Lovell Minnick Partners LLC (LMP) has made a majority growth investment in S&S Health, a Cincinnati-based provider of administration and technology solutions for health plans for small and mid-sized businesses. The transaction is expected to close in the fourth quarter of 2023.
LMP is a private equity firm focused on investments in financial services, business services and financial technology companies. Since its inception, the company has raised approximately $4.75 billion of committed capital, invested in more than 50 companies and completed more than 175 add-on acquisitions.
Waller Helms Advisors served as financial advisor to S&S and Harris Williams served as financial advisor to LMP. Baker Donelson served as legal advisor to S&S and Schulte, Roth & Zabel served as legal advisor to LMP. Terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks LMP’s first healthcare transaction of the year. This also represents the third transaction announced in the health insurance support services specialty. Other companies that have announced acquisitions in that space in 2023 have been Enhance Health and Allied Benefit Systems, LLC.
