The Chicago-based company said in a Sept. 26 news release that the funding will be used to enhance its balance sheet, invest further in new technologies and expand its Medicare Advantage platform, Encompass.
The investment comes after the company laid off 800 employees in early August, or about 20 percent of its workforce.
“It was only after an exhaustive analysis of our business needs and extensive consideration that we agreed this was the path forward to secure our long-term future and enable GoHealth to achieve its full potential,” CEO Vijay Kotte said.
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