Online health insurance marketplace EHealth has secured a $225m (£159.6m) investment from global alternative investment firm HIG Capital.
California-headquartered EHealth operates an online marketplace offering consumers a choice of insurance products including Medicare Advantage, Medicare Supplement, Medicare Part D plans, individual and family health insurance, small business insurance and ancillary health insurance products from more than 180 health insurance carriers.
The investment is in the form of convertible preferred stock.
Commenting on the investment, EHealth CEO Scott Flanders said: “We are excited to team up with HIG as we grow scale and market share by helping millions of Americans shop, compare, and manage their health insurance.
“With this investment, we will take immediate steps to build on our strong foundation and fast-track our strategic plans.”
HIG managing director Aaron Tolson added: “The work Scott and the EHealth management team are doing to help customers find health insurance plans that are best suited to their needs has never been more important. We are excited to join the company to help drive continued growth.”