SelectQuote Closes $350 Million Strategic Investment from Bain Capital, Morgan Stanley Private Credit and Newlight Partners
SelectQuote (NYSE: SLQT) has successfully closed a $350 million strategic investment from Bain Capital, Morgan Stanley Private Credit, and Newlight Partners on February 28, 2025. The company, which specializes in Medicare insurance policy distribution and healthcare services, has allocated $260 million of the proceeds to reduce its outstanding term loan.
Following this transaction, SelectQuote now maintains over $100 million in available liquidity to support its insurance distribution and healthcare services operations. The deal also brings strategic leadership additions, with Chris Wolfe from Bain Capital Insurance and Srdjan Vukovic from Newlight Partners joining the Board of Directors, each contributing over 20 years of investing and healthcare sector expertise.
SelectQuote (NYSE: SLQT) ha chiuso con successo un investimento strategico di 350 milioni di dollari da Bain Capital, Morgan Stanley Private Credit e Newlight Partners il 28 febbraio 2025. L'azienda, specializzata nella distribuzione di polizze assicurative Medicare e servizi sanitari, ha destinato 260 milioni di dollari dei proventi per ridurre il proprio prestito a termine in essere.
Dopo questa transazione, SelectQuote mantiene ora oltre 100 milioni di dollari in liquidità disponibile per supportare le sue operazioni di distribuzione assicurativa e servizi sanitari. L'accordo porta anche nuove aggiunte strategiche alla leadership, con Chris Wolfe di Bain Capital Insurance e Srdjan Vukovic di Newlight Partners che si uniscono al Consiglio di Amministrazione, ciascuno con oltre 20 anni di esperienza negli investimenti e nel settore sanitario.
SelectQuote (NYSE: SLQT) ha cerrado con éxito una inversión estratégica de 350 millones de dólares de Bain Capital, Morgan Stanley Private Credit y Newlight Partners el 28 de febrero de 2025. La empresa, que se especializa en la distribución de pólizas de seguro de Medicare y servicios de salud, ha destinado 260 millones de dólares de los ingresos para reducir su préstamo a plazo pendiente.
Tras esta transacción, SelectQuote ahora mantiene más de 100 millones de dólares en liquidez disponible para apoyar sus operaciones de distribución de seguros y servicios de salud. El acuerdo también trae nuevas incorporaciones estratégicas en el liderazgo, con Chris Wolfe de Bain Capital Insurance y Srdjan Vukovic de Newlight Partners uniéndose a la Junta Directiva, cada uno aportando más de 20 años de experiencia en inversiones y en el sector de la salud.
SelectQuote (NYSE: SLQT)는 2025년 2월 28일 Bain Capital, Morgan Stanley Private Credit 및 Newlight Partners로부터 3억 5천만 달러의 전략적 투자를 성공적으로 마감했습니다. Medicare 보험 정책 배급 및 의료 서비스 전문 기업인 SelectQuote는 2억 6천만 달러의 수익을 기존의 장기 대출 상환에 사용할 예정입니다.
이번 거래 이후, SelectQuote는 보험 배급 및 의료 서비스 운영을 지원하기 위해 1억 달러 이상의 유동성을 유지하고 있습니다. 이번 거래는 Bain Capital Insurance의 Chris Wolfe와 Newlight Partners의 Srdjan Vukovic가 이사회에 합류하면서 전략적 리더십 추가를 가져옵니다. 두 사람 모두 투자 및 의료 분야에서 20년 이상의 경험을 가지고 있습니다.
SelectQuote (NYSE: SLQT) a réussi à finaliser un investissement stratégique de 350 millions de dollars de Bain Capital, Morgan Stanley Private Credit et Newlight Partners le 28 février 2025. L'entreprise, spécialisée dans la distribution de polices d'assurance Medicare et de services de santé, a alloué 260 millions de dollars des recettes pour réduire son prêt à terme en cours.
