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H.I.G. Capital Completes Strategic Investment into eHealth

H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $44 billion of equity capital under management, is pleased to announce that an affiliate has completed a $225 million strategic minority investment into eHealth, Inc. (“eHealth” or the “Company”) in the form of convertible preferred stock.

Headquartered in Santa Clara, CA, eHealth operates a leading online marketplace offering consumers a broad choice of insurance products that includes thousands of Medicare Advantage, Medicare Supplement, Medicare Part D plans, individual and family health insurance, small business insurance and ancillary health insurance products from over 180 health insurance carriers.

Scott Flanders, Chief Executive Officer of eHealth commented, “We are excited to team up with H.I.G. as we grow scale and market share by helping millions of Americans shop, compare, and manage their health insurance. With this investment, we will take immediate steps to build on our strong foundation and fast-track our strategic plans.”

“We have long respected eHealth for its best-in-class technology and proven track record of growth,” said Aaron Tolson, Managing Director at H.I.G. “The work Scott and the eHealth management team are doing to help customers find health insurance plans that are best suited to their needs has never been more important. We are excited to join the Company to help drive continued growth.”

H.I.G. is an experienced investor in the direct-to-consumer and healthcare industries and will leverage its sector expertise and broad resource base to support growth initiatives at eHealth.

About eHealth

eHealth, Inc. (NASDAQ: EHTH) operates a leading health insurance marketplace at eHealth.com and eHealthMedicare.com with technology that provides consumers with health insurance enrollment solutions. Since 1997, eHealth has connected more than 8 million members with quality, affordable health insurance, Medicare options, and ancillary plans. The Company’s proprietary marketplace offers Medicare Advantage, Medicare Supplement, Medicare Part D prescription drug, individual, family, small business and other plans from over 180 health insurance carriers across fifty states and the District of Columbia.

About H.I.G. Capital

H.I.G. is a leading global private equity and alternative assets investment firm with $44 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments to funds managed by H.I.G. Capital and its affiliates.

Contacts:

Aaron Tolson
Managing Director
atolson@higcapital.com

Arjun Mohan
Principal
amohan@higcapital.com

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