HIG Capital (HIG) has completed the recapitalisation of Health Network One and its various affiliates and subsidiaries, a provider of specialty benefit management services for health insurers.
Founded in 1999, Health Network One partners with health plans to optimise care across a number of specialties, including Physical, Occupational and Speech Therapy; Dermatology; Vision and Ophthalmology; Podiatry; Gastroenterology; and Urology. Through the Company’s comprehensive network of over 10,000 providers and dedicated in-house clinical expertise, Health Network One helps deliver high quality and convenient healthcare to over five million covered lives. In addition to helping drive medical outcomes, Health Network One’s cost-effective capitated payment solution aligns incentives with key stakeholders.
“We are excited to partner with Luis Mosquera and Health Network One’s exceptional team,” says Camilo E Horvilleur, Managing Director at HIG Capital. “The Company’s track record of member and health plan growth is a testament to management’s focus on outstanding clinical quality, exceptional service, and an effective value-based care model. We will support Luis and the team to further invest in the platform, enhance the Company’s solutions and services, and accelerate growth with existing and new clients, both organically and through M&A.”
“We are enthusiastic to enter into this new chapter of growth with HIG Capital,” says Luis Mosquera, CEO of Health Network One. “Over the last two decades, we have built an outstanding business model, as evidenced by our industry leading provider network and our strategic partnerships with over 20 market leading health plan partners. This partnership with HIG will allow us to better serve our health plans and their members, while continuing to operate as a strategic partner to our dedicated provider network.”
Read more/Source: Private Equity Wire
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