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Pillsbury Winthrop Shaw Pittman LLP and Fasken Martineau DuMoulin LLP are serving as legal counsel to LifeSpeak. No equipment needed: If youre looking for classes that dont require any equipment, check out VIBE and Zumba (dance), Fusion (yoga/pilates or barre) and TKO (kickboxing). People of every age, interest, body type, and ability level deserve the same opportunity: to live a healthier life. Members can access on-demand, fitness, nutrition, and mindfulness classes from wherever they feel comfortable. Network Health | fitness-wellbeats It will be a reward for them as well! We use non-IFRS measures, including EBITDA and Adjusted EBITDA. The Company defines EBITDA as net profit or loss before income tax expenses, finance costs and depreciation and amortization; and defines Adjusted EBITDA or Adj. Wellbeats - DigitalVA Welcome to Wellbeats Wellness [Webinar] - 7.12.2023. Wellbeats Wellness, a product of LifeSpeak Inc., supports physical and mental wellness for any type or size business that prioritizes health and wellbeing.Wellbeats Wellness makes it easy for your members and their families to start and keep going on their health journeys with fitness, nutrition, and mindfulness classes for all ages and abilities. On-demand fitness refers to a service that provides access to fitness content and workouts whenever and wherever the user wants it. Have a question? LifeSpeak Inc. Adam Peeler, on behalf of: iPhone Wellbeats Wellness, a product of LifeSpeak Inc., is your virtual wellness offering to help you live a healthier life. It took some getting used to but after a year and a half, Ive gotten to take about 100 different classes and purchased app for personal use. Whether your employees are working fromhome, remotely, or on the go, Wellbeats offers a flexible fitness experience that meets themwhere theyre at on their health journey. Feel some belly-laughs. These resources are available to you through our partnership with this vendor. The company was founded in 2008 with a goal to make fitness affordable, simple, fun, and accessible to everyone. It includes personalized features, goal-based workout plans, work breaks and more. The Company expects to file its audited fiscal 2021 MD&A and financial statements and plans to host a conference call and webcast to discuss its fourth quarter 2021 and 2021 annual results on or about March 22, 2022. Its easy. The Terms of Service and Privacy Policy are between you and Wellbeats only. Wellbeats is solely responsible for the app. Your home for something real with coaches ready to help you unlock your potential and a. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the 1933 Act) and may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. Lets dig into this virtual fitness trainer and see how it stacks up against real fitness classes for both gym owners and gym goers. Anytime. Feeling unmotivated, too busy, or not sure where to start when itcomes to working out? Personal info, Health and fitness and 3 others. Owners: Should I get WellBeats in my gym? Wellbeats Fitness. The Company calculates Annual Recurring Revenue or ARR as being equal to the annualized value of contracted recurring revenue from all clients of its platform at the date being measured. With onsite options and streaming to mobile devices, you can get access to their challenging workouts anytime and anywhere, no live instructor needed. Explore everything you need to make the most of your Wellbeats experience including how-to guides, video tutorials, and FAQs. Choose fromTutorial, Basicand a variety of other classes160 minutes in length. 1 Net Debt is all of the Companys borrowings under its credit facilities less cash on hand; and Adjusted Bank EBITDA is a specific calculation of the Companys adjusted earnings before interest, income tax, depreciation and amortization expenses used by the Companys lenders under our financing arrangements to calculate leverage ratios for the purposes of covenant compliance. Ohio Department of Administrative Services | 30 E. Broad St., Columbus, Ohio 43215 | 614-466-6511, Choose the Wellbeats program thataligns with your goals and select. By continuing to use this site you agree to our usage of cookies as outlined in our Cookie Policy. Rather, these measures are provided as additional information to complement those IFRS measures by providing further understanding of the Companys results of operations from managements perspective. employer) and includes on-demand fitness, nutrition, and mindfulness classes to help you live a healthier life! Wellbeats Sample Reel from Wellbeats on Vimeo. Michael McKenna Availableplans include Lose Weight, Build Strength, Get Fitand more. In this webinar, you will learn: How to Reward Yourself Wisely for Working Out - Anytime Fitness Particularly, information regarding the Companys expectations of future results, performance, achievements, prospects or opportunities or the markets in which the Company operates is forward-looking information. With Wellbeats you can empower employees, students, residents, members or guests to work out anytime with on-demand streaming in your facility or anywhere with a Wellbeats app. Wellbeing for all | Wellbeats, a product of LifeSpeak Inc., is the premier solution for on-demand, virtual wellness content and programming for use in corporate