Revealed: Sept. 26, 2022 at 9:00 AM EDT|Up to date: 38 minutes in the past
Transaction additional strengthens steadiness sheet and gives further funding to put money into new applied sciences that may gasoline the enlargement of GoHealth’s beneficiary-centric enrollment and engagement platform
CHICAGO, Sept. 26, 2022 /PRNewswire/ — GoHealth, Inc. (Nasdaq: GOCO), a number one medical health insurance market and Medicare-focused digital well being firm, introduced that it has closed a $50 million personal funding. The funding strategically expands GoHealth’s shareholder base, enhances its already sturdy steadiness sheet because the Firm focuses on driving sturdy money circulation within the close to time period, permits additional funding in new applied sciences and strategic initiatives, enhances its multi-payer market, and expands its Embody platform , a revolutionary technology-driven method to buying Medicare Benefit plans. By means of unmatched proprietary know-how and client insights, Embody helps enrollment and engagement all through the care administration mannequin, serving to to unravel a important want within the market and driving constructive outcomes at scale.
“We’re happy to obtain this funding from two important companions who’re refined traders,” stated Vijay Kotte, CEO of GoHealth. “As we proceed our Embody-driven enterprise transformation, this extra funding will empower us to ship greater high quality customer-service and improve the differentiated worth we convey to the market. We stay up for strengthening our multi-payer market and additional bettering our capacity to assist tens of millions of Medicare beneficiaries perceive an ever-growing vary of protection options.”
Kotte continued, “GoHealth is extending the function of the dealer past conventional enrollment by driving steady, high-quality engagement with beneficiaries and aligning incentives round retention. We’re going to market in distinctive methods, and by making medical health insurance extra accessible and simpler to know, GoHealth has established itself as a best choice for insurance coverage recommendation within the US We stay up for constructing on our place for the good thing about all our valued stakeholders.”
Extra particulars relating to the funding are included within the Firm’s Kind 8-Okay filed as we speak with the US Securities and Alternate Fee. Centerview Companions LLC served as GoHealth’s monetary advisor and Sidley Austin LLP as GoHealth’s authorized advisor in reference to the transaction.
About GoHealth, Inc.
As a number one medical health insurance market and Medicare-focused digital well being firm, GoHealth’s mission is to enhance entry to healthcare in America. Enrolling in a medical health insurance plan will be complicated for patrons, and the seemingly small variations between plans can result in important out-of-pocket prices or lack of entry to important medicines and even suppliers. GoHealth combines cutting-edge know-how, knowledge science and deep trade experience to match prospects with the healthcare coverage and service that’s proper for them. Since its inception, GoHealth has enrolled tens of millions of individuals in Medicare plans and particular person and household plans. For extra info, go to https://www.gohealth.com/.
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