• Capstone completed due diligence for a private equity firm that was considering an investment in a U.S. employee benefit broker with significant exposure to the Affordable Care Act and state-based health insurance regulations.


  • We spoke with numerous policymakers and stakeholders involved in the health insurance space, including:
  • Congressional staff;
  • Lobbying organizations;
  • Trade groups;
  • Consumer advocates; and
  • Staffers to senior members of the U.S. Senate and House of Representatives, several of whom were sponsors of bills to alter health insurance tax policy, employer health reporting requirements and similar legislation.


  • We concluded that while the company faced moderate policy-driven risks, the company was likely to be presented with several policy-driven opportunities that would offset the risks.
- Capstone LLC -

Washington DC

-Capstone Research Limited-