Announced
Completed
Financials
Tags
Friendly
Health Care Services
Majority
United States
Acquisition
medicare solutions
health care plans
Private
Single Bidder
Private Equity
Completed
Synopsis
Newlight Partners, a private investment firm, completed the investment in Zing Health, a physician-led Medicare Advantage HMO plan designed for Medicare-eligible beneficiaries. Financial terms were not disclosed. "Zing Health is a doctor-founded, mission-driven health plan focused on serving vulnerable populations who rely heavily on Medicare. Amid the current Covid-19 pandemic environment, where seniors find themselves most at risk, Zing Health’s mission is more important than ever. We anticipate investing up to $150m and we look forward to partnering with Eric and his experienced team to further the reach of Zing Health at this critical time," Srdjan Vukovic, Newlight Partner.
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