Connecture (CNXR) Misses Q4 EPS by 7c; Enters Agreement for $52M Investment
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Connecture Reports Financial Results for Fourth Quarter and Full Year 2015
March 14, 2016 4:10 PM EDTBROOKFIELD, Wis., March 14, 2016 (GLOBE NEWSWIRE) -- Connecture, Inc. (Nasdaq: CNXR), a provider of web-based information systems used to create health insurance marketplaces, today announced financial results for the quarter and full year ended December 31, 2015.
The fourth quarter of 2015 capped an important year for Connecture, highlighted by strong overall financial performance and many other accomplishments that position us well for the future, remarked Jeff Surges, CEO of Connecture. During 2015 we extended our Medicare.gov contract and expanded our customer base by approximately 20%, including 13 new health plans and eight... More
Connecture, Inc. Announces $52 Million Investment Led By Francisco Partners
March 14, 2016 4:05 PM EDTAdditional capital helps position Company for strategic growthChrysalis Ventures to participate in investment
BROOKFIELD, Wis., March 14, 2016 (GLOBE NEWSWIRE) -- Connecture, Inc. (NASDAQ: CNXR), a provider of web-based information systems used to create health insurance marketplaces, today announced that it has executed a definitive agreement for a $52 million investment to strengthen its financial profile through reduced leverage and accelerate its growth opportunities. The investment will be led by Francisco Partners, a leading global private equity firm. The transaction, which is subject to customary closing conditions, including approval by the Companys... More
