Empathy | December 15, 2023
Empathy, the comprehensive support system for loss helping families navigate all its emotional and logistical challenges, announced a new partnership with Carallel, the leading provider of holistic support, guidance and assistance for family caregivers. Progressive, family-oriented employers will gain access to a unique blend of tools and services which empower their employees to navigate the intricate landscapes of both caregiving and grief. This collaboration will provide continuity of care for both the caregiving population and those who have experienced loss.
More than 53 million Americans support a loved one as a family caregiver, and 61% of them are employed. Caregiving affects every facet of an employee's life, including their mental and physical health (57% report clinically significant levels of depression, stress and anxiety), work capacity (80% of caregiving employees said caregiving impacted their work productivity) and absenteeism (missing up to 12 hours of work each month due to caregiving responsibilities).
Stress intensifies when the loved one they care for passes away. Dealing with the tasks associated with loss can take families over 12 months to handle, and costs them on average $12,702. The burden is amplified for those balancing a full time job,with 43% of employees reporting difficulties concentrating at work in the period after their loss, while also suffering from symptoms such as anxiety, panic attacks, and memory issues, which can persist for months.
Together, Empathy and Carallel offer a comprehensive solution to help employers reduce healthcare costs, improve productivity and effectiveness, and increase retention by addressing the holistic needs of employees through every stage of caregiving and grief.
Carallel's approach seamlessly blends live support from compassionate, expert Care Advocates with comprehensive digital tools and resources to create personalized plans that boost caregiver resilience. It is through this caregiver-centered, holistic approach that Carallel is able to provide caregivers emotional support, targeted guidance and practical assistance across a wide range of caregiving needs — from disability care to elder care and beyond.
With a similar approach, Empathy extends Carallel's offering, enabling employers to provide human-centered, tech-powered support to employees who have suffered a loss. Empathy's award-winning platform is complemented by a full-fledged Care Team, including on-demand Care Managers, who provide personalized step-by-step guidance through all the emotional and practical challenges of loss. This partnership will enable employers to have more streamlined contracting and a more seamless experience for employees, facilitating continuity of care for families throughout all of life's greatest challenges.
"Empathy shares Carallel's core mission of making big life challenges easier by addressing them holistically — both emotionally and practically. We are committed to providing a seamless and comprehensive experience for employees navigating the challenges of caregiving and bereavement," said Shara Cohen, CEO of Carallel. "This is a truly interconnected collaboration — applying similar philosophies to intertwined life experiences. By doing so, we are reshaping the landscape of workplace well-being to elevate the overall welfare of caregivers and those in their care.
"Employees juggling caregiving responsibilities with their full-time work commitments often find themselves particularly challenged when coping with the loss of a loved one," said Ron Gura, Co-Founder and CEO of Empathy. "By partnering with Carallel, a leader in providing assistance and guidance for caregivers, we empower employers to offer holistic, full-circle support that encompasses both caregiving and bereavement as integral employee benefits. With this approach, employers can ensure continuity of care through life's most difficult moments."
Empathy is the comprehensive support system for loss, offering bereaved families holistic guidance and care for all of the administrative, emotional, legal, and financial challenges they face after their loved one passes away. Empathy's award-winning app and care team are trusted by leading employers and insurance carriers to support their employees and beneficiaries through life's greatest challenges, saving them time, money, and stress. Headquartered in New York and recognized as a Top Digital Health Company by CB Insights, as well as a Most Innovative Company by FastCompany, Empathy has raised $43 million in funding from leading investors including General Catalyst, Aleph VC, and Entrée Capital.
HireRight | December 12, 2023
HireRight Holdings Corporation a leading provider of global background screening services and workforce solutions, announced that it has received a non-binding proposal from General Atlantic, L.P. (“General Atlantic”) and Stone Point Capital LLC (“Stone Point”), and their respective affiliated funds (collectively, the “Sponsors”), to acquire all of the Company’s outstanding shares of common stock that are not already owned by the Sponsors for $12.75 in cash per share.
The board of directors of the Company previously formed a special committee of independent directors (the “Special Committee”) to evaluate and consider any potential or actual transaction proposal from the Sponsors and any other alternative proposals or other strategic alternatives that may be available to the Company.
There can be no assurance that any definitive agreement will result from the proposal submitted by the Sponsors or that any transaction will be consummated. The Company and the Special Committee do not intend to comment further about this proposal unless and until they deem further disclosure is appropriate.
A copy of the Sponsors’ proposal letter is available as an exhibit to General Atlantic and Stone Point’s statements of beneficial ownership on Schedule 13D/A as publicly filed on Friday, December 8, 2023, with the United States Securities and Exchange Commission.
HireRight is a leading global provider of technology-driven workforce risk management and compliance solutions. We provide comprehensive background screening, verification, identification, monitoring, and drug and health screening services for approximately 37,000 customers across the globe. We offer our services via a unified global software and data platform that tightly integrates into our customers’ human capital management systems enabling highly effective and efficient workflows for workforce hiring, onboarding, and monitoring. In 2022, we screened over 24 million job applicants, employees and contractors for our customers and processed over 107 million screens.
Springbuk | January 23, 2024
Reperio Health, the only provider of at-home and onsite biometric screenings with instant results, announced a strategic partnership with Springbuk, the leading health intelligence platform for employers and benefits advisors. By integrating Reperio’s full service biometric screening experience with insights from the Springbuk Activate partner marketplace, the solution will enhance healthcare outcomes through data-driven insights and personalized care.
The Springbuk Activate marketplace matches employers with possible partners based on their population's health needs or risks, showing them potential opportunities in savings and program engagement – all in one place.
"Reperio's innovative at-home and onsite health screening services bring convenience and timeliness to our employees,” said Joy Powell, CEO of Springbuk. “The instant results and metrics-driven insights empower our employer and broker clients and their members to take control of their wellness, marking a significant shift towards preventive care."
Reperio worked with Springbuk to develop a customized “card” within the Springbuk application that identifies the number of members in the employer’s population who may qualify for Reperio’s annual biometric screening program and a 12-month savings opportunity estimate based on assumptions of program success.
“We are excited to partner with Springbuk to offer their members an integrative, secure and easy-to-use biometric health screening kit,” said Travis Rush, CEO and co-founder of Reperio Health. “It’s our expressed intent to help them — and thousands of others — prioritize their preventive health with actionable insights. We’re proud to be in a collaborative effort to do just that.”
Springbuk is a leading-edge health analytics intelligence platform that empowers employers and consultants to sharpen their benefits strategy, advance employee health, and contain costs. The innovative solution offers deep analytic insights, allows data-informed decision-making, and provides curated action steps and strategic direction to maximize return on employee benefit investments.
About Reperio Health
Reperio Health is the only provider of at-home and onsite comprehensive health screenings with instant results. An innovation in preventive care, Reperio’s patented technology pairs a mobile app with FDA-cleared devices, bringing a consumer-grade experience to biometric screenings. The solution modernizes the costly and inaccessible screening processes deployed today and reaches every corner of the healthcare industry—including employers, providers, payers and more. Clients are empowered by metrics-driven insights and HIPAA-compliant data integration to bolster their wellness, benefits and population health management offerings.