Health group flex muscles with Euro expansion
La Salle can report that health and well being specialists Westfield Health have acquired High Five Health Promotion, a corporate fitness company with on-site gyms throughout Europe.
Businesses acquired: High Five Health Promotion
Activities: The global ultimate owner of High Five is Kienstra Sports B.V.. They provide on-site fitness and well being services to large brands including NATO, Shell, KPMG and Daimler. Their on-site gyms can be found in The Netherlands, Germany, Belgium and the UK.
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Purchaser: Westfield Health
Activities: Founded in 1919, the company offer a range of personal health plans and employee healthcare solutions, as well as intermediary services. They are part of Westfield Contributory Health Scheme Limited which generated revenue in excess of £58million in 2019. They have almost 500 employees and and 65 gyms internationally.
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Additional info:
Westfield chief executive 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."
High Five founder Paul Kienstra added: "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."
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