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TripleTree Announces CIGNA's Acquisition of vielife
The U.K.'s leading health & wellness company is acquired by U.S. employee benefits giant
December, 2006 | Minneapolis, MN |
TripleTree, LLC TripleTree is pleased to announce that its client vielife, a global leader in the development and delivery of integrated online health management and coaching programs, has been acquired by CIGNA (NYSE: CI). The partnership between these two leading-edge companies signifies a changing philosophy and underlying commitment of improving health and productivity around the world. TripleTree was the exclusive financial advisor to vielife.
vielife, based in London, provides health risk assessment, behavioral change programs and online coaching for over 1.3 million people in the U.S., Europe, Canada and Australia. Combining the significant health advocacy strengths of CIGNA with vielife’s online coaching capabilities and technology platform further enhances CIGNA’s ability to engage consumers, particularly on lifestyle issues such as those related to stress, nutrition and fitness.
TripleTree, a research-based investment bank, was selected by vielife based on its leading industry research and transactional experience in the growing field of Health & Wellness. Recognized as the leading investment bank in the H&W industry, TripleTree identified a cross-section of health care providers as potential suitors and ultimately selected CIGNA as the ideal strategic partner to lead vielife’s next stage of growth.
“Over the last five years, vielife has grown to become the largest global provider of integrated online health and well-being services,” said Clive Pinder, vielife’s managing director. “We believe that employers, health plans and governments are now looking for more extensive integrated health management solutions and benefits, so joining forces with CIGNA was a natural and strategic progression for us. We have access to the global resources we need to support our growth plans and more importantly we are able to offer our clients and the communities we serve a more complete and integrated portfolio of products.”
TripleTree, LLC is a research-based investment bank serving growth companies, investors and global acquirers. TripleTree conducts proprietary research that guides our work in M&A, growth capital and financial advisory services. Our value-based approach benefits technology-enabled businesses in sectors where delivery models are converging technology and services, and all sectors where CEO’s and investors are in search of creative ways to disrupt markets and unleash value.
TripleTree’s unique personality is shaped by the experience of our principals who as former business builders and transaction professionals create strategic outcomes that maximize value for our clients. The firm is located in Minneapolis. |
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