August 7, 2024 Newswires

Cresso Health Launches to Build Healthcare Insurtech Innovator

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

NEW YORK--(BUSINESS WIRE)--
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.