H.I.G. Funds Completes Strategic Financial investment into eHealth | Enterprise
3 min readSAN FRANCISCO–(Enterprise WIRE)–Could 17, 2021–
H.I.G. Funds (“H.I.G.”), a primary international different expense firm with $44 billion of fairness capital beneath administration, is happy to announce that an affiliate has accomplished a $225 million strategic minority investment decision into eHealth, Inc. (“eHealth” or the “Company”) in the variety of convertible most well-liked stock.
Headquartered in Santa Clara, CA, eHealth operates a top online market supplying customers a broad preference of insurance policies products and solutions that involves thousands of Medicare Gain, Medicare Complement, Medicare Element D ideas, individual and household overall health coverage, modest company insurance policies and ancillary wellbeing coverage merchandise from above 180 well being insurance coverage carriers.
Scott Flanders, Main Government Officer of eHealth commented, “We are thrilled to workforce up with H.I.G. as we increase scale and sector share by serving to millions of Us residents store, evaluate, and deal with their wellbeing insurance policy. With this financial investment, we will just take speedy actions to build on our robust foundation and fast-track our strategic options.”
“We have long highly regarded eHealth for its finest-in-course technological innovation and confirmed track report of advancement,” said Aaron Tolson, Managing Director at H.I.G. “The function Scott and the eHealth administration workforce are doing to aid shoppers locate well being insurance ideas that are ideal suited to their desires has under no circumstances been extra critical. We are enthusiastic to sign up for the Company to enable push ongoing growth.”
H.I.G. is an seasoned trader in the direct-to-buyer and healthcare industries and will leverage its sector know-how and broad resource foundation to assistance growth initiatives at eHealth.
eHealth, Inc. (NASDAQ: EHTH) operates a main wellbeing insurance coverage market at eHealth.com and eHealthMedicare.com with technologies that offers consumers with well being insurance policy enrollment methods. Since 1997, eHealth has connected extra than 8 million customers with good quality, affordable health and fitness insurance coverage, Medicare possibilities, and ancillary programs. The Company’s proprietary market gives Medicare Edge, Medicare Nutritional supplement, Medicare Component D prescription drug, unique, family members, small small business and other programs from about 180 wellness insurance coverage carriers throughout fifty states and the District of Columbia.
H.I.G. is a top worldwide non-public equity and alternate property investment decision firm with $44 billion of fairness funds less than administration.* Based in Miami, and with workplaces in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as very well as worldwide affiliate workplaces in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in delivering equally credit card debt and fairness money to tiny and mid-sized businesses, utilizing a flexible and operationally targeted/price-included approach. Due to the fact its founding in 1993, H.I.G. has invested in and managed additional than 300 businesses around the globe. The firm’s present-day portfolio involves more than 100 businesses with put together sales in extra of $30 billion. For a lot more facts, make sure you refer to the H.I.G. internet site at www.higcapital.com.
* Centered on total funds commitments to money managed by H.I.G. Money and its affiliates.
Key word: CALIFORNIA UNITED STATES NORTH The united states
Sector Key phrase: FINANCE World-wide-web BANKING Experienced Services Engineering
Copyright Enterprise Wire 2021.
PUB: 05/17/2021 06:00 AM/DISC: 05/17/2021 06:02 AM
Copyright Business enterprise Wire 2021.
