We are honored to partner with McCarthy Capital
OMAHA, Neb. (PRWEB) March 10, 2008
COCO Development integrates the SaaS technology in its web-based COBRA software with BPO services to improve its COBRA administration customers' efficiency and profitability. The company's founders previously built one of the nation's largest COBRA compliance and retiree billing administrators. The company has drawn upon this experience to develop an integrated suite of services including web-based COBRA software, payment processing, and mail fulfillment services. The implementation model and scalability of these services enables large insurance carriers to provide COBRA administration and retiree billing services and empowers regional administrators to compete nationally.
"We are honored to partner with McCarthy Capital," said John Jenkins, CEO of COCO Development. "The wisdom and experience of the McCarthy team are as valuable to us as the growth capital they provide. We could not be more pleased with this relationship."
The investment in COCO Development is consistent with McCarthy Capital's investment strategy - partnering with proven management teams at leading companies in high-growth markets. McCarthy Capital's investment will support management's plan for growth and expansion into the payor market in the coming years.
"We are excited about our new partnership with John Jenkins and the other employee owners of COCO Development," said Patrick Duffy, a principal at McCarthy Capital. "The company has an opportunity to build a significant market position with its proprietary, scaleable technology, and its experienced management team."
About McCarthy Capital
McCarthy Capital Corporation is an Omaha-based private equity firm with approximately $1 billion under management. McCarthy Capital is a subsidiary of McCarthy Group, LLC.