Abry adds HealthEZ to its pool of healthcare service investments

By Nikita Chaurasia  | Date: 2020-07-08

Abry adds HealthEZ to its pool of healthcare service investments

Abry Partners, one of the most successful private equity investment firms in North America, has reportedly made it to the headlines for acquiring majority stake in a Minnesota-based third-party administrator of self-funded medical plans, HealthEZ.

The investment made by Abry intends to enhance services provided by HealthEZ to its marquee clients and pursue strategic acquisitions, claim reports.

For those uninitiated, HealthEZ believes in the principles of simplifying and transparent byzantine process of financing healthcare for employers, their employees, their physicians, and other support staff. The company plays a pivotal role in industrial innovations. This includes the proprietary patient payment technology and the first captive PPO network. HealthEZ is a valuable partner to employers, employees, underwriters, brokers, and healthcare providers.

As per trustworthy sources, HealthEZ particularly focuses on small and mid-sized business (SMB) employers to offer better healthcare services to the employees, controlling the costs, and enhancing the outcomes.

HealthEZ's Founder and Chairwoman and an industry luminary, Nazie Eftekhari was quoted stating that upon meeting Abry team she knew that they would be a good fit for the company, its clients, its members, and the team. She further said that Abry are a diverse and talented team, like HealthEZ, like its clients and its team, like America and Americans.

Speaking of the move, T.J. Rose, Partner of Abry said that the company was highly impressed by the business Nazie and the HealthEZ team have built and are proud to become partners in the next phase of HealthEZ's development. The HealthEZ team have done an incredible job of helping small and mid-sized businesses and they are looking forward to driving the future growth through continued investment in technology and people, added Rose.

Reportedly, HealthEZ consulted Lincoln International for the financials of the deal, while Abry Partners took advise from DLA Piper.

 

 

 

Source-

https://www.prnewswire.com/news-releases/abry-partners-acquires-healthez-301088873.html

 

About Author

Nikita Chaurasia     aeresearch.net

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More >>

More News By Nikita Chaurasia

Pacific Island pushes Japan to delay wastewater release from Fukushima

Pacific Island pushes Japan to delay wastewater release from Fukushima

By Nikita Chaurasia

Pacific Island nations have reportedly pushed Japan to postpone the release of Fukushima nuclear power plant wastewater due to concerns that it may pollute fishing grounds. An appeal was made on Wednesday when Japan announced that treated sewage f...

Activist groups take Danone to court over excessive use of plastics

Activist groups take Danone to court over excessive use of plastics

By Nikita Chaurasia

Danone, the French bottled water and yogurt firm, is reportedly being sued in court by three environmental activists’ groups for failing to cut its plastic footprint significantly. According to the groups, the maker of Evian and Volvic miner...

Bosch expands security with dashcams designed for rideshare drivers

Bosch expands security with dashcams designed for rideshare drivers

By Nikita Chaurasia

Bosch, the German technology company, has reportedly expanded its security footprint in the ridesharing market with the launch of its latest security dashcams. At CES 2023, Las Vegas, the German tech firm unveiled a new integrated smart camera on ...

Australia: PM Albanese denies potential $450M payout to Rio Tinto

Australia: PM Albanese denies potential $450M payout to Rio Tinto

By Nikita Chaurasia

Australia's Prime Minister Anthony Albanese has reportedly denied rumors that Rio Tinto and its partners could receive a $450 million settlement for the Gladstone power station, which would bring the total compensation for the coal price limit to...

UK: Firms still struggle with post-Brexit trading and red tape

UK: Firms still struggle with post-Brexit trading and red tape

By Nikita Chaurasia

Businesses in the UK are still reportedly grappling after two years following the beginning of post-Brexit trading, as suggested by a new report. According to the British Chambers of Commerce (BCC), firms are still battling increased red tape and ...