WellSpark Health, a Farmington-based provider of corporate wellness programs, has been sold to Chicago-based Vitality Group LLC.
New York-based EmblemHealth, which owns WellSpark Health, said the sale was completed on Nov. 14. The selling price was not revealed.
The sale of WellSpark comes less than three months after EmblemHealth announced an agreement to sell Farmington-based health insurance company ConnectiCare to Molina Healthcare Inc. It is based in California for $350 million. This sale is expected to close in the first half of 2025, the companies said.
As of June 30, ConnectiCare said it served nearly 140,000 members in Connecticut.
WellSpark, located at 195 Scott Swamp Road, was founded in 2013 as a subsidiary of ConnectiCare. In April 2023, WellSpark said it was targeting a 37.5% increase in annual revenue in 2024 to $20 million to $22 million. It also said it plans to increase its 74-person workforce to more than 100 employees by early 2025.
In March 2021, the state announced it would provide WellSpark up to $1.5 million in grants if the company added 287 jobs by 2026.
WellSpark offers customizable on-site wellness programs and a range of services, including lifestyle coaching and education on topics such as how to prevent or control type 2 diabetes, high blood pressure and other chronic diseases.
Vitality says it is the world's largest behavior change platform, combining technology, data, artificial intelligence, incentives and behavioral science to encourage healthy changes for individuals and organizations.
“WellSpark has provided innovative coaching, personalized support and health engagement solutions to members in 30 states,” said Karen Ignani, CEO of EmblemHealth. She added that selling the company to Vitality “will allow it to continue to grow.”
