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H.I.G. Capital Completes Strategic Investment into eHealth

May 17, 2021, 06:00 AM
Filed Under: Private Equity News

H.I.G. Capital completed a $225 million strategic minority investment into eHealth in the form of convertible preferred stock.

Headquartered in Santa Clara, CA, eHealth operates a leading online marketplace offering consumers a broad choice of insurance products that includes thousands of Medicare Advantage, Medicare Supplement, Medicare Part D plans, individual and family health insurance, small business insurance and ancillary health insurance products from over 180 health insurance carriers.

Scott Flanders, Chief Executive Officer of eHealth commented, “We are excited to team up with H.I.G. as we grow scale and market share by helping millions of Americans shop, compare, and manage their health insurance. With this investment, we will take immediate steps to build on our strong foundation and fast-track our strategic plans.”

“We have long respected eHealth for its best-in-class technology and proven track record of growth,” said Aaron Tolson, Managing Director at H.I.G. “The work Scott and the eHealth management team are doing to help customers find health insurance plans that are best suited to their needs has never been more important. We are excited to join the Company to help drive continued growth.”

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