LOS ANGELES, January 8, 2020 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired Yaro, LLC (“Yaro”), a leading provider of benefits navigation and care guidance solutions. The company’s robust platform helps employers and health plans reduce complexities that users face when evaluating and utilizing their health benefits. Yaro will be merged with Virgin Pulse, a Marlin portfolio company, further strengthening Virgin Pulse’s market leading position and adding new benefits navigation capabilities to the company’s existing end-to-end health and wellbeing platform.
The acquisition of Yaro paves the way for Virgin Pulse Navigate, a new benefits navigation product announced and launched today by Virgin Pulse that allows consumers to interact and track their health benefits and healthcare expenses more confidently, and provides seamless and up-to-date access to benefit summaries, health insurance ID cards, Health Savings Accounts (HSA) and deductible balances and claims histories.
“Just seven months ago, we announced a bold plan to radically simplify the way our employers, health plans and health care consumers engage with their wellbeing, health and healthcare. With today’s acquisition of Yaro and the launch of Virgin Pulse Navigate, we are one step closer to delivering on the promise of our Homebase for HealthTM strategy,” said David Osborne, CEO of Virgin Pulse. “It has become increasingly difficult for consumers to find the care they need, understand the true costs and know how to pay for it. With Virgin Pulse Navigate, employees and health plan members alike now have an easier way to access the right information, at the right time, to make the best decisions about their health.”
“We’re thrilled to see the Virgin Pulse team put big aspirations into action. This acquisition incorporates additional features and functionality that will now be vertically integrated into Virgin Pulse’s mobile platform, allowing Virgin Pulse to offer customers substantially enhanced care support and coordination that doesn’t exist in the market today,” said Michael Anderson, a managing director at Marlin.
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 160 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
About Virgin Pulse
Founded in 2004, Virgin Pulse is the world’s largest, most comprehensive digital health and wellbeing SaaS company focused on driving real outcomes for employees, employers, health plans and their members. As the industry’s only digital health and wellbeing company to fuse high tech with high touch, Virgin Pulse engages users every day in building and sustaining healthy habits and lifestyles and managing chronic disease. The company’s wellbeing offerings include benefits navigation, claims analysis, digital and live coaching, condition management and diabetes prevention to support more than six million Virgin Pulse members around the world across the entire wellbeing, health and health care lifecycle — from prevention to intervention to reversal. For more information, please visit www.virginpulse.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at firstname.lastname@example.org.