WebMD to acquire immersive employee well-being company Limeade

WebMD Health Services, a provider of holistic well-being solutions and a part of WebMD Health, has revealed its intention to acquire Limeade, an immersive employee well-being company.

This strategic transaction aims to bring together two organizations that share a common commitment to empowering individuals in making informed health and well-being choices.

Limeade is recognized for creating healthy employee experiences that improve well-being and engagement while reducing burnout and turnover in over 1,000 organizations globally. Both WebMD Health Services and Limeade are renowned for their expertise in developing impactful organizational well-being programs and driving positive behavior change.

By combining their strengths, the companies expect to provide the most comprehensive well-being solutions available in the market.

Henry Albrecht — Limeade CEO said: “Limeade and WebMD Health Services creates the only truly complementary combination of culture and well-being in the market, allowing us to maximize health and well-being for all people and deliver better service, support, and capabilities for our clients.

“We are confident that the combination will bring together WebMD Health Services human expertise and Limeade technical innovation into a comprehensive solution that will have a positive impact on people and companies worldwide.”

The merged entity will boast a global workforce of more than 700 employees, with an average tenure of over seven years. This positions the combined entity to deliver innovative and integrated solutions that cater to the evolving needs of the market.

John Harrison — WebMD Health Services General Manager said: “Limeade and WebMD Health Services are two purpose-driven organizations with more than 40 years of combined experience driving positive health behavior changes for employees and members.

“Together the combined organization will re-energize the market delivering the most comprehensive, holistic well-being solution and services that help organizations build a culture of well-being that inspires a happier, healthier, and more engaged population.”

The completion of the transaction is expected within the next quarter, pending regulatory approvals, satisfaction of closing conditions outlined in the definitive agreement, and shareholder approval.