Friday Health Plans, Inc. (“Friday”), a Denver-based health insurance holding company, announced that it has signed an agreement to receive a $100 million equity investment led by Vestar Capital Partners, a leading U.S. middle-market private equity firm. Leadenhall Capital Partners, a London-based insurance-focused investment manager, will provide an additional $60 million in debt financing. Following robust membership growth of more than 400% in 2021, Friday will leverage the additional funds to expand into new markets with a focus on technology-driven individual and small-group health insurance.
TripleTree, LLC acted as the exclusive financial advisor to Friday Health Plans for this transaction.
Read the full press release from Friday Health Plans.