wellbeing initiatives. The workout itself was very good, but the stopping was frustrating. When prompted, enter the email address associated with your Wellbeats account (not Virgin Pulse account). Jumping up the Fast 50 List 13 spots to No. 1-226-828-7575 or toll-free at 1- 833-950-0062. This is helping keep our familys sanity during quarantine! This could include pre-recorded workout videos, live streaming . An upfront payment of US$80 million is payable in cash on closing, with the remaining US$12.5 million payable in cash in the form of an earnout on the achievement of predetermined 2022 milestones. Member Resources | Wellbeats Wellbeats Wellness provides the communication and marketing support needed for pre-launch, launch, and post-launch success, from emails to monthly employee engagement campaigns and more. All of these figures are preliminary, have not been reviewed by the Companys or Wellbeats auditors and are subject to change as the Companys and Wellbeats financial results are finalized. With more than 1,000 fitness, nutrition, and mindfulness classes and programs available anytime and anywhere, Wellbeats allows employers to support employees with wellness resources that fit their . The first time I used this app on my iPad it glitched several times out so I wrote a crappy review. The company reported 2020 revenue of $10.9 million an . Thank you Wellbeats for fixing the issue and providing top notch workouts. Wellbeats Wellness, a product of LifeSpeak Inc., has over 1,200 on-demand classes for all ability levels including yoga, HIIT, strength training, running and walking, mindfulness and meditation, nutrition and recipes, cycling, circuits, kickboxing, dance, work breaks, stretching, and so much more. Seamless integration between myHealthcheck360 mobile app and site to Wellbeats, One point of contact; a clients existing HealthCheck360 Account Manager facilities the Wellbeats set-up and onboarding, On-Demand Coaching Webinar | Improving Your HC360 Score, On-Demand Webinar | Food to Fuel Your Mind. Based on the Companys past experience, the vast majority of clients renew their contracts upon expiry. hbspt.cta._relativeUrls=true;hbspt.cta.load(1716881, '9eb3a874-8943-4ded-924e-bc22ec9c58e1', {"useNewLoader":"true","region":"na1"}); Topics: Currently you can find Wellbeats at Anytime Fitness, Retro Fitness, YMCA, Marriott and Hilton hotels, The Ohio State University, and more.. Wellbeats has over 2,000 clients and is rapidly catching in in gyms, health clubs, fitness centers, wellness facilities, multifamily complexes, colleges and universities and more. If youre looking for something specific, Wellbeats is very user-friendly and their filters make it easy to find exactly what youre looking for. Trust me, youll be beating yourself up if you dont. attract new millennial residents with on-demand, virtual fitness classes that fit their busy schedules, and isnt as intimidating as live instructor classes. You can also build strength and endurance while also improving balance and stability with their Bar Strong class. Our coaches don't have one plan that fits everyone, they develop a plan that fits you - a total fitness experience designed around your abilities, your . ; any modern Web browser, Chromecast, Airplay, and Roku. The acquisition of Wellbeats, once complete, will be LifeSpeaks fourth acquisition following its IPO in July of 2021. With WELLBEATS, you now have access to hundreds of fitness classes that you can participate in anytime in our fitness center. This assumes estimated preliminary revenue of $23.4 million for the year ending December 31, 2021 (see Financial Estimates below). Anytime Fitness - Gym in Glenwood, IA 51534 Accordingly, prospective investors should not place undue reliance on forward-looking information. Health Plans | Wellbeats Empower all of your employees and their families to live healthier, happier lives with a wellness solution that inspires and offers variety, safety, and results. SoulCycle Review: Everything to Know Before Signing Up, F45 Training Review: The Functional Workout Craze, Reviewed. Please refer to LifeSpeaks Investor Relations website at https://investors.lifespeak.com for more information about Wellbeats and the transaction. An archived replay of the webcast will be available for two weeks by clicking the link above. This makes the addition of Wellbeats highly complementary to LifeSpeaks growing lineup of digital health offerings and allows us to further extend our offering to new enterprise and embedded solutions clients. With the addition of Wellbeats incredible virtual physical wellbeing platform to our Company, we have a tremendous opportunity to cross-sell additional valuable solutions to our clients and partners, adding significant value to their health and wellbeing investments.. Do You Have Programs Available for All Ages? To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Both Wellbeats and LifeSpeak are category leaders with impressive global partners and clients, and this partnership will accelerate our combined growth dramatically. start with one of their classes that is 20 minutes or less so you can get a feel for your fitness level and abilities. Log into your Virgin Pulse account via app. See if your gym, fitness club, or employer offers Wellbeats and get access to all of your favorite exercises, anytime, anywhere. Help your employees find an exercise plan that fits. Education-based classes are led by certified, diverse, and relatable instructors, and continuous content and feature enhancements give members fresh ways to enjoy their wellbeing journey. Wellbeats ARR is expected to have been approximately $19.2 million as at December 31, 2021 (see Financial Estimates below). Other acceptable certifications may include a bachelors degree in Kinesiology, Personal Training Certification through ACE, NASM, or ACSM, or an advanced degree in Exercise Science. Additional Materials & Conference Call Notification. