Frontier Capital Completes Sale of SimplyWell

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Haley Cheek

Haley Cheek

Vice President of Investor Relations

January 10, 2019
Frontier News

We are pleased to announce our exit in SimplyWell (formerly Viverae), a leading employer health and wellness platform. SimplyWell has been acquired by Virgin Pulse, the world's largest, most comprehensive digital health, well-being and engagement company, and a portfolio company of Marlin Equity Partners.

SimplyWell offers a comprehensive suite of solutions that balance culture and care by bridging the gap between the support employees want and the solutions employers need. Its configurable wellness programs deliver results by connecting individuals to the technology, partners, and people needed to drive meaningful results and create healthy workplace cultures.

SimplyWell's robust analytics and claims reporting capabilities will be integrated into the Virgin Pulse platform to provide clients with deeper insight into health issues and key healthcare cost drivers that can be analyzed and supported with claims data. SimplyWell also provides access to condition management across an industry-leading 22 identifiable conditions, including heart disease, diabetes, and obesity – significantly extending Virgin Pulse's current coaching offerings and allows the company to offer an end-to-end suite of live services to support all employees.

During our partnership with SimplyWell, we helped to bolster talent within the company’s management team, while providing leadership guidance with strategic initiatives to enhance growth and EBITDA.  In addition, we successfully helped to effectuate and integrate two add-on acquisitions.

Piper Jaffray served as the exclusive financial advisor to SimplyWell on the transaction.

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