The transaction further strengthens its balance sheet and provides additional funding to invest in new technology that will facilitate the expansion of GoHealth’s beneficiary-centric registration and engagement platform.
Chicago, September 26, 2022 /PRNewswire/ — GoHealth, Inc. (Nasdaq: GOCO), a leading health insurance marketplace and Medicare-focused digital health company, has $50 million private investment. This funding strategically expands GoHealth’s shareholder base and strengthens an already strong balance sheet as the company focuses on driving strong cash flow in the near future, as well as new technologies and strategies. enable further investment in public initiatives, strengthen the multi-payer market, and expand the Encompass platform. , is an innovative, technology-driven approach to purchasing Medicare Advantage Plans. Through unrivaled, proprietary technology and consumer insights, Encompass supports enrollment and engagement across care management models to help solve critical market needs and drive positive results at scale. increase.
“We are delighted to receive this investment from two key partners who are sophisticated investors. Vijay Kotte, CEO of GoHealth. “As we continue our Encompass-led business transformation, this additional funding will allow us to better serve our customers and enhance the differentiated value we bring to the market. We look forward to further improving , helping millions of Medicare beneficiaries understand their ever-growing range of coverage options.”
Kotte continued, “GoHealth is expanding the role of brokers beyond traditional enrollment by facilitating ongoing, high-quality engagement with beneficiaries and tailoring incentives for retention. We have uniquely entered the market to make health insurance more accessible, and GoHealth has established itself as the top choice for insurance advice in the United States, serving the interests of all of our valued stakeholders. I look forward to building on that position.”
Details regarding the investment are set forth in the Company’s Form 8-K filed today with the U.S. Securities and Exchange Commission. Centerview Partners LLC acted as financial advisor to GoHealth and Sidley Austin LLP acted as legal advisor to GoHealth in connection with this transaction.
About Go Health Co., Ltd.
A leading health insurance marketplace and Medicare-focused digital health company, GoHealth’s mission is to improve access to healthcare in America. Health insurance plan enrollment can be confusing for customers, and seemingly small differences between plans can lead to high out-of-pocket costs and lack of access to critical medicines and healthcare providers. . GoHealth combines cutting-edge technology, data science, and deep industry expertise to provide customers with personalized healthcare policies and careers. Since its inception, GoHealth has enrolled millions of people in Medicare plans, individual and family plans. For more information, please visit https://www.gohealth.com/.
Forward-Looking Statements
This release contains forward-looking statements. We believe that such forward-looking statements are subject to the safe harbor provisions relating to forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. is intended to be All statements other than statements of historical fact contained in this press release may be forward-looking statements. Statements regarding the Company’s future operating results and financial position, business strategy, and future business plans and goals include, among other things, statements regarding the Company’s expected growth, investment plans, and business transformation.
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These forward-looking statements speak only as of the date of this release and are part of the “Factors” of Risk 2021 Form 10-K and Quarterly Report on Form 10-Q for the quarter ended. the section entitled “Management’s Analysis and Analysis of Financial Condition and Results of Operations”; June 30, 2022, and other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made and, unless otherwise required by law, forward-looking statements, whether as a result of new information or not. does not undertake any obligation to publicly update or confirm the , future developments, etc. New factors arise from time to time, and it is impossible to predict which ones will occur. Furthermore, it is not possible to assess the impact that each factor may have on our business or the extent to which any factor or combination of factors could cause actual results to differ materially from those contained in the forward-looking statements.
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