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. An additional $30 million will be available through an accordion facility. We are always working towards improving our app to provide you with much better experience. Best core workout: All Wellbeats classes focus on strengthening the core, but the eXpress (fast, efficient fitness) will give you the best overall core workout. With our shift to remote work, we have adapted to new technologies in teaching and managing our company's mental and physical health needs. Fitness for All Ages and Stages of Life: Wellbeats Virtual, On - PRWeb At Anytime Fitness Glenwood, the support is real and it starts the moment we meet. Help your employees improve their health and stay on track with their well-being goals by learning how HealthCheck360 maximizes the value of partner programs and integrations today. Treat yourself to some family time. Activity Calendar. If you're asked to log in with an OHID - the state's best-of-breed digital identity - your privacy, data, and personal information are protected by all federal and state digital security guidelines. Follow their 1 to 50 minute on-demand virtual training classes on their 22 different channels for a whole new workout experience. Wellbeats Wellness, a product of LifeSpeak Inc., has over 1,200 on-demand classes for all ability levels including yoga, HIIT, strength training, running and walking, mindfulness and meditation, nutrition and recipes, cycling, circuits, kickboxing, dance, work breaks, stretching, and so much more. The Company does not intend to provide such estimates in the future. All Rights Reserved. Chief Financial Officer & Secretary Theres something awesome about being able to get your fitness classes, workout plans, and fitness assessments anytime, anywhere, and thats what you get with Wellbeats Virtual Fitness Training! Wellbeats empowers your employees with easy-to-use,personalized workout programs that range in fitness ability, workout preference, schedule, and lifestyle. Visit a comedy club and enjoy some giggles! Best for fat loss: Rev (cycling) and Stomp (high rise step) are great cardio classes for elevating your heart rate and burning fat. 2021 Fast 50: Wellbeats climbs up The List to No. 35 Wellbeats fits synergistically with our platform, allowing us to enhance and expand our mental health and wellness support capabilities. Prospective investors should read this entire press release, and consult their own professional advisors to ascertain and assess the income tax, legal, risk factors and other aspects of an investment in the Company. Anywhere. Effective corporate wellness solutions are in high demand, driven by increasing expectations from employers to provide total wellbeing support to employees and the rapidly changing nature of the work environment. Then when I finished the app showed I only worked out for 4 minutes total even though I completed the entire workout. In addition, Wellbeats achieved a Net Dollar Retention rate of 108%+ for the twelve-month period ending September 30, 2021. The developer provided this information and may update it over time. Wellbeats Wellness adheres to key compliance and security regulatory standards in the United States, Canada, and EU. Wellbeats, a Minnesota-based market-leading provider of an on-demand, software-as-a-service (SaaS) physical wellbeing platform, serves a diverse client base of 400+ U.S. and international enterprise clients. If youre still having trouble, please contact support@wellbeats.com. How Can Members Interact with Each Other? Data privacy and security practices may vary based on your use, region, and age. The transaction demonstrates continued disciplined execution of LifeSpeaks strategy in several key areas and is well aligned with LifeSpeaks core acquisition criteria, including acquiring assets with: By joining LifeSpeak, we are advancing on our mission to provide all people the opportunity to live a healthier life, regardless of age, interest or ability. LifeSpeak serves a diverse global client base across many industries and sectors, including Fortune 500 companies, government agencies, insurance providers, and other health technology firms. Wellbeats on-demand fitness delivers fitness classes, challenges, and more to your users anytime, anywhere! adam.peeler@loderockadvisors.com. Wellbeats is a Minnesota-based provider of on-demand virtual fitness classes. Our building gym converted its format and got rid of live classes. Wellbeats Virtual Fitness is the premier on-demand fitness provider that delivers fitness classes, challenges, and fitness assessments to employees anytime, anywhere. Once done, and the IT team adds the Wellbeats Wellness domain to the allowed list, were set to invite employees to log in and get started. Employees can choose from more than 400 videos from fitness to mindfulnessand nutrition. mikemckenna@lifespeak.com LifeSpeak expects ARR to be in the range of $75 million $85 million as at December 31, 2022 and expects Adjusted EBITDA Margin to be in the range of 30% 40% for the year ending December 31, 2022. Because Wellbeats virtual fitness training mimics the idea and feel of having a personal trainer, it can almost feel like youre in a real class. