Marathon Health, a Winooski, VT-based provider of employer health centers, received an investment from global growth equity firm General Atlantic.
The amount of the deal was not disclosed. Along with the transaction, General Atlantic became the majority owner of Marathon, while Goldman Sachs’ Private Capital Investing Division has exited its approximately three-year partnership with the Company.
As part of it, Robbert Vorhoff and Jon Michael Reese, Vice President in General Atlantic’s Healthcare sector, will join the Board of Marathon Health.
The company will use the proceeds from the investment to further scale its operations and footprint to serve employees, spouses, and dependents across the United States.
Founded in 2005 by Richard E. Tarrant and led by Jerry Ford, CEO, Marathon focuses on providing access to healthcare services for employees while decreasing employers’ total cost of care and employees’ out-of-pocket healthcare expenses. The company’s services include a full range of technology-enabled primary care, physical therapy, behavioral health, health coaching, pharmacy dispensing, and other services.
Marathon Health supports its model with an eHealth Portal delivering medical content, interactive diet and fitness tools, a personal health record, and an electronic medical record to manage care.