SelectQuote has secured a $350 million investment led by Bain Capital and Morgan Stanley Private Credit to enhance its healthcare services and strengthen its financial positioning.

Information on the Target

SelectQuote, established in 1985 and headquartered in Overland Park, Kansas, has emerged as a leading Medicare insurance distributor and healthcare services provider. The company operates a direct-to-consumer platform that offers a variety of insurance policies, specializing in Medicare Advantage, Medicare Supplement, and Medicare Part D plans, alongside life, auto, and home insurance products. In 2021, SelectQuote broadened its offerings by launching Population Health, a healthcare initiative aimed at mitigating medication-related risks, and also established SelectRx, a pharmacy focused on medication management services.

With a workforce comprising thousands of professionals, SelectQuote has demonstrated robust revenue growth as of 2024, positioning itself strategically in both the insurance and healthcare sectors. The recent $350 million investment seeks to further bolster the company’s capacity to expand its healthcare services and enhance collaborations with insurance carriers while optimizing its financial structure.

Industry Overview in the Target's Specific Country

The Medicare insurance industry in the United States is experiencing rapid transformations, driven by an aging population and increasing demand for healthcare services tailored to seniors. As the number