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New Deal


Announced

Completed

Fortress Investment Group completed a $100m investment in Covered Care.

Financials

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Transaction Value£75m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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healthcare financing solutions

FinTech

Friendly

Private Equity

Acquisition

Completed

Private

United States

Minority

Single Bidder

financial technology

Domestic

Synopsis

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Fortress Investment Group, a highly-diversified global investment manager, completed a $100m investment in Covered Care, a healthcare financing solutions provider. "Covered was founded by seasoned industry veterans who have a proven history of building successful, high-growth businesses serving underserved Americans. We have been impressed with Covered Care’s unique offering and we are very pleased to support their mission of increasing access to affordable credit at a time of urgent demand," Dominick Ruggiero, Fortress Investment Group Managing Director.

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