Image source: https://pixabay.com/photos/business-deal-agreement-contract-4107640/

Zipari, a consumer experience platform designed for health insurance, has bagged a strategic growth investment from private equity firm Thoma Bravo.

The investment values the firm at over half a billion dollars. It will support the integration of Zipari with healthcare engagement technology provider Healthx.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The combination of the two will lead to the formation of a CX platform and solutions targeted at health insurance payers as well as third-party administrators.

Thoma Bravo principal AJ Jangalapalli said: “At a time when healthcare accessibility is so important, the combination of two premier healthcare IT platforms will allow payers to have the technology they need to improve health outcomes and deliver great experiences for their consumers.

“We look forward to applying Thoma Bravo’s capital and significant experience in healthcare technology to support Zipari as it continues to grow and deliver innovative products to its newly expanded client base.”

Thoma Bravo aims to play a central role in ramping up Zipari’s growth plan through the investment.

The private equity firm will collaborate with Zipari to strengthen the firm’s offering, bolster their combined client base, and facilitate innovation.

Zipari founder and CEO Mark Nathan will continue to be at the helm of the business, which will remain based in Brooklyn, New York.

Nathan noted: “I’m especially excited to welcome new colleagues from Healthx and the talent and expertise they bring to our combined company. This transaction opens up new opportunities for our clients and enables payers and TPAs of all sizes to create breakthrough experiences for their consumers.

“We look forward to working closely with Thoma Bravo as we develop a strategic roadmap for integration and migration that advantages our clients and addresses the diverse needs of the marketplace.”

Earlier this year, Zipari raised $22.5m in a series B funding round led by Vertical Venture Partners.

Health Velocity Capital, Healthworx, the healthcare investment and innovation arm of CareFirst BlueCross BlueShield and Horizon Healthcare Services also participated in the round.