Great Hill Partners has invested in Quantum Health Inc through a recapitalization. Financial terms weren’t announced. Quantum, of Columbus, Ohio, is a patient-care-coordination provider backed by GE Ventures and Altaris. News of the auction was reported by Buyouts in March.
COLUMBUS, Ohio, June 14, 2017 /PRNewswire/ — Quantum Health, Inc., the market leader in consumer navigation and care coordination, announced today the successful recapitalization of existing shareholders with Great Hill Partners as its new financial sponsor.
“This recapitalization is very exciting news for Quantum Health, our clients and our partners. We believe that Great Hill will be an exceptional partner for us. They are committed to the mission of Quantum Health and appreciate the importance of our culture and how it drives our results. They have experience helping companies that are growing exponentially and are strongly supportive of our strategic direction,” said Kara Trott, Founder and CEO of Quantum Health.
This partnership will accelerate existing initiatives to further Quantum Health’s growth and innovation in helping consumers navigate their unchosen healthcare journey, resulting in better health outcomes and cost savings for large self-insured employers and their plan members.
Under this agreement, the existing Quantum Health management team remains a substantial shareholder and will continue to lead the company moving forward.
“We are excited to partner with Kara Trott and the entire Quantum team to help the company continue its strong growth trajectory,” said Mark Taber, a Managing Partner with Great Hill Partners. “Quantum’s healthcare navigation solutions allow employers to simultaneously address two of their primary goals: employee satisfaction and managing costs in a world of ever rising healthcare expenditures. We have been impressed by Quantum’s ability to provide employees with outstanding service and care while consistently bending the healthcare cost curve for self-insured employers.”
Rafael Cofiño, a Partner with Great Hill Partners, added, “We believe the partnership with Quantum presents a unique opportunity to help build a category-defining business and change the way consumers approach and experience the healthcare decision making process.”
Quantum will join Great Hill’s current portfolio of healthcare companies, which includes PartsSource, RxBenefits, Qualifacts, and PlanSource. Prior healthcare investments include bswift, Passport Health Communications, and SterilMed.
William Blair & Company, LLC, acted as exclusive financial advisor to Quantum Health. Financial terms of the transaction were not disclosed.
About Quantum Health
Quantum Health is an award-winning consumer healthcare navigation company that delivers an unparalleled consumer experience based on empathy and trust, enabling employers to achieve industry-leading satisfaction rates and independently validated claim savings. Launched in 1999, Quantum Health’s model is based on years of consumer research and the insights learned from guiding millions of consumers and their providers through their healthcare journey. Based in Columbus, Ohio, Quantum Health has earned numerous awards and honors, including being named a Fastest-Growing Privately Held Company for the past nine years by Inc. 5000; one of the 50 Fastest-Growing Women-Owned/Led Companies for the past nine years by the Women Presidents’ Organization; a Best Place to Work for the past ten years by Columbus Business First; and a Great Place to Work® Best Small & Medium Workplaces by FORTUNE Magazine and Entrepreneur Magazine. Learn more at Quantum-Health.com, and connect with us on Twitter (@QuantumHealth1), and LinkedIn (Company: Quantum Health).
About Great Hill Partners
Great Hill Partners is a private equity firm that has raised over $5 billion in commitments since inception to finance the expansion, recapitalization, or acquisition of growth companies in a wide range of sectors in business-to-business and business-to-consumer industries including software, financial and healthcare technology, digital media, eCommerce, and internet infrastructure. Great Hill targets investments of $25 million to $200 million.
For more information, please visit www.greathillpartners.com.