Wellable, a provider of employee wellness, rewards and recognition technology, has acquired assets of MyLifeWell, a corporate wellness platform offering integrated physical, mental, social and emotional well-being services.
The acquisition will bring MyLifeWell’s customers onto the Wellable Platform, giving them access to a broader range of employee wellness programs, engagement tools and personalized support services. Financial terms of the transaction were not disclosed.
Wellable will integrate MyLifeWell’s customers into its existing platform, combining holistic wellness programs with employee rewards, recognition and benefits services.
Founded in 2020, MyLifeWell provides organizations with a centralized platform for managing employee wellness activities, including fitness classes, mental health resources, nutrition tracking and incentive programs.
The transaction expands Wellable’s customer base and brings together two companies focused on workplace health and employee engagement.
MyLifeWell customers to transition to Wellable Platform
MyLifeWell’s existing customers will move to the Wellable Platform, which offers wellness challenges, fitness and mindfulness content, nutrition programs and employee engagement tools.
The transition will give organizations access to additional services, including personalized health coaching, lifestyle spending accounts (LSAs), benefits navigation, employee rewards and recognition, and on-site and virtual wellness services.
MyLifeWell customers will gain access to Wellable’s expanded content library, wellness challenges, personalized coaching and employee benefits solutions.
Wellable CEO Nick Patel said the company intends to build on MyLifeWell’s existing approach to employee wellness while maintaining support for its clients. He added that MyLifeWell had developed a holistic employee wellness model and that Wellable would continue providing well-being and engagement programs to its customers.
MyLifeWell combines physical and mental wellness services
MyLifeWell was established in 2020 as a corporate wellness platform designed to address multiple aspects of employee health through a single system. Its services include on-demand fitness classes, guided meditation, nutrition tracking, wellness challenges, health assessments and incentive management.
The company has provided wellness programs to organizations across the United States, including the National Association of Realtors (NAR), Kids in Need of Defense (KIND) and CCS Global Tech.
MyLifeWell integrates physical, mental, social and emotional well-being into one employee wellness platform, allowing organizations to manage multiple programs centrally.
In 2022, HR Tech Outlook recognized MyLifeWell as a Top Emerging Employee Wellness Company.
Gaurav Goomer, founder and CEO of MyLifeWell, said the acquisition would allow the company’s approach to employee wellness to continue under a provider with similar objectives. “MyLifeWell was created to give employees one place to support every dimension of their wellness,” Goomer said.
Wellable expands employee engagement and benefits services
The acquisition extends Wellable’s employee wellness offering by bringing MyLifeWell’s customers into a platform that combines health programs with broader employee engagement services.
Wellable provides technology for workplace wellness initiatives, rewards and recognition, lifestyle spending accounts and benefits navigation.
Its platform also supports personalized coaching and virtual or on-site wellness services, allowing employers to offer programs covering different employee health and engagement needs.
The combined offering will provide employers with wellness content, incentive management, employee recognition and benefits support through the Wellable Platform.
MyLifeWell’s founder said the companies share a commitment to employee well-being, describing Wellable as a partner capable of supporting the next stage of the platform’s development.
Following the transaction, MyLifeWell customers will be able to use Wellable’s technology, wellness challenge options and content library, alongside its existing rewards, coaching and benefits services.
