CHICAGO, July 1, 2015 /PRNewswire/ -- Interactive Health, the largest independent provider of integrated workplace wellness solutions to organizations in the United States, announced today that it has signed an agreement to bring on a new financial partner, FFL, a San Francisco-based private equity firm managing more than $4.5 billion in assets. Terms of the private transaction were not disclosed.
For more than two decades, Interactive Health has worked with employers to create innovative wellness programs that actively engage employees to make lasting behavior changes and improve overall health. Studies have shown Interactive Health customers spend approximately 20 percent less on medical costs than other companies and experience reduced health-related employee absences. Delivering this value has helped the company achieve annual growth of more than 30 percent over the last decade.
"I am excited and proud to work with the entire team at FFL," said Cathy Kenworthy, President and CEO of Interactive Health. "Their commitment to creating value through company growth and operational excellence, and their understanding of the healthcare sector and shared desire to improve individual outcomes make them a terrific partner for our company and our clients. I'm confident FFL's resources and knowledge will help us attain our next level of success."
"We are very excited about our partnership with Interactive Health, which is leading the way in the fast-growing employee health sector," said FFL Senior Managing Director Aaron Money. "What really drew us to the company is the great team—Cathy, senior management, and all levels of the organization. We've heard nothing but positive feedback from Interactive Health customers on their experiences with the people delivering the services, and that's the type of company we love to support."
Interactive Health serves more than 2,000 employers and 750,000 program participants throughout the U.S., Canada, the United Kingdom and Turkey, and has plans for further geographic expansion in Europe and Central America.
"We help leading companies realize the strategic, financial and practical benefits of employee well-being through proven programs that deliver measurable results," Kenworthy said. "We look forward to working with FFL to further our mission of improving individual health in America and beyond."
About Interactive Health
Interactive Health (www.interactivehealthinc.com), the country's leading provider of health management solutions, creates innovative wellness programs designed to increase overall company health and actively engage employees to make lasting behavior changes. Regardless of where a company may fall on the wellness spectrum, Interactive Health has a highly personalized program to meet its needs. By offering health assessments that detect risk at the earliest possible stage, Interactive Health has the capability to immediately intervene and engage at-risk participants with a personalized course of action. Using ActiveEngine, a proprietary algorithmic-based clinical intelligence engine, a unique achievable goal is assigned to each participant based on individual results, and health improvements are measured. Interactive Health has a 20-year track record of creating the Healthiest Companies in America.
FFL is a San Francisco-based private equity firm with over $4.5 billion under management. For over fifteen years, the firm has helped build industry-leading companies, providing capital and advice to exceptional management teams to grow businesses and unlock value. FFL has deep experience in investing and operations, and has brought large-company best practices and professional networks to smaller companies. Business growth has provided over 75% of the value created by FFL for its investors. FFL invests in consumer products and services, financial services, healthcare services, and business services. For additional information about FFL, please visit FFL's website at www.fflpartners.com.
SOURCE Interactive Health