Corporate wellness platform gym pass Rebranded as Wellhub to reflect our expanded range of services.
Previously focused on gym memberships, the platform now has partners in the following areas: fitnessmindfulness, therapy, nutrition and sleep, the company said in a press release on Thursday (April 4).
“Wellhub provides a single, all-in-one wellness platform to drive employee engagement, improve productivity, and deliver the tangible ROI that businesses seek,” said Wellhub Co-Founder. said the CEO. Cesar Carvalho said in a release.
Carvalho told the Financial Times (FT) that the rebranding is also part of the company’s preparations for an initial public offering (IPO). report Posted on Thursday.
The timing and location of the IPO have not been determined, but Wellhub has begun preparations for the event, Carvalho said in the report.
The company was launched 11 years ago in Brazil as Gympass, ryan bonichWellhub’s chief marketing officer said Thursday. blog post. The company currently operates in 11 countries and serves more than 15,000 enterprise customers, according to a press release.
Wellhub will provide employees with personalized guidance, coaching and social gamification, the release said. Helping companies recruit, retain, and retain employees by addressing employees’ concerns about staying healthy.
“Investing in the health and well-being of your employees not only creates a more productive and engaged workplace, but also provides tangible benefits to your company in the form of increased employee retention and reduced healthcare costs.” .” Lynn OldhamChief Human Resources Officer cache said Wellhub’s director in a release.
Gympass was valued at $2.4 billion in August when it secured $85 million in Series F funding round. At the time, the company announced that the number of employee subscribers across its partner network had exceeded 2 million.
The company began expanding its platform to include other platforms. health benefits In addition to the benefits of brick-and-mortar gyms in June 2020 during the pandemic. At the time, Gympass reported that 65% of Americans have become more aware of mental health issues since the pandemic began, and two-thirds said the pandemic has made them prioritize their health.
