Council Capital has announced an investment in Allegiant Managed Care.

Allegiant, founded in 1992 and based in Pittsburgh, Pennsylvania, provides vocational and nurse case management services to insurance carriers and third-party administrators across 20 states east of the Mississippi. 

Council Capital, based in Nashville, Tennessee, focuses exclusively on lower middle market healthcare companies. Founded in 2000, the firm pursues majority and minority investments in companies with revenues generally between $5 million and $50 million.

Terms of the investment were not disclosed.