SelectQuote, Inc. secured a $350 million strategic investment from Bain Capital, Morgan Stanley Private Credit, and Newlight Partners to enhance its healthcare services business.

Feb 10, 2025•10 months ago

Amount Raised

$350 Million

Overland ParkInsuranceHealth Care

Investors

Newlight PartnersMorgan Stanley Private CreditBain Capital

Description

SelectQuote, Inc. announced a $350 million strategic investment to grow its healthcare services platform and improve its capital structure. The investment will enable the company to recapitalize its balance sheet and lower its annual cash debt service.

Company Information

Company

SelectQuote

Location

Overland Park, Kansas, United States

About

SelectQuote, Inc. is a leading distributor of Medicare insurance policies, founded in 1985. The company offers unbiased comparisons from multiple, highly-rated insurance companies, helping consumers choose suitable policies. Their services include SelectQuote Senior, SelectQuote Healthcare Services, SelectQuote Life, and SelectQuote Auto and Home, supported by a strong team of trained agents and proprietary technology. SelectQuote aims to protect consumers' valuable assets, including their families, health, and property.

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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