Lightyear Capital has announced that affiliated investment funds will acquire an indirect controlling stake in Health Plan One (HPOne).
HPOne, based in Trumbull, Conn., is a digital insurance broker focused on the Medicare market.
Lightyear, based in New York, is private equity firm focused on financial services in healthcare and other sectors. Founded in 2000, Lightyear prefers to make control investments in North America-based middle-market companies.
The transaction is expected to close in July 2020. Terms were not disclosed.