Circle Medical

circlemedical.com

+40%

est. 2Y upside i

HealthcareSeries A

Modern primary care via video and in-person

Rank

#1169

Sector

Healthcare

Est. Liquidity

~2Y

Data Quality

Data: Low

Circle Medical offers a compelling equity opportunity with a ~40% expected 2-year upside, driven by high growth and profitability.

Last updated: July 19, 2026

Bull (25%)+144%

IPO window or acquisition by WELL Health drives multiple expansion to 6x. Projected revenue $203M yields exit value $1.22B, up 143.6% from estimated $500M entry.

Base (30%)+42%

Exit multiple converges to ~3.5x, in line with public comps. Exit value $710M yields 42.1% upside. Growth and profitability support valuation.

Bear (45%)-19%

Competitive pressure from incumbents and fraud settlement compress multiple to 2x. Exit value $406M yields -18.8% return; preference stack negligible.

Est. time to liquidity~2.0 years

Preference Stack Risk

low

Funding Intensity

652%

Total preferred stock ($6.52M) is 1.3% of estimated entry valuation, minimal overhang.

Dilution Risk

low

Company is profitable and self-sustaining; no near-term fundraising expected.

Secondary Liquidity

none

No secondary market activity reported; liquidity unlikely before exit event.

Questions to Ask at the Interview

Strategic questions based on Circle Medical's data — designed to show you've done your homework.

  • 1

    How does Circle Medical plan to differentiate from incumbents like MDLive and Teladoc, given their resources?

  • 2

    What is the path to liquidity—IPO, acquisition by WELL Health, or secondary sale?

  • 3

    How does the recent fraud settlement impact the company's insurance contracts and growth trajectory?

Community

Valuation Sentiment

Our model estimates +40% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.