ParetoHealth to Accelerate Growth with Strategic Investment from Warburg Pincus
PHILADELPHIA, June 5, 2023 /PRNewswire/ -- Pareto Health, Inc. ("ParetoHealth" or the "Company"), the employee benefits platform of choice for thousands of businesses, today announced a significant investment from Warburg Pincus, a leading global growth investor. Great Hill Partners, which invested in ParetoHealth in 2019, will retain an equal stake to Warburg Pincus, alongside a significant continuing investment from the current management team. This investment will support ParetoHealth's mission to make self-insurance accessible for small and midsized employers, reduce volatility, and drive down the overall cost of healthcare.
- PHILADELPHIA, June 5, 2023 /PRNewswire/ -- Pareto Health, Inc. ("ParetoHealth" or the "Company"), the employee benefits platform of choice for thousands of businesses, today announced a significant investment from Warburg Pincus, a leading global growth investor.
- Great Hill Partners, which invested in ParetoHealth in 2019, will retain an equal stake to Warburg Pincus, alongside a significant continuing investment from the current management team.
- "We look forward to partnering with the Pareto team and Great Hill Partners to drive sustainable growth," added Cem Behmoaram, Principal, Warburg Pincus.
- Goodwin Procter LLP and Kurtz & Revness LLP provided legal advice to the Company and Kirkland & Ellis LLP and William Blair advised Warburg Pincus.