Scoop: EHE Health seeks buyer

Personal equity-backed EHE Health and fitness, which partners with employers to offer preventive health tests and digital resources, is up for sale, resources convey to Sarah.

Why it issues: Companies are focused on how to persuade retention, though also seeking to reduce well being treatment charges as wages raise with inflation. EHE Well being suits inside of this theme.

What is going on: Houlihan Lokey is advising on the sale of the enterprise, the sources say, one particular of whom provides that to start with-round bids were being due late final week.

• The business is marketing about $37 million of pro forma modified EBITDA, although TTM EBITDA is closer to $16 million, resources say.
• DW Healthcare Associates and Summit Associates invested in EHE in February 2016.

How it works: EHE suggests it operates or contracts with 200 health clinics across the U.S. and companions with midsize and huge employers.

• Once-a-year tests for staff customers include things like preventive screenings, entire most cancers and coronary heart wellness assessments, mental health and fitness assessments, expert referrals and additional.

Of course, and: EHE due to the fact the pandemic has concentrated on expanding over and above in-man or woman care, including digital checkups, stick to-ups and other sorts of distant care.

• For illustration, EHE recently partnered with chronic treatment digital health and fitness business Welldoc to kind Prosper Now, which aims to aid to regulate pre-diabetes, diabetic issues and hypertension with digital coaching.

Concerning the traces: Just one supply tells Sarah EHE has about 120 prospects, 20 of which have expanded this sort of that all staff have access to the system, compared to C-suite executives or senior company leaders only.

• “The embedded earnings electricity of the other 100 customers is quite massive,” the supply suggests, outlining that the remainder have not still transitioned above.

EHE, Summit and DW Health care did not return requests for remark. Houlihan declined to remark.