Virgin Pulse, HealthComp finalize merger

PROVIDENCE – Rhode Island-based digital health company Virgin Pulse has completed its plans to merge a California benefits and analytics platform, the companies confirmed last week.

Virgin Pulse and HealthComp, headquartered in Fresno, first announced their intentions to merge in September. In a joint statement released last Thursday, the companies said that the merger will aim to provide a “holistic approach that brings together engaging technology, data and expert services in an all-in-one platform.”

The companies have also pledged to create health plan designs that will result in an average of $3,000 in annual savings per employee, as well as more advocacy, support and navigation services for patients.

Virgin Pulse CEO Chris Michalak, who now heads both companies, said in a statement that the merger will unite the companies “as one purpose-driven organization with the technology, talent and opportunity to radically change how people engage with and navigate the healthcare ecosystem.”

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Under the merger, New York private equity firm New Mountain Capital owns the majority of the combined entity.

Jacquelyn Voghel is a PBN staff writer. You may reach her at Voghel@PBN.com.