SAN FRANCISCO–(Business enterprise WIRE)–H.I.G. Cash (“H.I.G.”), a primary global substitute financial investment company with $44 billion of fairness money beneath management, is delighted to announce that an affiliate has finished a $225 million strategic minority investment into eHealth, Inc. (“eHealth” or the “Company”) in the kind of convertible most popular stock.
Headquartered in Santa Clara, CA, eHealth operates a top online marketplace offering buyers a broad preference of insurance policies solutions that features thousands of Medicare Gain, Medicare Supplement, Medicare Portion D programs, particular person and loved ones health and fitness insurance, small organization insurance plan and ancillary health coverage items from more than 180 health and fitness insurance plan carriers.
Scott Flanders, Chief Government Officer of eHealth commented, “We are energized to team up with H.I.G. as we mature scale and industry share by helping millions of People store, review, and regulate their wellness coverage. With this financial investment, we will acquire instant ways to develop on our robust basis and speedy-monitor our strategic plans.”
“We have extended highly regarded eHealth for its finest-in-class technology and tested track document of development,” explained Aaron Tolson, Running Director at H.I.G. “The get the job done Scott and the eHealth management workforce are accomplishing to aid consumers discover health and fitness insurance policies plans that are ideal suited to their desires has in no way been additional significant. We are energized to be a part of the Enterprise to assist push ongoing expansion.”
H.I.G. is an seasoned trader in the immediate-to-purchaser and healthcare industries and will leverage its sector experience and broad useful resource foundation to support progress initiatives at eHealth.
About eHealth
eHealth, Inc. (NASDAQ: EHTH) operates a foremost wellness insurance policies market at eHealth.com and eHealthMedicare.com with engineering that presents buyers with wellness coverage enrollment solutions. Due to the fact 1997, eHealth has linked far more than 8 million customers with excellent, affordable health and fitness coverage, Medicare choices, and ancillary ideas. The Company’s proprietary market offers Medicare Gain, Medicare Dietary supplement, Medicare Element D prescription drug, particular person, family members, compact enterprise and other plans from over 180 health insurance coverage carriers throughout fifty states and the District of Columbia.
About H.I.G. Funds
H.I.G. is a top world-wide personal equity and option belongings investment business with $44 billion of equity money under management.* Centered in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as effectively as worldwide affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in delivering both of those personal debt and equity cash to tiny and mid-sized firms, making use of a adaptable and operationally focused/value-added strategy. Given that its founding in 1993, H.I.G. has invested in and managed additional than 300 providers worldwide. The firm’s present portfolio includes extra than 100 providers with combined gross sales in extra of $30 billion. For additional info, you should refer to the H.I.G. site at www.higcapital.com.
* Based on complete capital commitments to cash managed by H.I.G. Money and its affiliates.
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