MIAMI – (COMMERCIAL THREAD) – HIG Capital (“HIG”), a leading global alternative investment firm with over $ 45 billion in equity under management, is pleased to announce that one of its affiliates has completed the recapitalization of Health Network One and its various affiliates and subsidiaries (collectively “Health Network One” or the “Company”), a leading provider of specialized benefit management services for health insurers.
Founded in 1999, Health Network One partners with Health Plans to optimize care in a number of specialties, including physiotherapy, occupational therapy and speech therapy; Dermatology; Vision and Ophthalmology; Podiatry; Gastroenterology; and Urology. Through the company’s comprehensive network of over 10,000 providers and dedicated in-house clinical expertise, Health Network One helps deliver high-quality, convenient healthcare to over 5 million covered people. In addition to helping improve health outcomes, Health Network One’s cost-effective capitation payment solution aligns incentives with key stakeholders.
“We are delighted to partner with Luis Mosquera and the exceptional team at Health Network One,” said Camilo E. Horvilleur, Managing Director of HIG Capital. “The Company’s track record of membership and health plan growth is a testament to management’s focus on exceptional clinical quality, exceptional service and an effective value-based model of care. We will help Luis and his team invest more in the platform, improve the company’s solutions and services, and accelerate growth with existing and new clients, both organically and through mergers and acquisitions. .
“We are delighted to enter this new chapter of growth with HIG Capital,” said Luis Mosquera, CEO of Health Network One. “Over the past two decades, we have built an exceptional business model, as evidenced by our network of leading suppliers and our strategic partnerships with more than 20 market-leading health plan partners. This partnership with HIG will allow us to better serve our health plans and their members, while continuing to operate as a strategic partner of our network of dedicated providers.
About Health Network One
Health Network One and its affiliates manage networks of medical providers specializing in several specialties, including physiotherapy, occupational therapy and speech therapy; Dermatology; Vision and Ophthalmology; Podiatry; Gastroenterology; and Urology. Through its capitation payment solution, the Company partners with leading health insurance companies to proudly provide care to more than 5 million members. The company’s strong network of more than 10,000 providers enables Health Network One to provide health insurers and their members with convenient access to qualified medical specialists through a single point of contact. In addition to its comprehensive network of suppliers, the company offers a variety of administrative services, including authorizations, claims management, and credentials to help reduce administrative workload. Health Network One is NCQA accredited and HITRUST certified.
The company was founded in 1999 and has 250 dedicated employees. The company is based in Fort. Lauderdale, Florida with offices in the United States and Puerto Rico. For more information about the Company, please visit www.healthnetworkone.com.
About HIG Capital
HIG is a leading global alternative asset investment firm with over $ 45 billion in equity under management. * Based in Miami and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta in the United States, as as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, HIG specializes in the provision of debt and equity capital specific to small and medium-sized enterprises, using an added -approach:
HIG’s equity funds invest in management buyouts, recapitalizations and company exclusions of profitable and underperforming manufacturing and service companies.
HIG Debt Funds invest in senior, unitranche and junior debt financing to companies of all sizes, both on a primary basis (direct origination) as well as in secondary markets. HIG is also a primary manager of CLO, through its WhiteHorse family of vehicles, and operates a publicly traded BDC, WhiteHorse Finance.
HIG’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
HIG Infrastructure focuses on making value-added and core plus investments in the infrastructure sector.
Since its inception in 1993, HIG has invested and managed more than 300 companies around the world. The company’s current portfolio includes more than 100 companies with combined sales of over $ 30 billion. For more information, please visit HIG’s website at www.higcapital.com.
* Based on total capital commitments managed by HIG Capital and its subsidiaries.