The Private Equity team advised Pareto Health, Inc. ("ParetoHealth") and Great Hill Partners in connection with a significant investment in ParetoHealth from Warburg Pincus. Great Hill Partners, which invested in ParetoHealth in 2019, will retain an equal stake to Warburg Pincus, alongside a significant continuing investment from the current management team.
T.J. Carella and Cem Behmoaram from Warburg Pincus will join the Board along with current Directors Mark Taber and Rafael Cofiño from Great Hill and Andrew Cavenagh and Andrew Clayton (President) of ParetoHealth.
ParetoHealth forms and manages employee benefit group captives that mitigate the year-to-year volatility and risk inherent in self-insurance, thereby allowing employers to focus on reducing healthcare costs.
Founded in 1998, Great Hill Partners is a private equity firm targeting investments of $100 million to $500 million in high-growth companies across the software, digital commerce, financial technology, healthcare, and digital infrastructure sectors.
The Goodwin team was led by Stuart Rosenthal and Peter Hanoian, on corporate and M&A matters, and by Jennifer Bralower, on debt finance matters.
For additional details on the investment, please read the press release.