Lowenstein Sandler represented the management team of HealthPlanOne, Inc. (HPOne) in its growth recapitalization transaction, pursuant to which the affiliated investment funds of Lightyear Capital LLC will acquire a majority stake in HPOne from Peloton Equity, LLC, management, and members of the board and will invest cash into HPOne to support future growth and strategic objectives.
Financial terms of the transaction were not disclosed. The transaction is expected to close in July 2020, subject to regulatory approvals and the satisfaction of closing conditions.
HPOne is a leading technology-enabled platform and online marketplace delivering end-to-end, direct-to-consumer enrollment solutions focused exclusively on the high-growth Medicare insurance market. HPOne provides consumers with online tools to compare and purchase Medicare plans. It utilizes digital marketing and proprietary technology solutions, including lead scoring, data analytics, and CRM platform, to identify, educate, enroll, and retain health plan members on behalf of national and regional health plans.
About Lowenstein Sandler LLP
Lowenstein Sandler is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.
Stephen J. Kimmerling
Director, Marketing Communications
Lowenstein Sandler LLP
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