Quantum Health, a health care navigation and care coordination company, announced a significant investment from Warburg Pincus, a private equity firm focused on growth investing. Great Hill Partners, which invested in Quantum Health in 2017 and is the company’s current majority shareholder, will retain a significant stake. This investment will further accelerate Quantum Health’s investment in its technology platform and service delivery capabilities, as the company continues to provide services to its growing customer base of self-insured employers.
Driven by its proprietary Real Time Intercept model, Quantum Health’s guided experience engages members and health care provider organizations early in the health care journey, reducing complexity and costs for members and resulting in significant cost savings for employers. The company offers a simplified health care experience to more than 1.7 million plan participants across more than 400 employers. Member experience is central to Quantum Health, as evidenced by the company’s industry-leading Net Promoter Score (NPS) of 76.
Kara Trott will remain chair of the Board of Directors. TJ Carella and Andrew Park will join the Board along with current Directors Mark Taber and Rafael Cofiño. William Blair acted as exclusive financial advisor to Quantum Health. Goodwin Procter provided legal advice to the company and Kirkland & Ellis advised Warburg Pincus. Financial terms of the transaction were not disclosed.
Quantum Health was born out of the belief that navigating the consumer health care journey should be easier and more affordable. Their mission is to provide a guided experience that reduces the complexity and cost of health care for their members and the medical professionals who care for them.
Great Hill Partners is a Boston-based private equity firm targeting investments of $25 million to $500 million in high-growth companies across the consumer, digital infrastructure, financial technology, health care, and software sectors. Over the past two decades, Great Hill has raised nearly $8 billion of commitments and invested in more than 75 companies, establishing a track record of building long-term partnerships with entrepreneurs and providing resources to help middle-market companies scale.
Warburg Pincus, LLC is a private equity firm focused on growth investing. The firm has more than $56 billion in private equity assets under management. The firm’s active portfolio of more than 190 companies is diverse by stage, sector, and geography. Warburg Pincus is a partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $86 billion in over 910 companies in more than 40 countries.
This was reported by Quantum Health on November 20, 2020.
Contact information: Cynthia Henry, Senior Vice President, Marketing, Quantum Health, 7450 Huntington Park Drive, Suite 100, Columbus, Ohio 43235; 800-257-2038; Email: Cynthia.Henry@quantum-health.com; Website: http://www.Quantum-Health.com
Contact information: Kerrie Cohen, Head of Communications, Warburg Pincus, 450 Lexington Avenue, New York, NY 10017; 917-887-9184; Email: Kerrie.firstname.lastname@example.org; Website: www.warburgpincus.com
Contact information: Eddie de Sciora, Senior Account Supervisor, Stanton on behalf of Great Hill Partners, 200 Clarendon St, 29th Floor, Boston, Massachusetts 02116; 646-502-3538; Email: email@example.com; Website: www.greathillpartners.com