BPOC sells Health-E Commerce to HIG Capital

• William Blair & Company acted as lead financial advisor to HEC on the transaction, and Raymond James also served as financial advisor
• Chicago-based BPOC invests in healthcare companies
• HIG Capital, based in Miami, was founded in 1993

HIG Capital acquired Health-E Commerce from BPOC. No financial terms were disclosed.

HEC is a New York-based e-commerce retailer offering products eligible for Flexible Spending Accounts, Savings Accounts, and telehealth services.

“It has been an honor to work with the Health-E Commerce team and support the company through this period of impressive growth. Health-E Commerce consistently provides its customers with high-quality products and services that meet FSA and HSA criteria. Our partnership with management and the company’s strategic progress have strengthened our promise to clients and delivered great results for the company,” Grant Patrick, partner at BPOC, said in a statement. “We wish the team continued success.”

William Blair & Company acted as lead financial advisor to HEC on the transaction, and Raymond James also served as financial advisor. Paul Hastings LLP served as HEC’s legal advisor on the transaction.

HEK was established in 2010.

Chicago-based BPOC invests in healthcare companies.

HIG Capital, based in Miami, was established in 1993.