Teladoc Health Buys Catapult Health, UnitedHealth $3.3B Acquisition Update & More Industry News
February continues the trend of major industry shifts driven by high-impact acquisitions, strategic collaborations, and exciting new products.
In This Post:
Last month’s momentum of mergers and acquisitions carried into February as new deals unfolded throughout the month.
Multiple high-profile companies have taken strategic steps to strengthen their foothold in industries spanning from HR tech to healthcare.
Alongside these developments, in this month’s industry pulse, we highlight an innovative AI-driven dependent verification solution and provide an update on UnitedHealth’s $3.3 billion deal, which is still underway.
Teladoc Health Seals $65M Deal to Buy Catapult Health
February brought exciting new developments in virtual healthcare, as industry leader Teladoc Health purchased Catapult Health in a $65 million all-cash deal.
This move is poised to strengthen the provider’s virtual care services by integrating Catapult Health’s preventive care, which focuses on patient-centric at-home diagnostics, high-touch engagement, and clinical support.
“Catapult Health’s capabilities will help advance our strategy in meaningful ways — from giving more members access to convenient and impactful wellness and preventative care to unlocking greater value for our customers,” stated Teladoc Health’s CEO, Chuck Divita.
The deal is expected to close in Q1 2025, subject to customary closing conditions. After that, Catapult Health will join Teladoc Health’s Integrated Care segment.
Read the full press release here: Teladoc Health to Acquire Catapult Health, Advancing Integrated Care Strategy
“Catapult Health’s capabilities will help advance our strategy in meaningful ways — from giving more members access to convenient and impactful wellness and preventative care to unlocking greater value for our customers,”
Chuck Divita, CEO of Teladoc Health
HireHive Announces Merger with HRLocker
The HR tech space also saw significant movement as recruitment software company HireHive announced a merger with HRLocker, Ireland’s leading HR platform.
Their new all-in-one platform will combine HireHive’s APS with HRLocker’s HR management tools, offering businesses of all sizes a complete solution for streamlining recruitment and HR operations.
Joe Winthrop, CEO of HireHive, described the merger as an exciting evolution for the company.
“By joining forces with HRLocker, we are strengthening our ability to deliver cutting-edge recruitment technology while offering an expanded suite of HR management solutions,” said Winthrop.
Existing HireHive customers will maintain uninterrupted access to the platform, which has now been upgraded with industry-leading HR management solutions.
Read the full press release here: HireHive Merges With HRLocker To Strengthen ISH’s Software Portfolio In HR And Recruitment
MyFitnessPal Expands Services with Intent Acquisition
In another influential deal this month, MyFitnessPal, the leading nutrition and food tracking app, has acquired Intent, a custom meal-planning app.
By integrating Intent’s technology, MyFitnessPal will provide its 270 million+ members with personalized meal plans, simplified meal tracking, and automated grocery lists tailored to different dietary preferences.
The new Meal Planner feature will be available through the company’s Premium+ membership, with plans to launch in spring 2025 across multiple countries.
“With Intent’s technology, we’re meeting this demand by offering delicious, balanced meal options tailored to dietary preferences while also helping users stick to their budgets,” announced MyFitnessPal CEO Mike Fisher. “This integration allows us to offer a unique experience where we are able to not only enhance our existing platform but also attract new users who see meal planning as a crucial step in their health journeys.“
The Intent team, including co-founders Will Sun and Peter Zhang, will join MyFitnessPal to help expand and refine the new offerings.
Read More: MyFitnessPal Announces Acquisition of Intent, Revolutionizing Personalized Meal Planning for Members
HiBob Acquires Mosaic to Bridge HR & Finance Gap
Another highlight of February was HiBob‘s acquisition of Mosaic, a game-changing move to bridge the HR and finance gap for mid-sized companies.
The global leader in human capital management announced on February 13 that it would purchase the financial planning and analysis platform Mosaic. This takeover should help mid-market businesses align workforce strategy with financial planning, providing real-time insights into how employee productivity impacts business performance.
Ronni Zehavi, CEO of HiBob, emphasized that the integration would allow CFOs to shift from viewing their workforce as a line item in financial reports to recognizing it as a strategic growth driver.
“It marks an exciting step forward in bridging financial performance with human impact, giving managers and executives the visibility and tools they need to maximize their greatest asset: their people,” explained Zehavi.
Mosaic’s current customers will continue to receive full support during the transition as HiBob works to deepen the integration and expand the combined offering.
Read the full press release here: HiBob Acquires Financial Planning and Analysis Platform Mosaic, Expanding Capabilities to Empower People-First CFOs
"It marks an exciting step forward in bridging financial performance with human impact, giving managers and executives the visibility and tools they need to maximize their greatest asset: their people,"
Ronni Zehavi, CEO of HiBob
bswift Launches New Solution to Help Employers Cut Costs and Boost Equity
bswift LLC, a leader in employee benefits technology, has announced the launch of its AI-powered dependent verification solution.
Initially developed as part of the company’s core benefits administration platform, the one-time audit can quickly and accurately identify ineligible dependents. It takes 4-6 weeks to complete and helps companies to significantly reduce health plan costs, improve compliance, and ensure more equitable benefits programs.
“Dependent verification has long been a challenge for HR teams, with traditional methods proving to be time-consuming and inefficient,” explained Matt Waldrup, Executive VP of Product at bswift. “Our solution changes the game by combining the power of AI with a seamless user experience that simplifies the process for everyone.”
bswift’s new product is now available to all employers and health plans without requiring the purchase of the company’s full benefits administration services.
Read the full press release here: bswift Launches AI-Driven Dependent Verification: Unlock Savings and Ensure Benefits Equity
UKG and Kashable Collaborate to Improve Financial Wellness for Millions of Employees
Kashable, a fintech platform offering Socially Responsible Credit and financial wellness solutions, has announced a technology partnership with UKG, a leader in HR, payroll, and workforce management solutions.
This collaboration gives UKG Pro and UKG Ready users access to Kashable’s financial wellness suite, which includes low-cost loans, credit monitoring, budgeting tools, and financial coaching.
By partnering, these benefits will reach 2.5 million individuals across more than 250 companies, providing flexible financing options to enhance their financial well-being.
Read more: Kashable Introduces Technology Partnership with UKG
UnitedHealth Responds to DOJ’s Efforts to Block Amedisys Acquisition
We close this round-up with an update on UnitedHealth Group’s $3.3 billion acquisition of home health and hospice provider Amedisys as the company responds to the U.S. Department of Justice’s (DOJ) efforts to stop the deal.
In 2024, the Department of Justice sued to block the transaction, raising concerns about potential monopolization in the home health and hospice sectors. UnitedHealth already owns LHC Group, a competitor to Amedisys, and the DOJ’s complaint suggests that the merger could limit options for patients and providers.
In the latest update on this case, UnitedHealth and Amedisys rebutted the allegations, pointing out that the concerns are misguided and ignore a divestiture plan to address competition issues. Despite the opposition, the companies maintain that the merger will not reduce competition but expand services and improve employee benefits.
Earlier this year, both companies agreed to extend the deadline for their merger following the DOJ lawsuit. The transaction, originally predicted to close by the end of 2024, is now expected to be finalized by December 31, 2025, or the tenth day after a U.S. district court rules on the lawsuit, whichever comes first.
A court hearing on the case is expected soon.
Read more: UnitedHealth Rebuts Justice Department Allegations in $3.3B Amedisys Deal
Written by tamara jovanovska
Content Writer at Shortlister
Teladoc Health
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