Insurance giant Zurich has agreed to acquire digital health and wellbeing service providers HealthLogix, based in Australia, and HealthInsite, based in South Africa, to further expand its LiveWell business.
The companies, jointly known as HLX, offer customers a range of mobile applications and web-based health and wellbeing solutions for corporate employees and retail customers.
Zurich has worked closely with HLX since 2018, providing its corporate and retail customers with customised wellbeing solutions in Australia, Brazil and most recently in Spain.
The transaction, which is subject to foreign investment approval in Australia, will strengthen Zurich LiveWell’s technology, data analytics and multimedia content delivery capabilities.
The businesses will continue to serve their existing customers in countries around the world.
The financial terms of the deal were not disclosed.
Helene Westerlind, chief executive of Zurich LiveWell, said: “The acquisitions will boost Zurich’s capabilities to deploy innovative health and wellbeing offerings to customers across markets globally with a scalable and modular proposition, aligning with the accelerating global adoption of health technology.
“We share a strong passion and the objective of truly empowering people to improve their health and wellbeing by providing them with a personalised and unique proposition. This is a perfect match for Zurich LiveWell, and we look forward to our journey together.”
Zurich LiveWell was created earlier this year under the working name of WellCare to bring together the group’s existing health and wellbeing initiatives and expand services across the world.
Denis Cronson, co-founder and current chief executive of HLX, will take on the role of chief sales and distribution officer for Zurich LiveWell.
Sally Phillips has been appointed chief product and proposition officer.
She will join Zurich in November from Australian life insurer TAL, where she was most recently general manager, health services.
Also, Michael Bischof has been appointed chief operating officer.
He will join the company in December and will be based in Zurich.