NFP Ventures Invests in Vivante Health, Inc., a Digestive Health and Disease Management Health Care Company
Investment underscores NFP's commitment to delivering inventive health care offerings to address chronic conditions
NEW YORK – December 20, 2018 – NFP Ventures, the early-stage investment arm of NFP, today announced a minority investment in Vivante Health, Inc., a digital platform that addresses digestive health and disease through a combination of data science and access to digestive health care experts. The transaction closed on Dec. 2, 2018.
Vivante Health offers an all-in-one gut health management program, GIThrive, to help individuals manage their conditions with the touch of a button. GIThrive features personalized nutrition plans, daily engaging health challenges, "Med-ucation" to encourage prescription adherence, and on-demand care to address symptom flares and debilitating pain with 24/7 Gut-Side Assistance™.
Vivante Health's multidisciplinary approach matches NFP's mission to empower positive lifestyle changes that improve individuals' overall health and well-being. Given the historical lack of product innovation within digestive health solutions, this investment represents a truly differentiated offering for the 70+ million Americans dealing with a digestive condition (as estimated by Vivante Health). These stressful, stigmatizing and disruptive digestive troubles can cause each impacted individual to miss up to 35 days of work a year, and they make up the second highest health care expense in the US. NFP and Vivante Health aim to increase access to support services to decrease ER and pharmacy costs, delivering meaningful outcomes for individuals and their places of work.
"In our role as a trusted advisor to our clients, we continue to look for innovative ideas to enhance the products and services we offer," said Mike Goldman, president and COO of NFP. "To this end, we are extremely excited to partner with Vivante Health and introduce their cutting-edge approach to a difficult and costly condition."
"Individuals often deal with their digestive health struggles silently, but Vivante Health hears their unique needs loud and clear," said Shawn Ellis, managing director of NFP Ventures. "We are proud to share Vivante Health's commitment to helping people refocus on their personal and professional passions, rather than painful symptoms."
"Gaps in digestive disease programs are rendering patients frustrated and suffering. This partnership with NFP couldn't have come at a better time," said Dr. Kimon Angelides, Vivante Health founder and CEO. "We are thrilled to gain the support of NFP's long-standing experience in health care markets, which goes above and beyond pre-packaged solutions, taking into account the culture, demographics and strategic goals of each company it supports."
For more information, please visit https://vivantehealth.com/.
About Vivante Health, Inc.
Vivante Health is an innovative digital health care company reinventing the way chronic conditions are managed. Our mission is to fill the unmet needs of people living with chronic conditions that are invisible, neglected or stigmatized, starting with digestive disease. Our health management ecosystem, GIThrive, empowers people, through brilliant technology and advanced science, to spend less time worrying about their digestive symptoms and more time living life.
About NFP Venture, LLC
NFP Venture, LLC (NFP Ventures) is a venture fund launched by NFP that focuses on strategic partnerships and investments in the emerging Insurtech, Fintech and HR Tech arenas. NFP Ventures' mission is to find, fund and work successfully with visionary executives, providing them with expertise to foster long-term success. Typically, NFP Ventures targets companies seeking Seed to Series B investment that can benefit from NFP's distribution, human capital and other unique assets to accelerate their growth.
NFP is a leading insurance broker and consultant that provides employee benefits, property and casualty, retirement, and individual private client solutions through our licensed subsidiaries and affiliates. Our expertise is matched by our commitment to each client's goals and is enhanced by our investments in innovative technologies in the insurance brokerage and consulting space.
NFP has more than 4,700 employees and global capabilities. Our expansive reach gives us access to highly rated insurers, vendors and financial institutions in the industry, while our locally based employees tailor each solution to meet our clients' needs. We've become one of the largest insurance brokerage, consulting and wealth management firms by building enduring relationships with our clients and helping them realize their goals.
Recently NFP was named the 2nd largest retirement plan aggregator firm, as ranked by Investment News; the 5th largest US-based privately owned broker, the 5th best place to work in insurance and the 6th largest benefits broker by global revenue by Business Insurance; the 9th largest property and casualty agency by total 2016 P&C revenue and the 9th largest commercial lines agency by total 2016 P&C and commercial lines revenue by Insurance Journal; the 10th largest employee benefits broker by Employee Benefit Adviser; the 11th largest broker of US business by Business Insurance; and the 12th largest global insurance broker by Best's Review.
For more information, visit NFP.com.
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