Two components. Fund base plus per-company. Portfolio company count is the only variable. No tiers at the company level — every portfolio company receives full BLUE deployment at the same per-company rate. Annual commitment.
No complex fee matrix. The fund base covers GP-level infrastructure. The per-company fee activates full BLUE deployment at each acquisition. Two numbers. No tiering at the company level.
Every portfolio company receives the same deployment — 9 senior roles, 58 sub-agents — regardless of company size, specialty, or revenue. The variable is how many companies are in the portfolio, not how much infrastructure each one gets.
COBALT engagements are annual commitments. The fund base runs for the life of the fund relationship. Per-company fees are active for the duration of each portfolio company's hold period. No month-to-month ambiguity.
GP-level infrastructure that spans the entire portfolio. Active for the operating partner across every acquisition — from pre-LOI due diligence through exit close.
Full BLUE architecture activated at each portfolio company. Every company receives identical deployment — 9 senior roles and 58 specialized sub-agents running as a coordinated healthcare operating system.
A Compliance Officer, Revenue Cycle Director, and Clinical Operations Director at a single portfolio company represents $450K–$700K in annual compensation alone — before benefits, overhead, and the six months it takes to hire them. COBALT deploys all 9 roles on day one for $150K/year per company.
Healthcare compliance and revenue cycle consulting engagements at portfolio companies typically run $15K–$50K per engagement — per company, per issue. COBALT provides continuous institutional-grade coverage across compliance, revenue cycle, clinical ops, technology, and finance for $12,500/mo per company.
BLUE's revenue integrity and RCM functions typically identify 3–8% of annual revenue in underpayments, claim denials, and coding inaccuracies within the first 90 days of deployment. At a $50M revenue portfolio company, that's $1.5M–$4M in recoverable revenue — multiples of the annual COBALT fee.
Clean compliance programs, optimized revenue cycles, and documented operational infrastructure command higher EBITDA multiples at exit. Healthcare PE buyers pay a premium for platform companies that demonstrate institutional-grade operations — the same standard COBALT maintains from day one.
The fund base is an annual commitment for the fund relationship. It runs from engagement start and renews annually. The fund base covers GP-level infrastructure for the duration of the fund's active management period.
Per-company fees activate at acquisition close and deactivate at exit close. New acquisitions can be added to COBALT within 30 days of close. Exits are addressed at the next annual renewal unless the portfolio company is fully exited mid-term.
Every portfolio company receives full BLUE deployment at the same per-company rate. There are no light versions, no reduced-scope options, and no tiering by company size or revenue. Full institutional infrastructure. Every acquisition. Every time.
A one-time implementation fee applies at fund engagement start. Implementation covers fund onboarding, GP infrastructure configuration, first portfolio company deployment, and BAA execution. Per-company add-ons are activations, not new implementations — they deploy in 2–3 weeks.
Tell us about your fund — portfolio company count, sector focus within healthcare, current ops infrastructure. We'll confirm the structure and get engagement terms moving.
All pricing is subject to formal engagement terms and annual commitment. Fund base and per-company pricing shown represents standard COBALT engagement structure. Implementation fees are additional and scoped at engagement start. Per-company fees are active for the duration of each portfolio company's hold period. CYPHR COBALT is a division of CYPHR Group. Engagements are subject to CYPHR standard terms of service including mutual NDA and business associate agreement (BAA) for applicable healthcare engagements.