Riverside completes add-on investment to Wondr Health Platform
The Riverside Company, a global private investor focused on the smaller end of the middle market, has invested in eMindful, a provider of evidence-based, mindfulness programmes for everyday life and chronic conditions.
The investment is an add-on to Riverside’s Wondr Health (formerly Naturally Slim), a digital behavioral change company focused on weight management and preventing chronic disease within the employer-sponsored space.
This partnership builds on the clinical expertise and outcomes of the Wondr and eMindful offerings, creating a unique combination that not only addresses two top cost drivers – obesity and poor mental health – but builds a foundation of preventive care that improves the efficacy of an employer’s disease management programs. Together, utilising curriculum-based skills-building, applied mindfulness and behaviour change, the solutions help employers achieve the best health outcomes and highest ROI and drive engagement throughout their entire benefits platform. eMindful is based in Orlando, Florida.
“We’re thrilled to be adding eMindful to our Wondr Health organisation,” says Riverside Partner Steve Burns. “eMindful is a perfect fit, both clinically and strategically, as the addition of mindfulness solutions plays a key role in physical health.”
eMindful is the first acquisition by Wondr Health and another example of Riverside’s commitment to investing in the Healthcare Industry. To date, Riverside has completed more than 170 investments in healthcare companies, supported by a team of global experts dedicated to growing companies in this specialisation.
“With their strong cultures and established strategic relationships, eMindful and Wondr Health together are even better positioned for significant growth,” says Burns. “Through expanded offerings and cross-selling, we will further extend the reach of Wondr and eMindful, helping a larger population make better health decisions.”
Working on the deal with Burns were Associate Charlie Terris, Associate Ryan Lau, Operating Partner Steve Stubitz and Operating Finance Executive Rob Carraway.