US: Centerbridge nears $1.5b deal for GoHealth

Private equity firm Centerbridge  has made a significant investment in GoHealth, giving the online health insurance marketplace a major new financial backer at a time when the insurance industry is bracing for change.

Reuters reported on Sunday that Centerbridge was nearing a deal to acquire a majority stake in the business that will value it at around $1.5 billion, according to sources.

GoHealth and Centerbridge declined to comment on the exact stake size or valuation.

“Centerbridge’s significant investment, and extensive expertise in the healthcare and financial services sectors, will position GoHealth to improve its balance sheet, further invest in technology and innovation, and deepen market penetration for the benefit of our customers and the consumers they serve,” Clint Jones, co-founder and chief executive officer of GoHealth, said in a statement.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.