SelectQuote Secures $350 Million Investment to Drive Healthcare Growth

The funding, led by Bain Capital, Morgan Stanley Private Credit, and Newlight Partners, aims to reduce debt, enhance financial flexibility, and expand healthcare services.

SelectQuote announced a $350 million strategic investment from Bain Capital, Morgan Stanley Private Credit, and Newlight Partners.
The funding will help recapitalize the company's balance sheet, reduce annual debt servicing costs, and provide liquidity for growth initiatives.
SelectQuote renegotiated its Senior Secured Credit Facility, securing a lower interest rate to further optimize its capital structure.
The company reported strong fiscal Q2 earnings, with a 19% year-over-year revenue increase to $481.1 million and adjusted EPS of $0.30, surpassing analyst expectations.
SelectQuote raised its fiscal 2025 revenue guidance to $1.5–$1.575 billion, reflecting confidence in its expanding healthcare services segment and strategic partnerships.