Carlyle-backed Included Health to acquire Firefly Health
- The transaction is expected to close in the third quarter of 2026
- Fay Rotenberg serves as CEO of Firefly Health
Included Health, which is backed by Carlyle, has agreed to acquire Firefly Health, a Watertown, Massachusetts-based health plan and advanced primary care company. No financial terms were disclosed.
San Francisco-based Included Health is a healthcare company.
The transaction is expected to close in the third quarter of 2026.
“We’ve spent years shoulder to shoulder with employers and their members, and we’ve heard the same frustration again and again — the system isn’t built around what people actually need,” said Owen Tripp, co-founder and CEO of Included Health. “That’s why Included Health and Firefly share the core belief that investing in primary care and navigating people to quality is what actually lowers unnecessary costs — not narrowing networks or shifting costs to members. We’ve seen firsthand what works, and Firefly’s proven results in total cost of care and member experience align and complement our core offerings.”
Fay Rotenberg serves as CEO of Firefly Health.
