Riverside completes add-on investment to Wondr Health Platform (Private Equity Wire):
The Riverside Company, a global private investor focused on the smaller end of the middle market, has invested in eMindful, a provider of evidence-based, mindfulness programmes for everyday life and chronic conditions.
The investment is an add-on to Riverside’s Wondr Health (formerly Naturally Slim), a digital behavioral change company focused on weight management and preventing chronic disease within the employer-sponsored space.
This partnership builds on the clinical expertise and outcomes of the Wondr and eMindful offerings, creating a unique combination that not only addresses two top cost drivers – obesity and poor mental health – but builds a foundation of preventive care that improves the efficacy of an employer’s disease management programs. Together, utilising curriculum-based skills-building, applied mindfulness and behaviour change, the solutions help employers achieve the best health outcomes and highest ROI and drive engagement throughout their entire benefits platform.
Wondr has acquired eMindful, a provider of evidence-based mindfulness programs for everyday life and chronic conditions … Together, Wondr and eMindful now bring employers and their employees an enhanced offering, inclusive of tailored and personalized digital and live solutions, to address the full continuum of mind and body wellbeing—all under one umbrella. The Wondr and eMindful solutions create the perfect combination of mental and physical care that provides participants with the right solutions at the right time through applied mindfulness and resiliency skill-building. The acquisition also aligns culturally, clinically, and scientifically with Wondr’s existing mission and expands the reach of the combined company’s digital and live offerings to serve an even larger population…
Under terms of the agreement, eMindful will continue to operate under the eMindful name and will now be part of the Wondr Health family of brands. eMindful’s management team will remain in place, and the combined company will now operate out of dual headquarters in Dallas, TX and Orlando, FL.
The Announcement in Context:
- Meditation apps have gone mainstream in the covid-19 era
- The State of Mindfulness Science: 10 Key Research Findings to Encourage and Guide your Meditation Practice
- Want to feel more Calm, get some Headspace, and practice Mindfulness Daily?
- Meditation app Headspace raises $93 million in equity and debt
- Solving the Brain Fitness Puzzle Is the Key to Self-Empowered Aging