LifeSpeak (TSX: LSPK), the leading mental health and total wellbeing platform for employers, health plans and insurance companies, has completed the acquisition of U.S.-based Wellbeats for up to US$92.5 million. According to the update, this is LifeSpeak’s fourth acquisition since its IPO in July of 2021. A Minnesota-based market-leading provider of an on-demand, software-as-a-service (“SaaS”) physical wellbeing platform, Wellbeats serves a diverse base of 400+ U.S. and international enterprise clients. The acquisition supercharges LifeSpeak’s ability to meet rapidly growing demand for a comprehensive, single-vendor solution to meet mental and physical health support needs.
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About LifeSpeak
LifeSpeak is a leading software-as-a-service provider of a platform for mental health and total wellbeing education for organizations committed to taking care of their employees and customers. With 17+ years of experience creating and curating thousands of expert-led micro-learning videos and other digital content, LifeSpeak’s proprietary library’s depth and breadth of easily consumable content helps companies around the world support their people anytime and anywhere. LifeSpeak serves a diverse global client base across many industries and sectors, including Fortune 500 companies, government agencies, insurance providers, and other health technology firms. LifeSpeak is the parent company of Lift Digital Inc. (“LIFT” or “LIFT session”), ALAViDA Health Ltd., and EnCompass Education Solutions (“Torchlight”). For more information, please visit www.LifeSpeak.com.
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