H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $44 billion of equity capital under management, is pleased to announce that an affiliate has completed a $225 million strategic minority investment into eHealth, Inc. (“eHealth” or the “Company”) in the form of convertible preferred stock.
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.”
Source: BUSINESS WIRE
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