Transactions & News

The Bottom Line: NewSpring’s Investment in MacroHealth

NewSpring, a family of private equity strategies, today announced that NewSpring Healthcare, the Firm’s dedicated healthcare strategy, has invested in MacroHealth Solutions in partnership with TT Capital Partners.

MacroHealth is focused on providing data analytics and technology to optimize the buying and selling of health services

MacroHealth is a health information technology company that provides healthcare network optimization and claims settlement services to insurers, third-party administrators (TPAs), provider-sponsored health plans, and other payers. The results are better pricing and payment outcomes for clients via the Company’s proprietary analytics and connectivity platform.

Providing an enterprise SaaS marketplace platform to disrupt the highly cost-inefficient provider/payer market

Data and common experience confirm that American health service prices vary greatly. Two different payers for the same procedure and diagnosis at a given provider can pay significantly different net prices. MacroHealth solves for this by providing an enterprise SaaS marketplace platform where healthcare is purchased more efficiently and at lower costs. It connects payers with the most cost-effective healthcare providers they may not have had access to otherwise. The Company also allows its clients to leverage multiple data sources, including proprietary, U.S. government, and third-party network data, to analyze prior claims and ultimately make smarter plan and network decisions. 

Proceeds will accelerate the development of technology and operations

Uniquely positioned to grow quickly given the massive opportunity for its technology to lower healthcare costs, MacroHealth plans to use the proceeds from this transaction to continue developing its industry-leading technology and accelerate business growth with additional sales and marketing support. The Company plans to put significant capital directly into hiring new engineers, sales, and marketing representatives in 2020. 

The Company is led by a highly experienced management team with expertise at the cross-section of healthcare and technology

“At MacroHealth, our mission is to provide data analytics and technology that enables payers and providers to optimize the buying and selling of health services. By connecting payers with the most cost-effective healthcare providers and enabling a higher level of claims analysis, our clients see significantly lower healthcare costs compared to their competitors. We’re excited to work with the healthcare and technology experts at NewSpring to bring this powerful platform to more organizations in need.”
— Virgil Bretz, MacroHealth Co-Founder and CEO

With over 25 years of entrepreneurial experience in healthcare and technology, CEO Virgil Bretz represents exactly the type of innovative, growth-minded leader with which NewSpring Healthcare seeks to partner. Coupled with NewSpring’s deep domain expertise and passion for investing in the sector, there’s a unique opportunity to leverage this innovative technology in a way that can help modernize the healthcare landscape.

“The MacroHealth team is using technology to rewire the way healthcare is purchased for the better. The ongoing COVID-19 pandemic has only highlighted and amplified the continuing need for innovation and technology in the healthcare space and the value proposition of creating a more cost-efficient healthcare purchasing process will be even more critical in this changed market.”
— Brian Murphy, NewSpring General Partner

As part of the transaction, Brian Murphy will join the Board of Directors.

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