HealthComp and Virgin Pulse aim to combine in a $3 billion deal to create a single technology platform allowing patients and employers to manage health plans, according to Becker’s.
Both companies have private equity investors: HealthComp is backed by New Mountain Capital, and Marlin Equity Partners backs Virgin Pulse. Announced today, the deal aims to lower healthcare costs and improve services by combining Virgin Pulse’s digital wellness platform with HealthComp’s revenue cycle systems to create a “health platform-as-a-service company” led by Virgin Pulse CEO Chris Michalak.
JPMorgan Chase’s healthcare investment arm and Blackstone are taking minority stakes in the combined company. Blackstone’s credit arm is also providing debt financing. Read more.
