S&S Health: Revolutionizing Healthcare Solutions with Lovell Minnick Partners' Investment

Cincinnati, OH – S&S Health, a leading provider of administration and technology solutions for health plans for small and mid-sized businesses (SMBs), announced today that it has received a majority growth investment from Lovell Minnick Partners LLC (LMP), a private equity firm focused on investments in financial services, business services, and financial technology companies. This partnership will propel S&S Health forward, allowing them to enhance their organic growth initiatives, optimize operational efficiency, and further their mission to improve healthcare outcomes nationwide. The terms of the deal have not been disclosed.

S&S Health, founded in 1994, collaborates with brokers, program managers, carriers, and other third-party administrators to offer comprehensive healthcare services and coverage. Their proprietary claims adjudication platform enables the company to support any plan design, level of complexity, and account structure, providing cost-effective and tailored solutions for employers. In addition to benefit plan administration, S&S Health also offers employers provider network access and a marketplace of solutions for wellness and cost containment strategies.

Vincent Esposito, CEO of S&S Health, expressed excitement about the partnership with LMP, stating, "The partnership with LMP represents an exciting chapter in our Company's history. We are confident that LMP's extensive experience and resources will empower us to provide even more cutting-edge healthcare solutions to the market and make a positive impact on benefit administration and cost containment strategies. Our dedication to delivering exceptional healthcare services remains unchanged, and with LMP as our new partner, we are poised to elevate our client experience to new heights and remain a reliable partner our clients can count on."

Brad Armstrong, Partner at LMP, commented on the partnership, saying, "We have a strong history of forming successful partnerships with technology-driven companies led by dynamic management teams known for their client-centric approach and a track record of organic growth. We believe that with our resources and strategic guidance, S&S Health will continue to be a leader in the benefits marketplace and provide their clients with the highest quality of service."

Jason Klein, Principal at LMP, added, "S&S Health's commitment to innovation, exceptional track record, and talented team make them a natural fit for our portfolio. Their proprietary technology platform, strong relationship with clients and partners, and commitment to driving successful outcomes should position them very well for continued growth."

The transaction is expected to close in the fourth quarter of 2023, pending customary regulatory reviews and approvals. Financial advisors Waller Helms Advisors and Harris Williams served as advisors to S&S Health and LMP, respectively, while Baker Donelson and Schulte, Roth & Zabel provided legal counsel to S&S Health and LMP, respectively.

About S&S Health

S&S Health provides comprehensive administrative solutions that maximize the efficiency and effectiveness of self-funded healthcare programs. The company simplifies the complexities of self-funded health plans for employers, ensuring they can provide cost-effective, tailored benefits to their employees while maintaining compliance and transparency. From plan design and enrollment management to claims processing and member support, S&S Health's services streamline the administration of self-funded health plans, helping clients achieve cost savings, enhance employee well-being, and ensure a seamless healthcare experience for all participants.

To learn more about S&S Health, visit their website at http://www.ss-healthcare.com/.

About LMP

Lovell Minnick Partners is a private equity firm with a 20+ year track record of partnering with growth-oriented companies. Leveraging their deep sector experience and broad network of strategic advisors, LMP helps founders scale their companies at an accelerated pace. They collaborate with management teams to achieve long-term success and value creation through organic growth and strategic acquisitions.

Since their inception in 1999, LMP has raised approximately $4.75 billion of committed capital, invested in over 50 companies, and completed over 175 add-on acquisitions. LMP targets growth-oriented, middle-market companies in the financial services, financial technology, and business services sectors.

In conclusion, S&S Health's strategic partnership with Lovell Minnick Partners signifies a new era of growth and innovation in the healthcare industry. With LMP's support, S&S Health is well-positioned to continue providing cutting-edge solutions to employers and driving positive healthcare outcomes nationwide.