StayWell, which dubs itself a health empowerment company, has acquired Provata Health, a Portland, Ore.-based digital health company that delivers scientifically proven population health programs to employers, health plans, and hospital systems. Under the deal, Provata Health's mobile apps, technology and platform will be integrated with StayWell features to streamline the user experience and help deliver even greater physical and mental health benefits.
"The Provata platform is a great complement to StayWell's existing product portfolio, enhancing our competitive market position and further empowering individuals to take active roles in their own health and achieve the best possible outcomes," StayWell CEO Nicole Latimer said in a statement. "From home, to work, to their healthcare providers, this acquisition directly supports our mission to help consumers throughout their entire well-being lifecycle."
With Provata Health, StayWell will extend the capabilities of its solution with features such as enhanced digital health coaching, real-time data analytics and dashboards, advanced activity tracking, pioneering use of VR to support meditation and stress management, access to a network of more than 80,000 U.S. licensed physicians, integration with EMRs to capture participants lab values and other data, and digital health games.
Provata Health currently serves 500,000 members across 1,000 worksites, with a roster of clients including leading health systems, health plans, municipalities, and employers.
Under terms of the agreement, all Provata Health employees will join StayWell, giving the company a new presence in Portland, Oregon. Provata Health CEO Alex Goldberg will assume the role of vice president of innovation for StayWell, while Head of Business Strategy and General Counsel Aaron Goldberg will serve as vice president of StayWell client solutions.
"The combination of our offerings provides individuals with powerful, engaging tools that will enable lasting improvements to their physical and mental health," concluded Alex Goldberg.