Director of Corporate Development

Posted Yesterday
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Menlo Park, CA, USA
In-Office
Senior level
Artificial Intelligence • Healthtech
The Role
Lead Hippocratic AI’s corporate development strategy by sourcing acquisition targets, developing investment theses, building financial models, and managing cross-functional diligence through deal close. Drive integration, synergy realization, KPI tracking, and value creation across healthcare services acquisitions. Build relationships with founders, sponsors, bankers, lenders, and external advisors while maintaining a proactive deal pipeline.
Summary Generated by Built In

About The Role

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.

What Success Looks Like

  • Strategic Deal Pipeline: You build segmented market maps and maintain a proactive pipeline of acquisition targets; deals align with corporate strategy and have clear synergy potential

  • Disciplined Diligence & Underwriting: Every deal is rigorously evaluated with sound financial models, clear investment theses, and identified risks; you synthesize diligence across commercial, financial, legal, and operational dimensions

  • Successful Deal Execution: You drive deals from initial interest through close; complex processes move smoothly with clear workstreams, managed stakeholders, and resolved issues

  • Value Creation & Integration: Acquisitions deliver projected synergies; integration plans are pragmatic and executed; KPI dashboards track post-close performance against plan

  • Relationship & Network Leverage: Founders, bankers, PE funds, and lenders know you; relationships generate deal flow and support successful execution

Core Competencies

  • 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

Outcomes You'll Deliver

  • 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

What You'll Do

  • 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.

What You Bring

Must-Have:

  • 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.

Nice-to-Have:

  • Prior exposure to contact centers or outsourced clinical operations (triage, patient access, scheduling).

  • Experience with TSAs, carve-outs, and cross-border tuck-ins.

  • Familiarity with AI/automation in service operations (QA, WFM, routing, agent assist). ● Network among lower-middle-market sponsors, bankers, and lenders in healthcare services.

Compensation & Location

  • Periodic travel for sourcing, diligence, and integration (≈30–40%).

  • Relocation assistance available for the right candidate.

Why Join Our Team

  • Reinvent healthcare with AI that puts safety first. We’re building the world’s first healthcare‑only, safety‑focused LLM — a breakthrough platform designed to transform patient outcomes at a global scale. This is category creation.

  • Work with the people shaping the future. Hippocratic AI was co-founded by CEO Munjal Shah and a team of physicians, hospital leaders, AI pioneers, and researchers from institutions like El Camino Health, Johns Hopkins, Washington University in St. Louis, Stanford, Google, Meta, Microsoft, and NVIDIA.

  • Backed by the world’s leading healthcare and AI investors. We recently raised a $126M Series C at a $3.5B valuation, led by Avenir Growth, bringing total funding to $404M with participation from CapitalG, General Catalyst, a16z, Kleiner Perkins, Premji Invest, UHS, Cincinnati Children’s, WellSpan Health, John Doerr, Rick Klausner, and others.

  • Build alongside the best in healthcare and AI. Join experts who’ve spent their careers improving care, advancing science, and building world‑changing technologies — ensuring our platform is powerful, trusted, and truly transformative.

Why Join Hippocratic AI

Reinvent healthcare with AI that puts safety first. We’re building the world’s first healthcare‑only, safety‑focused LLM — a breakthrough platform designed to transform patient outcomes at a global scale. This is category creation.

Work with the people shaping the future. Hippocratic AI was co‑founded by CEO Munjal Shah and a team of physicians, hospital leaders, AI pioneers, and researchers from institutions like El Camino Health, Johns Hopkins, Washington University in St. Louis, Stanford, Google, Meta, Microsoft, and NVIDIA.

Backed by the world’s leading healthcare and AI investors. We recently raised a $126M Series C at a $3.5B valuation, led by Avenir Growth, bringing total funding to $404M with participation from CapitalG, General Catalyst, a16z, Kleiner Perkins, Premji Invest, UHS, Cincinnati Children’s, WellSpan Health, John Doerr, Rick Klausner, and others.

Build alongside the best in healthcare and AI. Join experts who’ve spent their careers improving care, advancing science, and building world‑changing technologies — ensuring our platform is powerful, trusted, and truly transformative.

Equal Opportunity

Hippocratic AI is an equal opportunity employer. We do not discriminate on the basis of race, color, religion, national origin, sex, age, disability, sexual orientation, gender identity or expression, genetic information, military or veteran status, or any other characteristic protected by applicable law. We are committed to building a team that reflects the patients we serve. We actively encourage applications from candidates of all backgrounds. If you require accommodations during the hiring process, please contact [email protected].

Please be aware of recruitment scams impersonating Hippocratic AI. All recruiting communication will come from @hippocraticai.com email addresses. We will never request payment or sensitive personal information during the hiring process.

Skills Required

  • 5+ years of experience in private equity, independent sponsorship, investment banking, or corporate development
  • Multiple closed transactions
  • Strong financial modeling and underwriting skills
  • Experience with debt financing and definitive transaction documents
  • Healthcare services familiarity
  • Working knowledge of HIPAA and BAA constructs
  • Bachelor of Science or Bachelor of Arts degree
  • Prior exposure to contact centers or outsourced clinical operations
  • Experience with TSAs, carve-outs, and cross-border tuck-in acquisitions
  • Familiarity with AI or automation in service operations, including QA, WFM, routing, or agent assist
  • Network among lower-middle-market healthcare services sponsors, bankers, and lenders
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The Company
HQ: Palo Alto, California
97 Employees
Year Founded: 2023

What We Do

Hippocratic AI’s mission is to develop the first safety-focused Large Language Model (LLM) for healthcare. The company believes that a safe LLM can dramatically improve healthcare accessibility and health outcomes in the world by bringing deep healthcare expertise to every human. No other technology has the potential to have this level of global impact on health. The company was co-founded by CEO Munjal Shah, alongside a group of physicians, hospital administrators, healthcare professionals, and artificial intelligence researchers from El Camino Health, Johns Hopkins, Washington University in St. Louis, Stanford, Google, Microsoft, Meta and NVIDIA. Hippocratic AI has received a total of $137 million in funding and is backed by leading investors, including General Catalyst, Andreessen Horowitz, Premji Invest, SV Angel, NVentures (Nvidia Venture Capital), and Greycroft. For more information on Hippocratic AI: www.HippocraticAI.com.

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