Abry Partners acquires majority stake in HealthEZ

Private equity firm Abry Partners has acquired a majority stake in HealthEZ, a US-based independent third-party administrator (TPA) of self-funded medical plans, for an undisclosed price.

Through the deal, Abry Partners has expanded its portfolio of healthcare services investments.

Its investment is intended to help HealthEZ to offer more and improved services to its marquee client base and also in pursuing strategic acquisitions.

T.J. Rose – Partner of Abry Partners said: “We’re incredibly impressed by the business Nazie and the HealthEZ team have built and we are proud to become her partner in the next phase of HealthEZ’s growth.

“The HealthEZ team has done a tremendous job of helping small businesses navigate the complex self-insured landscape and we look forward to driving future growth through continued investment in technology and people.”

HealthEZ is said to partner with small and midsize business employers across the US so that they can offer better access to healthcare for their employees while controlling costs and enhancing outcomes.

Nazie Eftekhari – HealthEZ – Founder and Chairwoman said: “When I met the Abry team I knew they would be a good fit for our company, our clients, our members, and our team. They are a diverse and talented team, like us, like our clients and our team, like America and Americans.

“We look forward to working with the Abry team to make HealthEZ the best TPA in America.”

HealthEZ’s financial advisor for the deal is Lincoln International, while Norton Rose Fulbright has been the legal counsel. Abry Partners, on the other hand, was advised by DLA Piper.