Centerbridge Partners, L.P. (Centerbridge), a leading multi-strategy private investment firm, announced that it has entered into a definitive agreement to make a significant investment in GoHealth, a leading provider organization of direct-to-consumer sales, marketing, and customer service solutions for health insurance provider organizations. The transaction is expected to close in the fourth quarter of 2019, subject to customary closing conditions; financial terms of the transaction were not disclosed.
Using diversified distribution channels, GoHealth efficiently connects consumers with insurance carriers in the Medicare, Individual & Family, and Small Group markets. Its online platform, enhanced by prospect generation expertise, proprietary algorithms, business analytics, and deep technology integrations, enables carriers to both lower their marketing spend and improve customer acquisition and retention. As one of the leading provider organizations of Medicare Advantage products in the direct-to-consumer channel, GoHealth is ideally positioned at the intersection of several favorable market trends.
According to Clint Jones, co-founder and chief executive officer of GoHealth, the partnership will allow the two entities to strengthen their market position as well as better serve consumers by increasing the accessibility to quality, personalized care. Additionally, according to Brandon Cruz, co-founder and president of GoHealth, the organization is looking forward to the partnership to facilitate growth within the company. GoHealth’s mission is to champion a healthier America by empowering consumers with education and choice. As a health care marketplace that provides consumers with quality coverage that meets their needs and fits their budgets, the company connects Americans to affordable insurance throughout every stage of their life.
GoHealth combines technology, data science, and deep industry expertise to match consumers with the health care policy and carrier that is best for them. The company partners with the nation’s top health insurance carriers as a trusted extension of their team, supplying them with scalable business solutions that allow them to focus on what they do best: provide health insurance.
Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines—from private equity to credit and related strategies, and real estate—in an effort to find the most attractive opportunities for our investors and business partners. The Firm was founded in 2005 and as of June 30, 2019 has approximately $27 billion in capital under management with offices in New York and London. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies to help companies achieve their operating and financial objectives.
This was reported by Business Wire on August 19, 2019.
Contact information: Centerbridge Partners, L.P., 375 Park Avenue, 11th Floor, New York, NY 10152; Website: www.centerbridge.com