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McDermott Will & Schulte Podcast: Driving the Deal – The Rise of ICHRAs
March 10, 2026 | Insights
In this episode of McDermott Will & Schulte’s Driving the Deal podcast, Brian Fortune, Senior Managing Director at Farragut Square Group, sits down with Rebecca Springer, Senior Director of Market Development at Bailey & Company, to discuss the rapid rise of Individual Coverage Health Reimbursement Arrangements (ICHRAs).
They break down how ICHRAs work, why adoption is accelerating across employers of all sizes, and what the model means for healthcare costs, employee choice, and benefits strategy. The conversation also explores the expanding ICHRA ecosystem, including administrators, brokers, carriers, and HR platforms, and why the space is increasingly on the radar of private equity investors. Finally, Rebecca provides an update on recent policy and market developments, including ACA subsidy changes, state-level activity, and what these shifts could mean for ICHRA growth in the year ahead.
This podcast was recorded and is for informational purposes only. By accessing this podcast, you acknowledge that Bailey & Company makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured. The views, information, or opinions expressed during this podcast series are solely those of the individuals involved and do not necessarily reflect those of Bailey & Company. This podcast should not be used as a substitute for competent investment advice from a licensed professional in your state and should not be construed as an offer to make or consider any investment or course of action.
ABOUT BAILEY & COMPANY
Bailey & Company is a Nashville-based merchant banking platform focused on middle market healthcare companies in the healthcare services, healthcare technology, payer services and pharma services/medtech/life sciences sectors. As one of the largest independent, sector-focused investment banking and investing platforms in the country, Bailey & Company supports strong management teams that have built scalable platforms by providing strategic insights, world-class advice and access to one of the most diverse networks of industry experts. For more information see: www.bnco.com
