1315 Capital has announced it has acquired Homestead Smart Health Plans.

Homestead Smart Health Plans, based in Philadelphia, operates in the reference-based pricing solutions market. It serves employers with a technology platform and service offerings, including third-party administration, reference-based pricing and stop-loss insurance.

1315 Capital, based in Philadelphia, is a healthcare-focused growth equity firm that invests in commercial stage companies across healthcare services, medical devices and therapeutics/pharmaceutical services. Founded in 2014, the seeks to invest between $10 million and $30 million in commercial healthcare businesses that have the potential to scale to $50 million to $150 million of revenue.

MoonSail Capital joined 1315 Capital in the investment. With offices San Juan, Puerto Rico, MoonSail is a private equity firm with a special focus in healthcare services acquisition platforms where it seeks to partner with investor groups in control buyouts.

Terms of the acquisition were not disclosed.