Maeve O’Meara Leads ParetoHealth as New CEO

Company - People | Feb 04, 2025 | Great Hill Partners

ParetoHealth has appointed Maeve O'Meara as its Chief Executive Officer, succeeding co-founder Andrew Cavenagh, who will assume the role of Executive Chairman. O'Meara, who became President in September 2023, is recognized for her transformative role at Castlight Health, where she led the company to become a leading navigation platform. At ParetoHealth, O'Meara has already made significant strides by strengthening consultant and member engagement and expanding the company's operational infrastructure. Her contributions align with the firm's mission to reduce health benefits costs for medium-sized employers. Managing Directors from Great Hill Partners and Warburg Pincus, both investors in ParetoHealth, have expressed their support and confidence in her leadership, noting her prowess in guiding the company to another successful sales year. Great Hill Partners, a PE firm with expertise in high-growth sectors, has made substantial investments in companies like ParetoHealth, furthering its industry influence.

Sectors

  • Healthcare
  • Private Equity
  • Technology

Geography

  • United States – ParetoHealth operates predominantly in the U.S. and serves American employers by managing health benefits.
  • United Kingdom – Great Hill Partners has a presence in London, indicating its transatlantic investment strategy.

Industry

  • Healthcare – ParetoHealth is involved in healthcare by managing health benefits costs for midsize employers.
  • Private Equity – Great Hill Partners, a major private equity firm, is involved as an investor in ParetoHealth.
  • Technology – Maeve O'Meara's background in technology is relevant due to her role in transforming businesses with innovative solutions.

Financials

    Participants

    NameRoleTypeDescription
    ParetoHealthTarget CompanyCompanyA firm that provides solutions to manage and reduce healthcare costs for midsize employers.
    Great Hill PartnersInvestorCompanyA private equity firm focusing on high-growth sectors, including healthcare and technology.
    Warburg PincusInvestorCompanyA global private equity firm with significant assets under management, invested in various sectors.
    Maeve O’MearaCEOPersonRecently appointed CEO of ParetoHealth, bringing extensive experience in the healthcare and technology sectors.
    Andrew CavenaghExecutive ChairmanPersonCo-founder of ParetoHealth, transitioning to Executive Chairman while remaining involved in strategic decision-making.
    Rafael CofiñoBoard MemberPersonManaging Director at Great Hill Partners and board member at ParetoHealth.
    Cem BehmoaramBoard MemberPersonManaging Director at Warburg Pincus and board member at ParetoHealth.