Private equity firm The Riverside Company has acquired Naturally Slim of Dallas, Texas, a digital health platform focused on helping participants reduce Metabolic Syndrome, lose weight and lead healthier lives.
Naturally Slim is a clinically proven solution that drives behavioural changes to deliver long-lasting results, including sustained weight loss and a reversal of Metabolic Syndrome risk factors that can lead to serious health conditions, like type 2 diabetes, heart disease and many forms of cancer. The company’s scalable, self-paced digital program utilises the latest behavioural health and teaching concepts to make weight loss achievable for all participants. The company primarily serves self-insured employers helping them create healthier employee populations.
“We are thrilled to be working with an already-impressive management team that addresses one of the nation’s biggest health issues,” says Riverside Managing Partner Suzy Kriscunas. “Weight gain has become a nation-wide epidemic, affecting more than 70 per cent of adults. Naturally Slim’s services not only assist in weight loss, but also reduce the factors that contribute to high-risk diseases.”
Naturally Slim is another example of Riverside’s commitment to investing in the healthcare industry. Riverside has invested in more than 30 healthcare companies since 1988 and has built a team of global experts who understand how to grow healthcare companies.
“During our investment, we plan to expand Naturally Slim’s customer base, payor network and product capabilities, focusing on offering the right solution to address employers’ health and wellness needs,” says Riverside Partner Steve Burns.
Working with Kriscunas and Burns on the deal were Partner Hunter Peterson, Operating Partner Steve Stubitz, Vice President Fei Ren, Senior Associate Daniel Grinnan, Senior Associate Dom Zingarelli, Associate Cord Walker and Operating Finance Executive Rob Carraway. Partner Anne Hayes helped secure financing for the deal. Jeremy Holland sourced the deal for Riverside.
