Farragut Announces Successful Exit of Investment in PWN Health

WASHINGTON, D.C. – Farragut Capital Partners, Inc. (“Farragut”) is pleased to announce the successful exit of its investment in PWN Health, Inc. (“PWN Health” or the “Company”).  Farragut invested subordinated debt and preferred equity in PWN Health in 2015 to support the acquisition of the Company by EDG Partners and management.  Farragut also invested in subsequent rounds of growth capital in conjunction with EDG and management to support PWN Health’s impressive growth. 

PWN Health is a market-leading platform that facilitates diagnostic lab testing for consumers directly online, through their employers and via health plans. The Company’s services and technology solutions provide the clinical, legal, and technology framework to facilitate large-scale consumer testing across key healthcare markets.  PWN Health provides a comprehensive solution to lab testing, including connectivity to CLIA-certified labs, telehealth access to a nationwide physician and genetic counselor network, and an intuitive online platform to handle test ordering and result notifications at scale.

Alan Cuthbertson of Farragut Capital Partners said of the transaction, “Farragut is delighted to have played a part in supporting such a dynamic and successful business.  It’s been a pleasure working closely with EDG and PWN Health’s management team over the past five years to help facilitate the growth of the Company.  We wish the entire PWN Health team continued success in the next chapter of its journey.”

Sanjay Pingle, CEO of PWN Health said, “I would like to extend my thanks to Alan Cuthbertson and the entire Farragut team for their support over the last five years. In Farragut, we found a business-minded lending partner that understood and consistently worked with us in a spirit of collaboration.”

Mike Gaffney, Managing Director of EDG Partners said, “We’ve known and worked with the Farragut team for several decades.  They are great partners and worked constructively to support PWN Health’s growth and execution over the investment lifecycle.  I look forward to working with Farragut on future investments”