HealthPlanOne’s Recapitalization

Lowenstein Sandler represented the management team of HealthPlanOne, Inc. (HPOne) in its growth recapitalization transaction. Goodwin Procter LLP advised Peloton Equity LLC.

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.

The Lowenstein deal team included Steven E. Siesser (Picture), Traci M. Tomaselli, James E. Gregory, Lesley P. Adamo, and Taryn E. Cannataro.

The Goodwin team was led by Stu Rosenthal, Audra Dowless, Jake Herman, and Bryan Edelman, and included Janet Andolina, Kyle Pine, Milena Tantcheva, Paul Costa, Jim Mattus, Leslie Nash, Steve Argentieri, Tim Holahan, Scott Bailer, Paul Jin, Matthew Wheatley, Jacqueline Klosek, and Larissa Baker.
Involved fees earner: Janet Andolina – Goodwin Procter; Steven Argentieri – Goodwin Procter; Scott Bailer – Goodwin Procter; Paul Costa – Goodwin Procter; Audra Dowless – Goodwin Procter; Bryan Edelman – Goodwin Procter; Jacob Herman – Goodwin Procter; Timothy Holahan – Goodwin Procter; Paul Jin – Goodwin Procter; Jacqueline Klosek – Goodwin Procter; Kyle Pine – Goodwin Procter; James Mattus – Goodwin Procter; Stuart Rosenthal – Goodwin Procter; Milena Tantcheva – Goodwin Procter; Matthew Wheatley – Goodwin Procter; Lesley Adamo – Lowenstein Sandler LLP; Taryn Cannataro – Lowenstein Sandler LLP; James Gregory – Lowenstein Sandler LLP; Steven Siesser – Lowenstein Sandler LLP; Traci Tomaselli – Lowenstein Sandler LLP;

Law Firms: Goodwin Procter; Lowenstein Sandler LLP;

Clients: HealthPlanOne – Management Team; Peloton Equity LLC;

Author: Ambrogio Visconti