Mobile Health Acquired by H.I.G. Growth Partners
The acquisition by H.I.G. Growth Partners supports Mobile Health’s mission to transform digital health and wellbeing, ultimately improving health outcomes for millions while reducing costs to employers.
![mobile-lrg](https://softwareequity.com/wp-content/uploads/2024/06/mobile-lrg.png)
![HIG-lrg](https://softwareequity.com/wp-content/uploads/2024/06/HIG-lrg.png)
Client Description
The company
Mobile Health is an end-to-end digital health, wellness, and virtual care SaaS platform focused on reducing healthcare costs for employers and creating improved health outcomes for employees.
The solution
Mobile Health serves 4.5M+ lives and has over 90,000 customers, ranging from small businesses to some of the world’s largest employers.
Headquarters
Palo Alto, CA
Investor Description
The company
H.I.G. Growth Partners is the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global alternative investment firm with $64 billion of capital under management.
Headquarters
Miami, FL
PRESS RELEASE OVERVIEW
SEG Client, Mobile Health, Acquired by H.I.G. Growth Partners
June 17, 2024 – H.I.G. Growth Partners (“H.I.G. Growth”), the dedicated growth capital investment affiliate of H.I.G. Capital, is pleased to announce that it has completed the acquisition of Mobile Health Consumer, Inc. (“Mobile Health” or the “Company”), an end-to-end digital health, wellness, and virtual care SaaS platform. The Company is focused on reducing healthcare costs for employers and increasing employee engagement, leading to improved health outcomes.
Software Equity Group (SEG) served as exclusive financial advisor to Mobile Health.
Mobile Health helps employees proactively and effectively manage their health by identifying health risks, then using personalized incentives to facilitate appropriate care. This results in lower health risks for employees and reduced costs for employers. Mobile Health serves 4.5M+ lives and has over 90,000 customers, ranging from small businesses to some of the world’s largest employers.
John Halloran, Mobile Health’s Founder and CEO, commented, “I am thrilled to partner with H.I.G. Growth. Their team’s expertise and strategic vision align perfectly with our mission to transform digital health and wellbeing, improving health outcomes for millions while reducing costs to employers. Together, we’ll help redefine how individuals engage with their health, making prevention and wellness more accessible.”
Eric Tencer, Managing Director at H.I.G. Growth, added, “Mobile Health is a highly innovative organization with a flexible low-code technology platform, uniquely enabling highly scalable deployment via channel partners and direct to employers of different sizes and across industries. We are excited to work with the Mobile Health team as they deliver compelling solutions to drive improved employee health and reduce healthcare costs.”
H.I.G. Senior Advisor, Mary Moslander, will also join the Mobile Health Board. Mary previously founded LiveHealthier, Inc., which was acquired by Centene Corporation, after which she served as CEO of Centene’s Envolve Innovation Lab and as an Entrepreneur-in-Residence.