Issue 6 2019

4 CORPORATE VISION / Issue 6 2019 NEWS , GlobalFit Acquires The Charge Group In Cash And Stock Deal GlobalFit, a leading workplace health and wellness tech- nology company, recently announced that it has acquired The Charge Group, an innovative and rapidly growing pro- vider of insurance-funded workplace health and nutrition programs, in a cash and stock transaction. Following a successful 18-month partnership, GlobalFit and Charge have merged with the goal of accelerating the introduction of Charge’s in-person and tele-nutrition programs at GlobalFit’s 4,500 employer and insurer clients nationwide. Transaction combines GlobalFit’s trusted workplace fitness, mindfulness and wellness reimbursement solutions with The Charge Group’s rapidly growing insurance-funded workplace nutrition programs. With over 25 years in the corporate wellness space, GlobalFit has expanded its suite of workplace wellness technology solutions in recent years to include the nation’s largest gym and studio network (Gym Network 360), a leading national and international wellness reimbursement platform (GlobalFit Rewards), a mindfulness solution connecting the physical and mental health of its users (WalkMyMind), and a dynamic pricing solution connecting users to studios, gyms and trainers (GlobalFit Anywhere). “GlobalFit remains committed to bringing new, value-added and in-demand wellness solutions to our longstanding insurer and employer clients,” said GlobalFit CEO, Tony Frick. “Charge’s tailored nutrition programs are specifically designed for each employee to meet their health goals, individual needs and busy lifestyle. Charge is a true complement to our existing fitness, mindfulness and wellness reimbursement solutions, and frankly a game-changer in our company’s evolution and our collective work with our insurer and employer clients to build a healthier population.” “In just three years, through a focus on customer service, quality and outcomes, Charge has grown into one of the Mid-Atlantic region’s largest networks of registered dietitians serving approximately 400 employer clients,” said Charge CEO, Mike McGrath. “GlobalFit’s reach, and significant employer and insurer client base, will give Charge the necessary platform to expand our innovative services nationally.” Since introducing its evidence-based, 1-on-1 and personalised work- place nutrition program in 2015, Charge has grown to 34 employees, serving approximately 400 employer clients, and posted a 122% revenue CAGR from 2016-2018. As a GlobalFit subsidiary, led by its Founder and CEO Mike McGrath, Charge will continue to pro- vide best-in-class nutrition services to its existing client roster in the Mid-Atlantic region while expanding its insurance-funded in-person workplace nutrition services nationwide to GlobalFit’s clients, often at no out-of-pocket cost to the employer or its employees. Charge’s newly developed tele-nutrition platform will also be deployed nationally to reach those employees in remote locations who are unable to meet with a registered dietitian in-person.