Fullscript and Hub: A New Era of Investment in Healthcare and Insurance

May 13, 2025, 3:52 am
Leonard Green Partners
Leonard Green Partners
Employees: 51-200
In the world of finance, investments are like seeds. Some grow into towering trees, while others wither away. Recently, two companies, Fullscript and Hub International, have attracted significant investments, signaling a shift in their respective industries. These investments are not just numbers; they represent confidence, growth, and a vision for the future.

Fullscript, a healthcare platform founded in 2011, has recently secured an expanded investment from HGGC and Snapdragon Capital Partners. This infusion of capital is a vote of confidence in Fullscript’s mission to transform healthcare. The company specializes in whole-person care, providing healthcare providers with tools to prescribe evidence-based supplements and manage lab capabilities. With over 100,000 providers and 10 million patients in its network, Fullscript is a key player in the shift towards preventative health.

The latest investment is not just about money; it’s about belief in a model that bridges the gap between providers and patients. Fullscript’s approach is akin to a bridge connecting two shores. On one side, healthcare providers armed with advanced tools; on the other, patients seeking personalized care. This investment will allow Fullscript to enhance its technology and expand its services, ensuring that more practitioners can deliver proactive care.

In a parallel development, Hub International, a major player in the insurance brokerage space, has entered into a definitive agreement for a minority equity investment of approximately $1.6 billion. This investment values Hub at a staggering $29 billion, making it the largest enterprise value for a private insurance broker. The funds are led by T. Rowe Price, Alpha Wave Global, and Temasek, among others.

Hub’s journey has been remarkable. In just over a decade, its valuation has skyrocketed from $4.4 billion in 2013 to $29 billion today. This meteoric rise is underpinned by a fourfold increase in annual revenue, from $1.1 billion to $4.8 billion. Such growth is not merely a stroke of luck; it reflects Hub’s strategic focus on middle-market clients and its commitment to innovation.

The investment in Hub is more than just a financial transaction. It represents a strategic move to provide liquidity to existing shareholders while fueling growth initiatives. The company’s management team retains a significant equity position, ensuring that those who understand the business best remain at the helm. This is a classic case of aligning interests—keeping the management motivated while attracting new capital for expansion.

Both Fullscript and Hub are navigating their respective landscapes with a clear vision. Fullscript aims to empower healthcare providers, while Hub focuses on delivering specialized risk management solutions. Their success stories are intertwined with the broader trends in healthcare and insurance. As the world shifts towards a more integrated approach to health and risk management, these companies are at the forefront.

Investments in these firms are a reflection of a larger trend. Investors are increasingly looking for companies that not only show promise but also have a clear path to sustainable growth. Fullscript’s model of whole-person care and Hub’s expertise in the middle market are prime examples of this shift. They are not just reacting to market demands; they are shaping the future of their industries.

The healthcare landscape is evolving. Patients are no longer passive recipients of care; they are active participants in their health journeys. Fullscript’s platform empowers providers to engage patients in a meaningful way. This is crucial in a world where preventative care is becoming the norm rather than the exception. The investment in Fullscript is a testament to the belief that the future of healthcare lies in personalized, proactive approaches.

Similarly, Hub’s focus on the middle market reflects a growing recognition of the unique needs of this segment. As businesses face increasing risks, the demand for specialized insurance solutions is rising. Hub’s commitment to innovation and strategic acquisitions positions it well to meet these challenges head-on. The investment in Hub is not just about capital; it’s about enhancing capabilities and ensuring that the company remains a leader in its field.

In conclusion, the recent investments in Fullscript and Hub International are more than financial transactions. They are strategic moves that reflect confidence in the future of healthcare and insurance. Both companies are poised for growth, driven by a commitment to innovation and a clear understanding of their markets. As they continue to evolve, they will undoubtedly play pivotal roles in shaping the future of their industries. Investors are not just betting on numbers; they are investing in visions that promise to transform lives. The seeds have been planted, and the future looks bright.