Warburg Pincus and Great Hill Partners have completed a growth investment in Quantum Health, according to a news release.
Quantum Health, based in Columns, Ohio, is a consumer healthcare navigation and care coordination company. Founded in 1999, the company states that its Real-Time Intercept model is designed to identify opportunities for early intervention in an employee’s healthcare journey.
Warburg Pincus, based in New York, is a global private equity firm focused on growth investing. Founded in 1966, the firm takes a long-term perspective and invests in businesses at all stages of development within healthcare and several other sectors.
Great Hill Partners, based in Boston, seeks to invest in middle market companies in several sectors, including healthcare technology. Founded in 1998, the firm typically invests $25 million to $200 million in equity in each investment, targeting companies with an enterprise value of $25 million to $500 million.
Great Hill previously invested in Quantum Health in 2017 and is the company’s current majority shareholder. The firm retains a significant stake in Quantum Health following the growth investment.
The news release indicates that the investment would go toward accelerating Quantum Health’s investment in its technology platform and service delivery capabilities.
Terms of the transaction were not disclosed.