PHILADELPHIA, Feb. 4, 2025 /PRNewswire/ -- ParetoHealth appoints Maeve O'Meara as its Chief Executive Officer. O'Meara, who has served as President since September 2023, will succeed Andrew Cavenagh, the company's co-founder, who will remain deeply engaged in the business in the role of Executive Chairman.
O'Meara brings 20 years of leadership in healthcare and technology, having previously served as CEO of Castlight Health, where she transformed the business into a market-leading navigation platform serving millions of Americans. "This is an exciting milestone for ParetoHealth and reflects that our best years are in front of us. Maeve lives our core values and brings a unique combination of leadership, vision, and operational rigor to lead us in this next chapter," said Andrew Cavenagh, Executive Chairman of ParetoHealth.
Since joining ParetoHealth, O'Meara has led initiatives to deepen consultant and member engagement, put in place the technology and infrastructure to operate at scale, and built out the leadership team. This work supports ParetoHealth's continued mission to eliminate volatility and lower health benefits costs for midsize employers. A savings study from 2024 shows Members of the community realize 16.5% annual savings compared to traditional insurance.
"I'm honored to lead a team that has truly challenged the status quo in enabling midsize employers to offer more affordable health benefits," said O'Meara. "It is a privilege to partner with our incredible consultant and employer community to continue to innovate and redefine what is possible."
"Maeve has already proven herself as an exceptional leader, strengthening the company's infrastructure while guiding the team through another record-breaking sales year," said Rafael Cofiño, Managing Director at Great Hill Partners and Board member at ParetoHealth. "We could not think of a better successor to Andrew, who has done a tremendous job leading the company since inception and will remain an active partner as ParetoHealth continues to help employers rein in their healthcare spend," added Cem Behmoaram, Managing Director at Warburg Pincus and Board member at ParetoHealth.
To learn more about ParetoHealth's solutions for midsize employers and consultants, visit paretohealth.com.
About ParetoHealth
Traditional health insurance is failing small and midsize employers. ParetoHealth unites employers with 50-1,000 employees into one strong, like-minded community that unlocks a better way to eliminate volatility and lower overall health benefits costs. More than 3,300 employers have joined ParetoHealth on the right side of the fight, representing over 1 million covered lives and $6.6 billion in healthcare spend under management. Learn more at www.paretohealth.com.
About Great Hill Partners
Founded in 1998, Great Hill Partners is a private equity firm targeting investments of $100 million to $500 million in high-growth companies across the software, financial services, healthcare, consumer, and business services sectors. With offices in Boston and London, Great Hill has raised over $12 billion of commitments and invested in more than 100 companies, establishing an extensive track record of building long-term partnerships with entrepreneurs and providing flexible resources to help middle-market companies scale. Great Hill has been recognized for its industry leadership, being ranked in the top five of HEC Paris-Dow Jones' Mid-Market Buyout and Performance Ranking lists from 2021-2023. For more information, including a list of all Great Hill investments, visit www.greathillpartners.com.
About Warburg Pincus
Warburg Pincus LLC is the pioneer of private equity global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $86 billion in assets under management, and more than 230 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.
The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com or follow us on LinkedIn.
SOURCE ParetoHealth
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