Hixme Insurance Solutions fetches $10.14 mln Series A

Kleiner Perkins Caufield & Byers has led a $10.14 million Series A funding round for Hixme Insurance Solutions. Dr. Beth Seidenberg has been added to Hixme’s board of directors. Also, the company has named Denny Weinberg, a former co-founder of Wellpoint, as CEO. Based in California, Hixme Insurance Solutions is a platform that helps employers transition to a private benefit exchange.

Moraski named Frazier Healthcare operating partner

Frazier Healthcare said that Brett Moraski has joined the growth buyout team as an Operating Partner. Previously, Moraski was a Senior Operating Advisor at LLR Partners and Corporate VP of Transformation at WellPoint. With offices in Seattle and Menlo Park, California, Frazier provides venture and growth capital to healthcare companies.

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Deaths of the unfit outnumber survival of the fittest

There are 45 healthcare companies in the Fortune 500. History says some 86 percent of them are doomed to obscurity if they don’t learn how to adjust to life after the giant asteroid hits earth, also known as full implementation of the Affordable Care Act.

WellPoint Leads $11 Mln Round for Linkwell Health

Linkwell Health said Wednesday it raised $11 million in Series C funding led by WellPoint. Existing investors Spark Capital and HLM Venture Partners also participated in the round. New York-based Linkwell develops health and wellness consumer engagement platforms.

LLR Partners and WellPoint Invest in Physicians Immediate Care

LLR Partners and WellPoint have invested an undisclosed amount in Physicians Immediate Care, a Rockford, Ill.-based chain of 20 independently owned medical clinics in the Midwest. LLR is a middle market private equity firm; WellPoint [rovides insurance under the Blue Cross and Blue Shield brands in 13 states PRESS RELEASE: LLR Partners, a middle market private […]

CCMP To Make 5x Their Money on CareMore Sale

After more than five years, CCMP is exiting CareMore Medical Enterprise.

Wellpoint, a leading health insurer, announced Wednesday that it was buying CareMore, a managed healthcare provider that serves seniors. CareMore currently has about 54,000 members and operates 26 care center clinics in Arizona, California and Nevada. This is up from the roughly 20,000 members CareMore had when CCMP bought the company, a person says.

WellPoint CFO: We Considered An LBO

NEW YORK (Reuters) – WellPoint Inc (WLP.N) evaluated a leveraged buyout of the health insurer, but determined it would be difficult to pull off, the company’s chief financial officer said on Wednesday. Asked at an investor conference about an LBO, WellPoint CFO Wayne DeVeydt said the company “evaluated and explored” the possibility, but determined “it’s […]

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