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, http://www.linkedin.com/company/lifespeak-inc, Elevates Product Offering with the Addition of Leading SaaS-Based Physical Wellbeing Platform, Accelerates Geographic Expansion and Scale with 800+ Pro Forma Enterprise Clients and Over $54 million of Pro Forma ARR, 52% of Which Is Generated by U.S. and International Clients, Acquisition Supported by Committed $97.5 million Senior Debt Financing Facility From Scotiabanks Technology and Innovation Banking Group, and Concurrent $22 million Private Placement of Common Shares Led by Beedie Capital, Jason Von Bank, President & CEO of Wellbeats. Wel at Humana will feature a dedicated Fitness on Demand studio, where participants can choose their virtual workout from a variety of options. If you do not agree to the terms, do not download, install, or use the Wellbeats app. What is Wellbeats Virtual Fitness Trainer? Wellbeats brings a more flexible, inclusive, and dynamic fitness experience to everyone, all while providing a more trackable, data-centric wellness option. The forward-looking information contained in this press release represents the Companys expectations as of the date of this press release (or as the date it is otherwise stated to be made) and is subject to change after such date. Explore 1,200+ fitness, nutrition, and mindfulness classes for all ages, levels, abilities, and interests. The transaction is expected to close in March 2022 and is subject to customary closing conditions for a transaction of this nature. New classes are added regularly to the Wellbeats Wellness app. Fitness that fits. These measures are not recognized measures under IFRS as issued by the IASB and do not have standardized meanings prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. You can challenge your entire body using a BOSU balance trainer to increase core stability, balance, coordination, and overall strength. 416.427.1235 Wellbeats Wellness makes it easy for your members and their families to start and keep going on their health journeys with fitness, nutrition, and mindfulness classes for all ages and abilities. Whether your employees are working from, home, remotely, or on the go, Wellbeats offers a flexible fitness experience that meets them. Our 60+ goal-based programs are 1 to 8 weeks in length. St Louis Park, MN 55416. Wel at Humana Fitness Center | On-Demand Workout Videos With certified instructors, assessments, and a goal-based plan, your employees are sureto find a workout plan that fits their lifestyle. From yoga to kickboxing, dance to strength training and everything in between youll be sure to find something you enjoy with instructors that motivate you. 592,806 were here. Pro Tip: If youre a beginner or just jumping back after an injury etc. Filters make it easy to findexactly what youre looking for. After booking your session, the vendor will reach out to you direct at your specified date and time. The key performance indicators used by the Company may be calculated in a manner different than similar key performance indicators used by other companies. The best part is that if you dont know where to start, the app will actually recommend the most appropriate workout based on your own personal goals and insights. Wellbeats Wellness, a product of LifeSpeak Inc., is your virtual wellness offering to help you live a healthier life. Wellbeats - Push Pedal Pull From all varieties of exercise to meditation, yoga, and nutrition, our on-demand classes give every employee the tools they need to live a healthier life. Employees and spouses can each earn $10. Download this guide with steps to reset your password. }); Monthly Average Class Plays Per Engaged Member. Wellbeats Wellness, a product of LifeSpeak Inc., is your virtual wellness offering to help you live a healthier life. where theyre at on their health journey. The Companys calculation of ARR assumes that active clients will renew their contracts at the time of renewal. Unlike regular gym classes, Wellbeats is completely virtual and on-demand so you can get your fitness on on your own time! Whether youre looking for high-intensity training, cycling, yoga, or just something quick to do on your breaks, there is a Wellbeats class for everyone. Welcome to Anytime Fitness! LifeSpeak To Acquire Wellbeats - A U.S.