Senior insurance company Ensurem recently announced it has been acquired by 777 Partners, a Miami-based private investment firm, in a move that will provide the company with capital for continued growth.
Financial terms of the deal were not disclosed. This acquisition follows several years of significant growth at Clearwater, Fla.-based Ensurem. In 2020, the company was named the fastest growing company in the Tampa Bay region by the Tampa Bay Business Journal.
Ensurem, a provider of transparent Medicare solutions, recently released its beta “cyber agent” technology, providing customer needs analyses, product selection, and plan enrollment services online to the senior market. In addition to the company’s growing digital services, it also runs two contact centers staffed with fully licensed insurance agents specializing in senior insurance products.
“Our vision is to provide Medicare shoppers with a more simplified shopping experience, allowing them to enroll their way whether that be online or by phone,” said Dave Rich, CEO and founder of Ensurem. “777 Partners’ acquisition provides us with the capital needed to carry forward this vision, while also giving us access to additional resources to aid in future product development and technology advancements.”
Jorge Beruff, Principal at 777 Partners, said the firm is excited to add Ensurem to 777’s diversified portfolio of insurance technology companies. “We’ve worked with Ensurem before and have followed their growth closely,” said Jorge Beruff, Principal at 777 Partners. “Ensurem has quickly gained a reputation for being a change agent in the senior insurance market, and this acquisition underscores 777’s continued commitment to the creation of innovative insurance products.”
777 Partners is focused on a broad spectrum of financial services businesses across insurance, lending, specialty finance, and financial technology. For more information, visit http://www.Ensurem.com.