Virgin Pulse and HealthComp Announce Intent to Merge to Create Comprehensive Employer Health Platform
PROVIDENCE, R.I. and FRESNO, Calif., Sept. 27, 2023 /PRNewswire/ -- Virgin Pulse, a leading global digital-first health, wellbeing, and navigation company, today announced its intent to merge with HealthComp, a next-generation benefits and analytics platform. The merger will create a technology and data powered health platform-as-a-service organization poised to tackle some of the industry's biggest challenges. The combined entity will aim to improve health outcomes and lower costs for members and employers by empowering better information and decision making. By using an advanced technology and data platform that leverages AI, the combined organization will deploy innovative and flexible health plan designs that drive improved member health outcomes, engagement, and awareness across the most important aspects of a person's healthcare journey.
- The merger will create a technology and data powered health platform-as-a-service organization poised to tackle some of the industry's biggest challenges.
- This combination will create a set of assets that will integrate plan design, plan management, payment integrity, health navigation, preventative care, and digital therapeutics through the Homebase for Health® user-centric platform.
- "The combination of Virgin Pulse and HealthComp creates the first national value-based care platform company focused on employee health and outcomes.
- Evercore acted as financial advisor to Virgin Pulse, with Kirkland & Ellis LLP and McDermott Will & Emery LLP serving as legal advisors.