Lifespeak To Acquire Wellbeats – A U.S.-Based On-Demand B2B Physical Wellbeing Platform – For Up To Us$92.5 Million
Acquiring Company
LifeSpeak
Acquired Company
U.S.-Based On-Demand Wellbeing
TorontoSoftwareFitnessWellnesshealth, wellness & fitnessDescription
LifeSpeak Inc. (“LifeSpeak” or the “Company”) (TSX: LSPK), the leading mental health and total wellbeing platform for employers, health plans, and insurance companies, today announced that it has signed a definitive agreement to acquire U.S.-based Wellbeats Inc. (“Wellbeats”) for up to US$92.5 million. Wellbeats, a Minnesota-based market-leading provider of an on-demand, software-as-a-service (“SaaS”) physical wellbeing platform, serves a diverse client base of 400+ U.S. and international enterprise clients. With a combined 30 years of experience as respective leaders in digital health education and physical wellbeing, the acquisition supercharges LifeSpeak’s ability to meet rapidly growing demand from organizations for a comprehensive, single-vendor solution to meet mental and physical health support needs.
Quick answer
LifeSpeak is acquiring U.S.-Based On-Demand Wellbeing for $92.5 million, announced February 14, 2022. LifeSpeak is based in Toronto, Ontario, Canada.
- How much did LifeSpeak pay for U.S.-Based On-Demand Wellbeing?
- The reported deal value is $92.5 million.
- What does LifeSpeak do?
- LifeSpeak Inc. is the leading provider of digital preventative wellbeing solutions, supporting over 14 million users across more than 1,000 organizations worldwide.
- Where are LifeSpeak and U.S.-Based On-Demand Wellbeing based?
- LifeSpeak is based in Toronto, Ontario, Canada.
- Who are the decision-makers at LifeSpeak?
- Fundz holds 2 contacts at LifeSpeak. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Fitness and Wellness
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- Lifespeak Completes Acquisition Of U.S.-Based Wellbeats, Solidifying Its Lead Position In The Saas Mental Health And Total Wellbeing Market (March 1, 2022)
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- Ntt Data Acquires Vectorform To Expand Its Digital Strategy, Innovation And Design Thinking Capabilities (March 28, 2022)
- Hy-Tek Holdings Acquires Fascor And Lcs (March 28, 2022)
Who to call at LifeSpeak, and when
When LifeSpeak changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day LifeSpeak raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at LifeSpeak, from your own LinkedIn network
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Frequently asked
Who acquired U.S.-Based On-Demand Wellbeing?
U.S.-Based On-Demand Wellbeing was acquired by LifeSpeak, based in Toronto. The deal was reported on February 14, 2022. LifeSpeak Inc. is the leading provider of digital preventative wellbeing solutions, supporting over 14 million users across more than 1,000 organizations worldwide. LifeSpeak is privately held and operates in Software.
When did LifeSpeak acquire U.S.-Based On-Demand Wellbeing?
LifeSpeak's acquisition of U.S.-Based On-Demand Wellbeing was reported on February 14, 2022. LifeSpeak Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does U.S.-Based On-Demand Wellbeing do?
U.S.-Based On-Demand Wellbeing is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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