Tuesday, September 22, 2020

Sheffield wellbeing firm acquires European company in multi-million-pound deal

Health and wellbeing provider, Westfield Health, has acquired European corporate fitness and wellbeing company High Five Health Promotion in a multi-million-pound deal.

Acting as the group’s third acquisition in under two years, this addition builds Westfield Health’s capabilities in the growing corporate health and wellbeing market, projected to be worth $66 billion by 2022.

Under the direction of CEO Dave Capper, Westfield Health has diversified into the corporate wellbeing market, offering workshops, health campaigns, screenings and on-site gym management.

By combining forces with High Five Health Promotion who provide onsite corporate fitness and wellbeing services to global brands such as Daimler, KPMG, Shell and NATO, Westfield Health hopes to strengthen its whole-of-workforce proposition to drive market development and growth.

Reflecting on his decision to sell the company, High Five’s Founder, Paul Kienstra, said: “It was really important to us to find a company that shared our values and vision.

“With Westfield Health’s focus on evidence-based, preventative solutions and community giveback, it was clear that our shared philosophy and complementary capabilities would combine well, building on the success of both companies.”

Westfield Health Group CEO, Dave Capper, said: “Over its history, Westfield Health has built a track record of product innovation. This acquisition represents a continuation of our diversification into the exciting and important wellbeing market.

“By combining the two companies’ expertise, we can accelerate our growth in this industry both in the UK and internationally, allowing us to make a healthy difference to more people.”

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