-Based On-Demand For more information, see the developers privacy policy. Wellbeats Virtual Fitness is the premier on-demand fitness provider that delivers fitness classes, challenges, and fitness assessments to employees anytime, anywhere. Anywhere. Wellbeats Wellness is your virtual wellness benefit provided by your sponsoring organization (e.g. Wellbeats Wellness is accessible globally through iOS, Android, Windows devices, and web browsers. LearnMore. Explore 1,000+ fitness, nutrition, and mindfulness classes to help you live a healthier life. Wellbeats Wellness social community feature makes it easy for employees to schedule a class, add it to their calendar, set and send reminders and invite others to join them at a scheduled time. Not that you need to hit a fitness goal to reward yourself with family time. Contact Us Email or call at (712) 527-9800. The Company calculates Net Dollar Retention Rate for a period by considering a cohort of clients at the beginning of the period, and dividing the ARR from enterprise and embedded solutions attributable to that cohort at the end of the period, by the ARR from enterprise and embedded solutions attributable to that cohort at the beginning of the period. You can benchmark and track your results withWellbeats Fit Tests. To learn more about a club close to you, please contact them directly. The developer, WELLBEATS, Inc, indicated that the apps privacy practices may include handling of data as described below. It includes personalized features, goal-based workout plans, workbreaksand more. Wellbeats can help its an easy-to-usefitness and well-being benefit that you can access anytime, anywhere. With more than 1,200 fitness, nutrition, and mindfulness classes led by certified, relatable instructors and 60+ goal-based programs available anytime . I am hooked!I just completed my first class on Wellbeats. The Company does not intend to report this multiple on a go-forward basis. A comprehensive suite of wellbeing solutions is paramount for organizations seeking to support their employees mental health and physical wellbeing. Accounts are purchased at a corporate-level only and are not available for purchase at an individual level. Contact Us - Anytime Fitness The Companys management also uses non-IFRS measures and key performance indicators in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts, and to determine components of management and executive compensation. Anytime Fitness clubs are independently owned and operated. See Staffed Hours. Popular Wellbeats classes include: Kinetics, eXpress, TKO, Vibe, Fusion, and STOMP. 35 this year is St. Louis Park-based Wellbeats, an on-demand fitness provider. Engaging Employees in Their Health and Wellbeing, I feel we chose a program that employees are enjoying. Wellbeats can help it's an easy-to-use fitness and well-being benefit that you can access anytime, anywhere. Efficient and easy implementation includes streamlined SSO and API integration. Fitness that fits. To learn more, follow LifeSpeak on LinkedIn (http://www.linkedin.com/company/lifespeak-inc), or visit www.LifeSpeak.com. Corporate Well-being, Youll be directed to Wellbeats sitewhere you can stream a class, take afit test, or enroll in a challenge. Share sensitive information only on official, secure websites. With 17+ years of experience creating and curating thousands of expert-led micro-learning videos and other digital content, LifeSpeaks proprietary librarys depth and breadth of easily consumable content helps companies around the world support their people anytime and anywhere. It exceeded my expectations., We have teachers from kindergarten through high school that have recorded a Wellbeats workout to play with their students.. Whether you're an expert at yoga or new to running, looking for ways to eat healthy or only have five minutes to unwind . Wellbeats proprietary content and technology enable individuals and families to take control of their health with fitness solutions that fit their lives. These non-IFRS measures and key performance indicators are used to provide investors with supplemental measures of the Companys operating performance and liquidity and thus highlight trends in the Companys business that may not otherwise be apparent when relying solely on IFRS measures. A demo of the Wellbeats Wellness platform, Tips to keep you on track and reach your goals. Help your employees find an exercise plan that fits. This forward-looking information includes, among other things, statements relating to: completion of and timing for completion of the acquisition, funding of the acquisition, expectations for deleveraging, expectations relating to impact on the Companys revenues, ARR, and margins, expectations regarding industry trends, and the Companys growth rates and growth strategies; addressable markets for the Companys platform; the Companys ability to use its technology to enhance and expand its products and services; the opportunity to cross-sell Wellbeats physical wellbeing platform around the world, as well as increase the prevalence of our industry-leading mental health and total wellbeing education platform; the Companys business plans, objectives, strategies; the Companys future financial outlook and anticipated events or results; the intent, belief or current expectations of management with respect to the consolidated results of operations and financial condition; and the Companys competitive position in its industry. Each class ranges anywhere from 1 to 50 minutes in length so you can get your workouts done quickly and efficiently. Wellbeats, a LifeSpeak company | LinkedIn WELLBEATS offers a variety of classes from 20-50 minutes that you can fit into your day, no matter what it holds. Wellbeats, a LifeSpeak company | 5,813 followers on LinkedIn. 2023 Demo. This press release may contain forward-looking information within the meaning of applicable Canadian securities laws.

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