GoHealth

#2968

Rank

$3.76B

MarketCap US

US United States

Country

Summary
GoHealth, Inc. operates as a health insurance marketplace and Medicare focused digital health company in the United States. It operates through four segments: Medicare?Internal; Medicare?External; Individual and Family Plans (IFP) and Other?Internal; and IFP and Other?External. The company operates a technology platform that leverages machine-learning algorithms of insurance behavioral data to optimize the process for helping individuals find the health insurance plan for their specific needs. Its products include Medicare Advantage, Medicare Supplement, Medicare prescription drug plans, and Medicare Special Needs Plans; and IFP, dental plans, vision plans, and other ancillary plans to individuals. The company sells its products through carriers and online platform, as well as independent and external agencies. GoHealth, Inc. was founded in 2001 and is headquartered in Chicago, Illinois with additional offices in Charlotte, North Carolina, Lindon, Utah, Bratislava, Slovakia, and Kosice, Slovakia.

History

GoHealth, originally named Norvax, Inc., was founded in 2001 by Clint Jones and Brandon Cruz. The business initially started by creating websites and lead management software for insurance brokers.In 2008, then-company Norvax offered online comparison health insurance shopping.In 2009, Norvax, Inc. was renamed to GoHealth.In 2012, GoHealth received a $50 million investment from Norwest Equity Partners.In 2013, GoHealth was appointed by the federal government to enroll eligible residents from 36 states in subsidized health exchange-based plans, made available under the Patient Protection and Affordable Care Act, otherwise known as Obamacare.In 2013, GoHealth purchased 90,000 sq. ft. in Merchandise Mart, expanding its Chicago locations to four.In 2015, ADP partnered with the company to help employees, who did not have employer health insurance coverage, enroll in subsidized health plans.In 2016, GoHealth opened a location in Charlotte, North Carolina.In 2018, GoHealth opened a location in Lindon, Utah.In 2019, Centerbridge Partners made a majority stake investment in GoHealth, with a valuation of approximately $1.5B . The purchase became the largest of any Chicago-based technology company within the previous five years, and topped IBM's purchase of $1.3 billion for Cleversafe and SAP's purchase of $974 million for Fieldglass. Norwest Equity Partners retained a stake in GoHealth, while co-founders, Jones and Cruz, continued to hold substantial equity stake.GoHealth announced a plan to file for IPO in June 2020.On June 6, 2022, GoHealth announced its appointing of Vijay Kotte as CEO and Jason Schulz as CFO effective immediately. Co-Founder and current Chief Executive Officer, Clint Jones, would then become the Executive Chairman of the Board.


Mission
To empower healthier lives by making health insurance simple, intuitive, and accessible.

Vision
Our vision is to be the trusted partner for individuals and families to make informed decisions about their health insurance.

Key Team

Mr. Vijay Kumar Kotte (CEO & Director)

Mr. Jason Schulz (Chief Financial Officer)

Mr. Jay Sreedharan (Chief Technology Officer)

Ms. Melissa Balsan (Chief Marketing Officer)

Mr. Mark Monitello (Chief HR Officer)

Mr. Michael Hargis (Chief Customer Engagement Officer)

Mr. Shane E. Cruz (Chief Strategy Officer)


Recognition and Awards
GoHealth has been recognized as one of Chicago’s Best and Brightest Companies to Work For in 2016, 2017, and 2018. The company was also named to the Inc. 5000 list of America’s fastest-growing companies in 2017, 2018, and 2019. In 2020, GoHealth was named to the Crain's Chicago Business Fast 50 list and to the CNBC Upstart 100.

References
GoHealth
Leadership team

Mr. Brandon M. Cruz (Co-Founder & Non-Exec. Co-Chairman)

Mr. Clinton P. Jones (Co-Founder & Exec. Co-Chairman)

Mr. Brian P. Farley (Chief Legal Officer & Corp. Sec.)

Products/ Services
Health Care, Health Insurance, Insurance, InsurTech, Life Insurance
Number of Employees
1,000 - 20,000
Headquarters
Chicago, Illinois, United States
Established
2001
Company Registration
SEC CIK number: 0001808220
Revenue
Above - 1B
Traded as
GOCO
Social Media
Sat Feb 24 2024
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