The Engine
Two layers of moat. Lean, embedded execution on top — and underneath, a two-sided network where our clinic footprint pulls preferential terms from brand suppliers, and those supplier economics pull customers back into the network.
“Concentration is conviction.”
Randy's model is not diversification — it's concentration. Senior strategic leadership embedded in every business, sharing one patient network, one operator bench, and one supplier engine. Proximity and density are the moat.
Lean
Core Operating Team
One key leader per business, leveraging hundreds through SBG + clinic partners
>60%
9-Year CAGR
Internal return on invested capital since first acquisition, 2017
40+
Team & Therapists
Full and part-time employees and contractors — therapist teams plus core admin and management. Ultra-low turnover.
2017
First Acquisition
A single cheque. No fund. Just a founder's belief.
How We Operate
01
Every portfolio company has senior strategic leaders sitting inside the business — not above it. That proximity is the moat. We don't oversee from a boardroom; we build from the floor.
02
Our near one-million-patient clinic network is a magnet. Health and wellness brands give us preferential rates and display space inside our channels to reach those patients — economics no individual brand or retailer can match. That same supply then powers our digital store, and the consumer demand it generates flows back as new patient demand into the clinics. Each side makes the other side stronger.
03
The Silver Birch Growth network of 120+ senior operators is the execution engine behind every RDG company. You don't hire this bench at any price — it's been built over years.
04
Internally we compound for the long term — no fund clock, no forced exits, no LP timeline. For the credit and co-investor partners we work alongside, we structure short-horizon, well-secured tranches against proven cash flows. Same discipline; two clocks.
05
We don't chase deals. We identify specific operators, sectors, and business models where our execution advantage is decisive. Then we wait for the right moment.
06
AlignWellness, Silver Birch Growth, ScaleHealth and Reforged are intentionally cross-moated. The clinic footprint underwrites the supplier deals; the supplier deals underwrite the digital store; the digital store underwrites further patient acquisition. Shared infrastructure and a coordinated go-to-market stack no individual competitor can replicate.
Philosophy
RDG Digital Holdings Inc. was formed to house a specific type of asset: digitally-forward health and wellness businesses that share the same patient base, the same operator bench, and the same supplier relationships.
The clinic network is the gravitational centre. Its scale earns us preferential rates and shelf — physical and digital — from health and wellness brands. Those economics flow into our consumer channel, and the demand that channel generates flows back as new patient volume into the clinics.
Lean, embedded execution sits on top of that flywheel: one senior leader per business, leveraging hundreds through the Silver Birch Growth bench, all running on the same AI and digital stack.
“When you love what you do, you never stop. When you never stop, things compound. When things compound long enough — the competition stops showing up.”
AI & Digital Leverage
Every company in the portfolio is built to use AI and digital systems for maximum scalability and efficiency — not as a feature, but as the operating model itself.
No Outside Capital
We don't raise outside capital and we don't operate on artificial timelines. This gives us the luxury of patience and the clarity of conviction that PE-backed firms can never match.
Permanent Intent
We hold indefinitely. No fund lifecycle forcing exits at inopportune times. We sell when it's right for the business — not when a fund mandate requires it.
Public Comparables
Clairvoyant Holdings (CHI) — our AlignWellness clinic network — compounds roughly 60% a year and is already profitable. Yet it is carried on its NAV basis at about 11× run-rate gross profit (~3.3× revenue) — against a public peer set that trades at 10–48× EV/EBITDA while growing a fraction as fast.
~60%
Revenue growth
Fastest in the set — 2–8× the clinic and care-network peers.
~11×
Marked at gross profit
CHI's NAV basis — ~3.3× run-rate revenue, vs a set trading at 10–48× EV/EBITDA.
Profitable
On run-rate today
Real operating margin now — not a path-to-profit story.
CHI · AlignWellness
Clinic network · profitable, run-rate
Hims & Hers Health (HIMS)
D2C health & wellness
Privia Health (PRVA)
Care-enablement network
The Joint Corp (JYNT)
Chiropractic clinic network
US Physical Therapy (USPH)
Outpatient PT clinics
LifeMD (LFMD)
Virtual primary care
Public-company figures: company filings & analyst consensus, approximately Q2 2026. Peer EV/EBITDA on adjusted EBITDA; growth = FY2026E revenue year-over-year. CHI basis: ~11× run-rate gross profit (~3.3× run-rate revenue), the mark carried in CHI’s NAV model. The ~3.3× EV/Revenue is directly comparable to the peer column; the ~11× is struck on gross profit (a line above EBITDA), shown alongside the peer EV/EBITDA set for context. Comparables are shown for context only and are not a representation of CHI’s transaction value, an offer to sell or solicitation to buy securities, or investment advice.
Notes & Methodology
Every metric on this site refers to a specific operating fact inside the RDG portfolio. Below is how each is defined and measured. Underlying support is available to qualified credit partners and direct sellers under NDA.
>60% 9-Year CAGR
Compound annual growth rate of internal return on invested capital across the RDG portfolio, measured from the first operating-company acquisition (April 2017) through fiscal 2025. Calculation is on a holding-company basis, net of intercompany flows; not a fund-style IRR.
75+ Clinic Locations
Active AlignWellness partner clinic locations across Canada operating under the post-restructure managed-services model. Counted at the partner-clinic level, not by treatment room. Up from 18 locations at the 2023 low point.
1M+ Health Customers
Aggregate addressable customer base across the SBG brand alliance and AlignWellness patient roster — the surface ScaleHealth activates at public launch. Not a current ScaleHealth subscriber count.
~3× Fixed Cost Coverage
Tracking ratio of recurring contribution margin to fixed operating cost across the AlignWellness network, on a current-trajectory basis to year-end 2026. Pre-corporate-overhead, pre-tax.
$0 Outside Capital
RDG Digital Holdings has not raised institutional LP capital. Acquisitions and growth have been funded through founder cash, retained operating earnings, and conventional senior debt (BDC, bank facilities, vendor take-back). Lender relationships are not 'outside capital' for this purpose.
120+ Senior Operators
Active members of the Silver Birch Growth invite-only operator network as of the latest membership cycle. Members are senior operators from digitally-oriented brand and technology companies; access is invite-only.
Sub-5% Core Churn
Annualized churn of the elite tier of AlignWellness contracted partner clinics, measured trailing twelve months. Excludes intentionally restructured locations from the 2023–2024 cleanup.
65.7% Location CAGR
Compound annual growth rate of active AlignWellness partner-clinic count from the 2023 low point (18 locations) through current operating count (75+), under the RDG-led restructure.
Operating metrics are management-prepared and unaudited. Nothing on this page constitutes an offer to sell or solicitation to buy securities, or an offer to lend. Underlying support available to qualified counterparties under NDA.
Capital, operations, or partnership — reach out directly.