Consello Capital, the private equity arm of Consello - which is led by Tipperary born businessman Declan Kelly and which counts American football legend Tom Brady as one of its partners - has made its second acquisition in ten months with a deal for US preventative healthcare company EHE.
EHE Health works with companies to reduce healthcare costs and help employees and their beneficiaries live healthier lives. Among its services, it facilitates preventive care exams, which are offered through the company's US network of more than 200 clinics and physician practices.
The US has the highest health expenditure per capita of all Western and developed countries but only 8% of Americans undergo routine preventive screenings and as a result, missed healthcare prevention opportunities cost the US upwards of $55 billion every year.
"Company C-suites are becoming increasingly aware of the benefits associated with offering more comprehensive preventive healthcare to employees," said Declan Kelly, Chairman and CEO of Consello.
"EHE is already aligned with some of the world's most progressive employers, and we believe it has a tremendous opportunity to further expand while also making a substantial contribution to public health," Mr Kelly added.
"EHE has built an excellent reputation and demonstrated its ability to partner with some of the world's largest companies. It offers a compelling value proposition in the form of bettering people’s lives and consistently generates a positive return on investment for employers seeking to lower healthcare costs," said Peter Morrow, Managing Partner of Consello Capital.
"We are thrilled to partner with Consello Capital for the next phase of our company’s journey," said Chris Bird, CEO of EHE Health.
"Consello brings a powerful mix of capital, an experienced investment team well-versed in scaling enterprises and a significant professional network that will unlock business development opportunities for us," he added.
