Director of Corporate Development, Hippocratic AI
More information about location
Office located in Menlo Park, CA
Large Language Model for healthcare
Posted today
Large Language Model for healthcare
201-500 employees
Posted today
More information about location
Office located in Menlo Park, CA
201-500 employees
Company mission
To close the growing shortage of healthcare workers worldwide.
Role
Who you are
- 5+ years in PE, investment banking, or corporate development with multiple closed transactions; strong financial modeling, underwriting, and comfort with debt structures
- Deep healthcare services knowledge and working understanding of HIPAA/BAA; familiarity with contact centers, clinical operations, or related verticals
- Ability to build investment theses that connect market opportunity, strategic fit, and value creation; strong business case development
- Excellent executive communication and stakeholder management; ability to influence across finance, legal, operations, and external advisors
- Strategic thinking on M&A strategy, integration, and synergy realization; comfort with deal complexity and ambiguity
- 5+ years in private equity, independent sponsor, investment banking, or corporate development with multiple closed transactions
- Strong financial modeling and underwriting skills; comfort with debt financing and definitive documents
- Healthcare services familiarity and working knowledge of HIPAA/BAA constructs; contact center exposure a plus
- BS/BA degree required
Desirable
- Prior exposure to contact centers or outsourced clinical operations (triage, patient access, scheduling)
- Network among lower-middle-market sponsors, bankers, and lenders in healthcare services
- Experience with TSAs, carve-outs, and cross-border tuck-ins
- Familiarity with AI/automation in service operations (QA, WFM, routing, agent assist)
What the job involves
- You are a strategic dealmaker who builds Hippocratic AI's next growth chapter through acquisitions and partnerships
- As Director of Corporate Development, you source, evaluate, and execute deals that expand our healthcare platform—from patient access and triage to scheduling and after-hours services
- You'll develop investment theses, lead cross-functional diligence, and drive integration that unlocks synergies and accelerates our market position
- This role combines dealmaking rigor with strategic vision, where your judgment on target selection and execution directly shapes Hippocratic AI's growth trajectory in healthcare services
- Strategic Growth Through M&A: Closed acquisitions that expand HAI's healthcare services footprint; deals deliver on synergy cases and financial projections
- Robust Deal Process & Risk Management: Diligence processes identify risks early; integration plans are executed; post-close KPIs tracked and value-creation levers managed
- Synergy Realization: Revenue expansion, cost optimization, and operational improvements realized post-close; financial and operational KPIs meet or exceed plan
- Relationship & Deal Flow: Active pipeline maintained; sourced deals reflect market intelligence and strategic priorities; external advisors, lenders, and sponsors actively support execution
- Organizational Learning & Capability: Each deal builds playbook and institutional knowledge; diligence templates, integration frameworks, and lessons learned documented and scaled
- Build segmented market maps and target lists across priority verticals; maintain a proactive pipeline and CRM
- Develop investment theses and business cases (market sizing, positioning, synergy logic, execution risks)
- Lead cross-functional diligence (commercial, financial, legal, HR, tech/security, and—where applicable—clinical ops)
- Own models and investment materials: LBO/roll-up cases, purchase price bridge with WC peg & debt-like items, sources & uses tie-out, synergy cases/ramps, downside scenarios, and NPV/IRR
- Partner with external advisors (QoE, legal, tax, insurance/RWI) and financing sources
- Track value-creation levers (revenue expansion, SG&A optimization, WFM, vendor consolidation) and report results
Our take
The healthcare system is under increasing pressure to improve performance and patient outcomes, while battling inefficient operations and an ongoing staff shortage. Hippocratic AI hopes to help the industry address these issues by supplying LLM-powered healthcare agents.
Hippocratic's agents can be employed in a number of scenarios, for example, follow-ups with discharged patients, health risk assessments, or pre-op chats. Rather than delivering one conversational agent, the company has specified models that deal with different conditions - just one part of its safety-focused approach.
By taking measures such as getting real nurses to assess its AI, Hippocratic solidifies this commitment to safety. And it's seen significant investments, which it's using to further fund safety tests as well as develop its product. It's partnered with EUCALIA to bring generative AI to Japan and is expanding its life sciences executive team, putting the company on a good growth trajectory.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 6 rounds)
Nov 2025
$126m
SERIES C
Jan 2025
$141m
SERIES B
Total funding: $402m
Company HQ
Ventura, Palo Alto, CA
Leadership
Munjal Shah
(Co-Founder & CEO)Formerly CEO and Co-founder of Health IQ. Also co-founded Like.com, which was acquired by Google, and Andale Inc that was acquired by Vendio and then Alibaba.
Vishal Parikh
(Co-Founder & CPO)Co-founded Health IQ, where they worked as CTO, CRO then CPO. Founded and was a Software Architect at Motiv Power Systems.
Meenesh Bhimani MD, MHA
(Co-Founder & Chief Medical Officer)Former COO of El Camino Health. Has worked in several roles at O'Connor Hospital, most recently Hospital Executive/COO. Earned their MD at The Johns Hopkins University School of Medicine.
Subhabrata Mukherjee
(Co-Founder & Chief Scientific Officer)Was Principal Researcher at Microsoft Research (MSR) Redmond for 4 years, and before that a Machine Learning Scientist at Amazon. Earned a PhD from the Max Planck Institute for Informatics.
Alex Miller
(Co-Founder)Previously Co-founder and SVP of Engineering and Sales Operations at Health IQ. Also co-founded and was CTO at Jump Gaming.
Saad Godil
(Co-Founder & CTO)Previously spent 15 years at NVIDIA, as Director of Verification (GPU) then Director of Applied Deep Learning Research.
Kim Parikh
(Co-Founder)Former VP of Strategy and Operations at Health IQ. Also worked in High Yield and Leveraged Finance at PIMCO, and Derivatives And Leveraged Finance at Western Asset Management.
Debajyoti Datta
(Co-Founder & Director)Earned a PhD in Machine Learning from the University of Virginia. Has worked as a Machine Learning Engineer for x.ai, Research Engineer for Crossing Minds and Machine Learning Fellow at Intuition Machines.
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