Cresso Health Launches to Build Healthcare Insurtech Innovator
August 07 2024 - 7:30AM
Business Wire
Omnichannel Platform to Serve Leading Health Plans Across Member
Acquisition, Enrollment and Retention
Substantial Investment from Healthcare Growth Equity Firm
Cypress Ridge to Accelerate Expansion
Cresso Health, a technology-enabled provider of sales and
marketing solutions for leading health insurance carriers in the
United States, today announced its formal launch. Co-founded by
industry veterans Frank Pistone, Mike Bully and Gabe Tovar, the
company provides enrollment solutions focused exclusively on the
high-growth government-sponsored health insurance market.
“Health insurance distribution is a dynamic and rapidly evolving
industry,” said Mr. Pistone, CEO of Cresso Health. “We launched
Cresso with the independent agency in mind, delivering a capability
set that will enable our partner agencies to best serve their
respective consumers.”
Cypress Ridge Capital, a healthcare-focused growth equity firm,
has made a significant investment in the company to accelerate its
growth and further expand its product offering and geographic
footprint.
“Healthcare beneficiaries are in need of innovative solutions
that facilitate convenient, transparent and unbiased access to plan
selection,” said Andrew Pardo, Cypress Ridge Managing Partner.
“This idea is at the core of Cresso’s mission to assist consumers
in navigating hundreds of plan options to meet their individual
needs.”
Chris Petrini, Cypress Ridge Managing Partner, added, “Cresso’s
unique partnership model, strategic agent support capabilities, and
broad product portfolio position the company well against an
attractive macro backdrop. We look forward to partnering with
Frank, Mike, Gabe, and the rest of the Cresso team to accelerate
our shared vision for growth.”
About Cresso Health
Cresso Health is a member acquisition and enrollment platform
focused exclusively on the government-sponsored health plan market.
The company markets and distributes health insurance products on
behalf of leading insurance carriers through its network of
independent agents and agencies. For more information, please visit
http://www.cressohealth.com.
About Cypress Ridge Capital
Cypress Ridge Capital is a U.S. growth equity firm focused
exclusively on healthcare. The firm takes a highly thematic
approach to healthcare investing, leveraging deep industry
expertise and an extensive network of functional experts to
identify and execute investments, accelerate growth, and drive
value creation. For more information, please visit
http://www.cypressridgecap.com.
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