KHN Capital | Strategic Acquisitions

Strategic Acquisitions.
Seamless Transitions.

Building
Diversified
Business
Value

We acquire and scale profitable operating businesses across healthcare, home services, and insurance. Long-term ownership. Operational excellence. Sustainable growth.

Investment Strategy

KHN Capital focuses on disciplined acquisition of profitable, cash-flowing businesses across complementary sectors.

🏥

Healthcare

Medical practices, med spas, pharmacies, telemedicine, diagnostic centers with established patient bases.

  • Medical practices & specialty clinics
  • Med spa and aesthetic services
  • Pharmacy operations
  • Telemedicine platforms
🔧

Home Services

Owner-operator service businesses with sticky customer relationships and recurring revenue.

  • HVAC, plumbing, electrical
  • General contracting
  • Maintenance and repairs
  • Specialized trade services
📋

Insurance

Insurance agencies, brokerages with established client relationships and predictable revenue.

  • Insurance agencies & brokerages
  • Risk management services
  • Insurance-adjacent services

Value Creation Framework

Operational Excellence

Implement systems, optimize workflows, strengthen management.

Financial Discipline

Structured leverage tied to cash flow. Clear KPIs. Transparent reporting.

Management Continuity

Preserve founder involvement. Fair compensation. Career growth paths.

Long-Term Ownership

Hold 5–7+ years. Reinvest profits. Build enduring businesses.

Target Portfolio

KHN Capital is building a diversified portfolio across healthcare, home services, and insurance.

Healthcare Division

Status: Growth & Acquisition

Focus: Medical practices, med spas, pharmacies, telemedicine

Strategy: Build diversified healthcare platform

Home Services Division

Status: Active Acquisition Pipeline

Focus: HVAC, plumbing, electrical, contracting

Strategy: Regional consolidation and add-on growth

Insurance Division

Status: Sourcing & Evaluation

Focus: Insurance agencies and brokerages

Strategy: Acquire established operations with stable clients

Leadership

KHN Capital is led by experienced operators with deep expertise across healthcare, services, and insurance.

Karl Nieberlein

Karl Nieberlein

Founder & Principal Acquisitor

Karl Nieberlein is a Baltimore-based operator focused on acquiring and transitioning established, cash-flowing businesses. He brings 17+ years of pharmaceutical sales leadership at Takeda Pharmaceuticals, specializing in Type 2 diabetes and weight management markets.

In 2023, Karl founded and operationally scaled MD Weight Loss to 300+ active clients, establishing the foundation for acquisition-led growth at institutional scale.

Core Strengths

  • 17+ years pharmaceutical sales and healthcare expertise
  • Proven operator: startup execution, systems build, revenue scaling
  • Acquisition discipline: cash-flow focused, structured leverage, owner transitions
  • Relationship-driven deal sourcing across regulated environments
  • Operational focus: preserve legacy, maintain continuity, enhance value

Frequently Asked Questions

What types of businesses do you acquire? +
We acquire profitable, cash-flowing businesses across healthcare (medical practices, med spas, pharmacies, telemedicine), home services (HVAC, plumbing, electrical), and insurance (agencies, brokerages). Each must have strong management, sustainable margins, and clear operational improvement pathways.
Can I stay involved post-acquisition? +
We work with each owner to create a viable long-term plan that aligns with their personal goals. Some owners stay on in leadership roles long-term, while others prefer different involvement levels. Our approach prioritizes operational continuity, founder legacy, and building enduring value together.
How is acquisition price determined? +
We conduct comprehensive diligence on financials, metrics, customer relationships, management quality, and operational strength. Valuation is determined through detailed analysis of the business fundamentals and cash flow sustainability. We prioritize fair pricing that reflects true business value.
What's the acquisition timeline? +
Initial conversation to LOI: 3–5 weeks. Diligence to closing: 6–8 weeks. Total: 90–120 days typical. We move with purpose and maintain clear timelines throughout.
What happens to staff and customer relationships? +
Staff transitions smoothly with fair compensation and professional management. Customer relationships remain intact. We invest in people and operations, not cost-cutting. Key employees see advancement opportunities within the expanded platform.
What's your long-term ownership strategy? +
We target 5–7 year holds minimum. Reinvest profits into operations, add-ons, and management development. When we exit, our goal is to do what's best for long-term value and brand recognition—whether that's reinvesting further, finding the right operator, or another path. Every business is unique, and we're committed to meritocratic decision-making that serves the business, not financial engineering.

Get In Touch

If you're evaluating a business sale or seeking capital partnership, let's discuss how KHN Capital can create value.

For Business Sellers

Submit your business information for confidential evaluation.

[email protected]

For Lenders & Partners

Discuss capital partnerships and lending opportunities.

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KHN Capital Bot