MobiHealth News October 14, 2021
Mindbody also announced a $500 million strategic investment led by Sixth Street.
Mindbody, a platform for booking and managing fitness classes and other wellness services, has entered into an agreement to acquire online fitness membership company ClassPass in an all-stock deal for an undisclosed amount.
Axios reported that Mindbody will hold between a 60% and 70% stake in the combined business. The ClassPass app and website will continue to operate, and its CEO, Fritz Lanman, will serve as president of ClassPass and Mindbody Marketplace, a suite where businesses can list their services.
“The ClassPass network includes many businesses already working with Mindbody. By combining our respective operations, we will create more seamless integrations and unlock new revenue opportunities for business...
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