On May 2, 2014, Employee Benefit Solutions, Inc. (“EBS” or the “Company”), a provider of healthcare cost containment solutions and wellness programs, was acquired by Pharos Capital Group.
About Employee Benefit Solutions, Inc.
EBS is a technology-enabled healthcare services company that provides consumer driven supplemental healthcare benefits and wellness programs to small and mid-sized U.S. employers. The Company’s integrated solution consists of a programmable debit card reimbursement system combined with a customizable wellness program. This integrated offering enables the Company’s clients to provide a competitive benefits package to recruit and retain employees, while achieving significant cost savings and incentivizing healthy behavior. EBS was founded in 1997 and is based in White Plains, New York.
About Pharos Capital Group
Pharos Capital Group (“Pharos”), a Nashville, TN and Dallas, TX based investment firm, makes growth capital investments in middle-market companies for expansion, acquisitions and balance sheet recapitalizations. The firm’s primary investment focus is partnering with entrepreneurs and management teams seeking capital to grow their businesses. Pharos invests opportunistically across industry sectors with particular focus on healthcare and business services.
Transaction Role
Duff & Phelps acted as the exclusive financial advisor to Employee Benefit Solutions and provided advisory services in connection with the transaction.
