The Engine
Two layers of moat. Lean, embedded execution on top — and underneath, a four-stage network where brand audiences become Birch Reserve-brokered media inventory, Scale Health demand, and qualified in-person care inside Align.
“Concentration is conviction.”
Randy's model is not diversification — it's concentration. Senior strategic leadership embedded in every business, sharing one patient network, one value-creation unit, and one supplier engine. Proximity and density are the moat.
Lean
Core Operating Team
One key leader per business. Silver Birch Growth is the value creation and creative unit, alongside location partners.
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
Supply us your products/services. We sell you through our merchandising to an initial slice of our audience. Host a Scale Health hub at no cost and/or add Birch Reserve ads. Your customers join the network, so you tap ours by opting in yours. Scale Health brings demand (USA launching soon). Calm Joints fulfills. Align is a brick-and-mortar retail network of 80+ health and wellness businesses in Canada. Calm Joints is a 100% digital company under RDGDH (RDG Digital Holdings) in the core stack.
03
Silver Birch Growth is RDGDH's value creation and creative unit. It started as a go-to-market strategy and execution brand for growth companies, then applied its sales models to Scale Health, Calm Joints and Birch Reserve.
04
Internally we compound for the long term — no fund clock, no forced exits, no LP timeline. The businesses run on their own timelines.
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
Silver Birch Growth, Birch Reserve, Scale Health and AlignWellness are intentionally cross-moated. SBG curates relationships, Birch Reserve brokers display and CPC inventory inside Scale Health hubs, Scale routes demand, and Align fulfills in person. 100M+ customer eyeballs expected in 2027, via Scale Health — a forward plan, not current or guaranteed traffic.
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 value-creation unit, and the same supplier relationships.
Scale Health brings demand. Calm Joints fulfills. Birch Reserve brokers advertising. Align is a brick-and-mortar retail network of 80+ health and wellness businesses in Canada. Each brand that joins feeds the flywheel, and the next brand gets even more reach.
Lean, embedded execution sits on top of that flywheel: one senior leader per business, with Silver Birch Growth as the value creation and creative unit, all running on the same AI and digital tools.
“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 partner-location network — 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.
~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 profit now — not a path-to-profit story.
CHI · AlignWellness
Partner-location network · profitable, run-rate
Hims & Hers Health (HIMS)
D2C health & wellness
Privia Health (PRVA)
Care-enablement network
The Joint Corp (JYNT)
Chiropractic retail network
US Physical Therapy (USPH)
Outpatient physiotherapy group
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’s revenue-growth rate is not shown in this table. 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 counterparties under NDA.
80+ Active Partner Locations
Active AlignWellness partner retail locations across Canada — a brick-and-mortar network of health and wellness businesses. Counted at the partner-location level, not by treatment room. Up from 18 active locations at the September 2023 billing trough — the network had peaked at 40+ managed locations before being cut to five and rebuilt. Many locations offer physiotherapy on site.
Under One Million Captive Recovery Contacts
The recovery-contact base the portfolio was built from — under one million captive recovery contacts at the start. A potential future surface for Scale Health when it activates. Not a current Scale Health subscriber count or Scale traffic measure.
No 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.
Value Creation Unit
Silver Birch Growth. Started as a go-to-market strategy and execution brand for growth companies. Today it is the value creation and creative unit for the RDGDH portfolio. Its sales models run on Scale Health, Calm Joints and Birch Reserve, the automated ad-buying brokerage in the mix.
Sub-5% Core Churn
Annualized churn of the elite tier of AlignWellness contracted partner locations, measured trailing twelve months. Excludes locations exited in the 2023–2024 cleanup.
69.3% Location CAGR
Compound annual growth rate of active AlignWellness partner-location count from the September 2023 billing trough (18 active locations) through the current operating count of 80+ partner locations, under Clairvoyant Holdings.
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.