eHealth (EHTH) Q4 2020 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
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SANTA CLARA, Calif., Jan. 29, 2021 /PRNewswire/ eHealth, Inc. (NASDAQ: EHTH) ( eHealth or the Company ) today announced that an affiliate of H.I.G. Capital ( H.I.G. ), a leading global alternative investment firm, has entered into a binding agreement to make a $225 million investment in the Company by purchasing convertible preferred stock.
With a strengthened financial position, eHealth expects to drive organic growth, enhance its ability to capitalize on inorganic growth opportunities, and deliver meaningful returns to shareholders. The additional capital will accelerate the execution of eHealth s strategic initiatives, including driving scale through online enrollment growth, investing in the Company s in-house telesales team, broadening its strategic partner channel, and driving towards increased member engagement and retention.