S&S Health Receives Growth Investment from Lovell Minnick Partners
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CINCINNATI ~ S&S Health, a leading provider of administration and technology solutions for health plans for small and mid-sized businesses (SMBs), has received a majority growth investment from Lovell Minnick Partners LLC ("LMP"), a private equity firm focused on investments in financial services, business services, and financial technology companies.

Founded in 1994, S&S partners with brokers, program managers, carriers, and other third-party administrators to offer comprehensive healthcare services and coverage. The Company's proprietary claims adjudication platform enables them to support any plan design, level of complexity and account structure to offer cost-effective, tailored solutions for employers. In addition to benefit plan administration, the Company provides employers with provider network access and a marketplace of solutions for wellness and cost containment strategies.

Vincent Esposito, CEO of S&S said "The partnership with LMP represents an exciting chapter in our Company's history. We are confident that LMP's extensive experience and resources will empower us to provide even more cutting-edge healthcare solutions to market and make a positive impact on benefit administration and cost containment strategies. Our dedication to delivering exceptional healthcare services remains unchanged, and with LMP as our new partner, we are poised to elevate our client experience to new heights and remain a reliable partner our clients can count on."

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Brad Armstrong, Partner at LMP said "We have a strong history of forming successful partnerships with technology-driven companies led by dynamic management teams known for their client-centric approach and a track record of organic growth. We believe that with our resources and strategic guidance, S&S will continue to be a leader in the benefits marketplace and provide their clients with the highest quality of service."

Jason Klein, Principal at LMP added "S&S' commitment to innovation, exceptional track record, and talented team makes them a natural fit for our portfolio. Their proprietary technology platform, strong relationship with clients and partners, and commitment to driving successful outcomes should position them very well for continued growth."

The transaction is expected to close in the fourth quarter of 2023 subject to customary regulatory reviews and approvals. Waller Helms Advisors served as financial advisor to S&S while Harris Williams served as financial advisor to LMP. Baker Donelson served as legal advisor to S&S while Schulte Roth & Zabel served as legal advisor to LMP.

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Today's announcement marks an exciting chapter in the history of S&S Health as they embark on this strategic partnership which will enable them advance organic growth initiatives; enhance operational efficiency; accelerate their mission; improve healthcare outcomes nationwide; provide even more cutting-edge healthcare solutions; elevate their client experience; remain a reliable partner their clients can count on; become leaders in the benefits marketplace; provide their clients with the highest quality of service; position themselves very well for continued growth; close the transaction subject customary regulatory reviews & approvals; receive financial advice from Waller Helms Advisors & Harris Williams respectively; receive legal advice from Baker Donelson & Schulte Roth & Zabel respectively.
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