Vitality, also known as Vitality Group, which offers a comprehensive health and wellness platform that allows users to track their health activities, set wellness goals, and monitor progress, acquired WellSpark Health, a digital wellness company that provides customized well-being programs to employers, focusing on their employee health and wellness.
WellSpark Health was founded as a subsidiary of EmblemHealth, one of the largest nonprofit health insurers in the United States. WellSpark offers employers a coaching platform that integrates science, technology, and human connection to promote employee well-being.
The financial terms of the acquisition were not disclosed.
In the official press statement, Maia Surmava, CEO of Vitality U.S., said: “Our acquisition of WellSpark is a fantastic opportunity to introduce an innovative coaching solution that meets our clients’ diverse needs.”
“We’re excited about how this acquisition opens up new opportunities to collaborate with EmblemHealth, offering their members our full range of health and well-being solutions,” added Maia Surmava.
Vitality Group was advised by Taft as its legal counsel and Houlihan Lokey as its financial advisor.