M&A

Lightyear Acquires Majority Stake in HealthPlanOne

By Armie Margaret Lee

Published: June 30th, 2020

Lightyear Capital has inked a deal to purchase a majority stake in Health Plan One, a digital distributor of health insurance products, from Peloton Equity and other investors.

Lightyear Capital LLC has inked a deal to purchase a majority stake in HealthPlanOne Inc. (HPOne), a digital distributor of health insurance products, from Peloton Equity LLC and other investors.

Terms of the transaction were not disclosed in the Monday, June 22, announcement. HPOne’s shareholders will retain stakes in the company.

Trumbull, Conn.-based HPOne, founded in 2006, operates an online marketplace focusing on Medicare plans.

The announcement comes after Centerbridge Partners LP-backed health insurance distributor GoHealth Inc. on June 19 unveiled plans for an initial public offering. GoHealth’s platform includes Medicare, prescription drug, and individual and family plans.

The HPOne transaction is expected to close in July.

Editor’s note: The original version of this article, including advisers and other details, was published earlier on The Deal’s premium subscription website. For access, log in to TheDeal.com or use the form below to request a free trial.

This Content is Only for The Deal Subscribers

The Deal provides actionable, intraday coverage of mergers, acquisitions and all other changes in corporate control to institutional investors, private equity, hedge funds and the firms that serve them.

If you’re already a subscriber, log in to view this article here.

More From M&A

M&A

Drinks With The Deal: King & Spalding's Townsend Talks Business Development

By David Marcus

Published: October 24th, 2024

Keith Townsend, an M&A partner at King & Spalding and co-head of its corporate practice, discusses how he developed business development skills as a young partner and how his firm thinks about its practice mix.

M&A

Drinks With The Deal: Katten's Solomon on Family Office Evolution, Texas Economics

By David Marcus

Published: October 10th, 2024

Katten's Mark Solomon discusses the evolution of family offices over the past generation and how the Dallas economy has changed since he started practicing law in the city in 1985.

M&A

Drinks With The Deal: Jones Day’s Lesnick on Reynolds Work, AI

By David Marcus

Published: September 12th, 2024

Randi Lesnick, co-chair of Jones Day's corporate practice, discusses key deals in her career and issues that AI raises both for law firms and for companies doing deals.

View All From M&A