The Benecon Group, a Lititz, PA-based developer of self-funded medical profit applications for small-and-medium sized companies, acquired a minority funding from Neuberger Berman.
The quantity of the deal was not disclosed. Neuberger Berman Personal Markets will be a part of present investor TA Associates, a world non-public fairness agency, who stays the bulk proprietor of the corporate.
The corporate intends to make use of the funds to develop operations and growth efforts.
Based in 1991 by Samuel Lombardo, Benecon develops and administers self-funded medical profit applications for small-and-medium sized companies, providing a full suite of actuarial, compliance, finance and producer companies to employers and staff throughout the US. Its providing permits employers to handle profit plan expenditures and design applications that meet each the strategic wants of the employer and the non-public wants of the workers. Benecon’s subsidiary, ConnectCare3, supplies wellness consulting and scientific companies, together with affected person advocacy, nurse navigation and power illness administration.
Commenting on the information, Matthew Kirk, President and CEO of Benecon, mentioned:”We proceed to execute on our enlargement technique, delivering industry-leading, self-funded healthcare options and are excited to proceed furthering this mission with Neuberger Berman. We look ahead to working with TA Associates and Neuberger Berman. Their funding affirms the power of the platform and our future progress potential.”
FinSMEs
25/02/2024
