H.I.G. Cash Completes Strategic Financial commitment into eHealth | Business enterprise
3 min readSAN FRANCISCO–(Company WIRE)–May 17, 2021–
H.I.G. Funds (“H.I.G.”), a top worldwide option financial investment agency with $44 billion of equity money below management, is pleased to announce that an affiliate has concluded a $225 million strategic minority financial commitment into eHealth, Inc. (“eHealth” or the “Company”) in the type of convertible chosen stock.
Headquartered in Santa Clara, CA, eHealth operates a main on line market offering buyers a wide alternative of insurance goods that incorporates hundreds of Medicare Edge, Medicare Nutritional supplement, Medicare Element D strategies, person and loved ones health and fitness insurance policy, modest business enterprise insurance policy and ancillary well being insurance plan merchandise from in excess of 180 health and fitness insurance plan carriers.
Scott Flanders, Chief Executive Officer of eHealth commented, “We are psyched to crew up with H.I.G. as we mature scale and market share by encouraging millions of Us residents store, review, and regulate their overall health insurance plan. With this expense, we will acquire immediate techniques to create on our robust foundation and fast-observe our strategic programs.”
“We have prolonged highly regarded eHealth for its finest-in-class technological know-how and tested monitor document of development,” stated Aaron Tolson, Managing Director at H.I.G. “The perform Scott and the eHealth administration group are performing to assist shoppers find overall health insurance policy designs that are most effective suited to their desires has under no circumstances been far more significant. We are enthusiastic to be part of the Firm to enable generate ongoing development.”
H.I.G. is an skilled investor in the immediate-to-client and health care industries and will leverage its sector know-how and wide useful resource base to assist progress initiatives at eHealth.
About eHealth
eHealth, Inc. (NASDAQ: EHTH) operates a leading well being insurance policy market at eHealth.com and eHealthMedicare.com with technological innovation that gives individuals with overall health insurance plan enrollment remedies. Due to the fact 1997, eHealth has related far more than 8 million users with excellent, economical health insurance, Medicare alternatives, and ancillary ideas. The Company’s proprietary marketplace provides Medicare Benefit, Medicare Complement, Medicare Part D prescription drug, particular person, family, tiny enterprise and other ideas from about 180 wellbeing insurance plan carriers throughout fifty states and the District of Columbia.
About H.I.G. Funds
H.I.G. is a primary international non-public equity and different assets financial investment organization with $44 billion of equity cash less than management.* Based mostly in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as very well as worldwide affiliate places of work in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in offering both financial debt and equity capital to modest and mid-sized providers, employing a flexible and operationally concentrated/price-added solution. Because its founding in 1993, H.I.G. has invested in and managed additional than 300 firms all over the world. The firm’s recent portfolio incorporates a lot more than 100 companies with combined sales in surplus of $30 billion. For more information, make sure you refer to the H.I.G. web site at www.higcapital.com.
* Centered on total money commitments to funds managed by H.I.G. Money and its affiliate marketers.
View resource variation on businesswire.com:https://www.businesswire.com/news/residence/20210517005154/en/
Get hold of: Aaron Tolson
Controlling Director
Arjun Mohan
Principal
Key phrase: CALIFORNIA UNITED STATES NORTH America
Marketplace Key word: FINANCE Online BANKING Skilled Companies Technologies
Resource: H.I.G. Funds
Copyright Organization Wire 2021.
PUB: 05/17/2021 06:00 AM/DISC: 05/17/2021 06:02 AM
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