Under the agreement, General Atlantic became the majority owner of Winooski, Vt.-based Marathon Health, and Goldman Sachs’ capital investment arm ended its three-year partnership with the company.
Marathon helps employers set up onsite health clinics in an effort to improve employee health and wellness, while also cutting healthcare costs.
“The U.S. healthcare system is at a critical inflection point. We believe Marathon Health is well-positioned to capitalize on this shift and provide a holistic solution to employers and their employees across the country, containing employer expenditures while simultaneously improving patient health and well-being,” said Robbert Vorhoff, managing director and global head of healthcare at General Atlantic, which is based in New York City.
Mr. Vorhoff and Jon Michael, president of General Atlantic’s healthcare sector, will join Marathon’s board.
Financial terms of the agreement were not disclosed.
More articles on healthcare industry transactions:
Ascension sells Connecticut hospital
Illinois health system grows to 5 hospitals
Ochsner takes over Louisiana hospital as LifePoint exits market
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