (as defined under Rule 501 of Regulation D promulgated under the Securities Act of 1933, as amended) for informational purposes only and do not constitute an offer to sell or the solicitation of any offer to enter into a Contribution Agreement or acquire any other security. Any such offer will be made only by means of definitive offering documents, including a Contribution Agreement and related subscription documentation, and only in jurisdictions in which such solicitation is lawfully permitted.
This portal has been prepared in connection with a proposed private placement of Profits Interests in HealthCred Care, LLC, a Delaware limited liability company (the "Company"), pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended, and Regulation D promulgated thereunder, specifically Rule 506(c). The Company is offering a contractual Profits Interest — a right to receive a percentage of net income derived exclusively from the Company's insurance enrollment business — to verified accredited investors only. The Profits Interest does not confer voting rights, ownership of Company assets, or rights to proceeds from any sale of the Company except as expressly provided in the definitive Contribution Agreement. Minimum investment is $500,000. By accessing this portal, you represent and warrant that you are an accredited investor as defined under Rule 501(a) of Regulation D and that you have been independently verified as such.
A Profits Interest in a limited liability company is an illiquid investment. There is no public market for the Company's Profits Interests, and none is expected to develop. Investors may not be able to liquidate their investment and should be prepared to hold their Profits Interest for an indefinite period. An investment in the Company involves a high degree of risk, including the potential loss of the entire amount invested.
Important — No Insurance License Required: Investors in this offering do not sell insurance, act as insurance agents or brokers, or earn commissions. No insurance license is required to participate. HealthCred Care, LLC operates through its own licensed agents (Agency License #L126346; NPN #21206431) who generate enrollment revenue. Investors receive a contractual share of the Company's net income only — they have no role in, and bear no regulatory responsibility for, any insurance activity conducted by the Company.
Carrier Commissions — Variability and AOR Risk: Insurance carrier commission rates are set independently by each carrier, vary by state, plan type, and enrollee age band, and are subject to change at each carrier's annual discretion. HealthCred does not set, guarantee, or control carrier commission rates. All per-member-per-month (PMPM) figures presented in this portal are illustrative averages based on historical verified payment data and do not represent guaranteed future revenue. Additionally, enrolled individuals retain the legal right to transfer their Agent of Record (AOR) designation to a different agent at any time, which would terminate HealthCred's commission on that individual. While CMS implemented enhanced AOR safeguards effective July 2024 — requiring a documented three-way consent process for any AOR change — HealthCred cannot prevent a consumer from lawfully exercising this right. Investor distributions are based on actual Adjusted Gross Commission received each quarter and will fluctuate with carrier payment activity, AOR changes, enrollment persistence, and market conditions. No minimum distribution amount is guaranteed.
Growth Capital — No Guarantee of Future Raise: This portal references a $30M total capital target inclusive of this $5M bridge round. References to future growth capital tranches do not constitute a binding commitment, signed term sheet, or guarantee that additional capital will be raised at any stated amount, timeline, or from any specific source. Bridge investors should evaluate this investment solely on the standalone merits of HealthCred Care, LLC. All timelines are estimates only and are subject to final documentation, due diligence, and closing conditions outside the Company's sole control.
The information contained herein includes forward-looking statements that involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied. Financial projections, return scenarios, exit valuations, and operational targets presented herein are illustrative only and are not guarantees of future performance. Past performance is not indicative of future results. This communication does not constitute investment, legal, or tax advice. Prospective investors should conduct their own independent due diligence and consult with their own legal, tax, and financial advisors before making any investment decision.
HealthCred Care LLC | Fort Lauderdale, Florida | chad@healthcred.com | (877) 390-4049
www.healthcred.com
© 2026 HealthCred Care LLC. All Rights Reserved. Confidential — Do Not Distribute.