À la suite de cette transaction, SelectQuote dispose désormais de plus de 100 millions de dollars de liquidités disponibles pour soutenir ses opérations de distribution d'assurance et de services de santé. L'accord apporte également des ajouts stratégiques à la direction, avec Chris Wolfe de Bain Capital Insurance et Srdjan Vukovic de Newlight Partners rejoignant le conseil d'administration, chacun apportant plus de 20 ans d'expertise dans les secteurs de l'investissement et de la santé.
SelectQuote (NYSE: SLQT) hat am 28. Februar 2025 erfolgreich eine strategische Investition in Höhe von 350 Millionen Dollar von Bain Capital, Morgan Stanley Private Credit und Newlight Partners abgeschlossen. Das Unternehmen, das auf die Verteilung von Medicare-Versicherungspolicen und Gesundheitsdienstleistungen spezialisiert ist, hat 260 Millionen Dollar der Einnahmen zur Reduzierung seines ausstehenden Terminkredits verwendet.
Nach dieser Transaktion hält SelectQuote jetzt über 100 Millionen Dollar an verfügbarer Liquidität, um seine Versicherungsvertriebs- und Gesundheitsdienstleistungsoperationen zu unterstützen. Der Deal bringt auch strategische Führungszugänge, da Chris Wolfe von Bain Capital Insurance und Srdjan Vukovic von Newlight Partners dem Vorstand beitreten, wobei jeder über 20 Jahre Erfahrung in den Bereichen Investitionen und Gesundheitswesen verfügt.
- Secured $350M strategic investment from major financial institutions
- Reduced term loan debt by $260M
- Increased liquidity position to over $100M
- Added two experienced board members with healthcare sector expertise
- High debt levels requiring significant paydown ($260M)
The Company used
With the completion of this transaction, SelectQuote also appointed Chris Wolfe of Bain Capital Insurance and Srdjan Vukovic of Newlight Partners to the Board of Directors, each bringing over 20 years of investing and healthcare sector experience to the Company.
For more information on this transaction, please reference the Company’s 8-K filed with the Securities and Exchange Commission (“SEC”) on February 10, 2025, which can be found on the SEC filings page of our website (https://ir.selectquote.com/financials/sec-filings/default.aspx) as well as Company’s press release announcing the binding agreement (https://ir.selectquote.com/news/news-details/2025/SelectQuote-Announces-350-Million-Strategic-Investment-from-Bain-Capital-Morgan-Stanley-Private-Credit-and-Newlight-Partners/default.aspx).
About SelectQuote:
Founded in 1985, SelectQuote (NYSE: SLQT) pioneered the model of providing unbiased comparisons from multiple, highly-rated insurance companies, allowing consumers to choose the policy and terms that best meet their unique needs. Two foundational pillars underpin SelectQuote’s success: a strong force of highly-trained and skilled agents who provide a consultative needs analysis for every consumer, and proprietary technology that sources and routes high-quality leads. Today, the Company operates an ecosystem offering high touchpoints for consumers across insurance, pharmacy, and virtual care.
With an ecosystem offering engagement points for consumers across insurance, Medicare, pharmacy, and value-based care, the company now has three core business lines: SelectQuote Senior, SelectQuote Healthcare Services, and SelectQuote Life. SelectQuote Senior serves the needs of a demographic that sees around 10,000 people turn 65 each day with a range of Medicare Advantage and Medicare Supplement plans. SelectQuote Healthcare Services is comprised of the SelectRx Pharmacy, a Patient-Centered Pharmacy Home™ (PCPH) accredited pharmacy, SelectPatient Management, a provider of chronic care management services, and Healthcare Select which proactively connects consumers with a wide breadth of healthcare services supporting their needs.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250303879608/en/
Investor Relations:
Sloan Bohlen
877-678-4083
investorrelations@selectquote.com
Media:
Matt Gunter
913-286-4931
matt.gunter@selectquote.com
Source: SelectQuote, Inc.
FAQ
How much debt did SelectQuote (SLQT) pay down with the new strategic investment?
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