Wellbeats Review: How Does The Virtual Fitness Trainer Stack Up? 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. Wellbeats Virtual Fitness is the premier on-demand fitness provider that delivers fitness classes, challenges, and fitness assessments to employees anytime, anywhere.
Fitness for All Ages and Stages of Life: Wellbeats Virtual, On - PRWeb Wel at Humana will feature a dedicated Fitness on Demand studio, where participants can choose their virtual workout from a variety of options. Explore 1,200+ fitness, nutrition, and mindfulness classes for all ages, levels, abilities, and interests. People of every age, interest, body type, and ability level deserve the same opportunity: to live a healthier life. Access the most popular workouts anytime you want with Fitness On Demand. This compares to 225+ clients and ARR of approximately $21.0 million at the time of IPO3, representing a significant increase in the opportunity set for the overall LifeSpeak product and platform. These opinions, estimates and assumptions include, but are not limited to, the following: the Companys ability to build its market share and enter new geographies; the total available market for its products; the Companys ability to retain key personnel; the Companys ability to maintain and expand geographic scope; the Companys ability to execute on its expansion plans; the Companys ability to continue investing in infrastructure to support its growth and brand recognition; the Companys ability to continue maintaining and enhancing its technological infrastructure and functionality of its platform; the Companys ability to obtain financing on acceptable terms; the Companys ability to effectively integrate its recent acquisitions; the Companys ability to generate sufficient cash to deleverage, the impact of competition; the changes and trends in the Companys industry or the global economy; and changes in laws, rules, regulations, and global standards. What Compliance and Security Regulatory Standards Do You Maintain? It includes personalized features, goal-based workout plans, work breaks and more. Wellbeats offers over 22 channels and hundreds (350+) of virtual fitness classes. 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. With onsite options and streaming to mobile devices, you can get access to their challenging workouts anytime and anywhere, no live instructor needed. Wellbeats, a LifeSpeak company | 5,813 followers on LinkedIn. WELLBEATS offers a variety of classes from 20-50 minutes that you can fit into your day, no matter what it holds. 35 this year is St. Louis Park-based Wellbeats, an on-demand fitness provider. Wellbeats Wellness, a product of LifeSpeak Inc., is your virtual wellness offering to help you live a healthier life. 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. Pro Tip: Track and measure your results after you complete each fit test so you can hold yourself accountable and reach your goals faster! I was using the app on my iPad but may switch to logging in to their site on my computer next time to see if that is better. 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.. hbspt.forms.create({ Best full body workout: Bosu great for a full-body workout. Exercise improves the quality of life and overall well-being. Wellbeats Wellness is accessible globally through iOS, Android, Windows devices, and web browsers. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not currently known to the Company or that the Company currently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. Wellbeats on-demand fitness delivers fitness classes, challenges, and more to your users anytime, anywhere! In this webinar, you will learn: 2023 Demo. Best at building muscle: Definitions is a great Wellbeats class for strength training and building more defined muscle. The combined companies are expected to deliver strong core organic revenue and ARR growth, enhanced through the significant revenue synergies and cross-sell opportunities across the pro forma client base. 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. Hello, Wellbeats member! In order to provide context to the information provided in this press release prior to the release of the Companys financial results for the year-ended December 31, 2021, the Company is providing preliminary financial estimates with respect to its revenue and ARR. Wellbeats virtual fitness is a premier on-demand fitness provider that delivers fitness classes, challenges, and fitness assessments anytime, anywhere. 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. Thank you Wellbeats for fixing the issue and providing top notch workouts. In addition, Wellbeats achieved a Net Dollar Retention rate of 108%+ for the twelve-month period ending September 30, 2021. Data privacy and security practices may vary based on your use, region, and age. Yes. Please refer to LifeSpeaks Investor Relations website at https://investors.lifespeak.com for more information about Wellbeats and the transaction. 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. ARR is mainly comprised of revenue from enterprise and embedded solutions and includes revenue from small business and ancillary services (comprised of portals, kits and events purchased by the Companys existing clients or distributed through its channel partners). 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. where theyre at on their health journey. 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. This press release may make reference to certain non-IFRS financial measures and key performance indicators. 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. 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. While some programs focus on fitness alone, Wellbeats Wellness offers classes to fuel the body and the mind. Not only that, but users get access to fitness classes that meet their interest and goals whenever it is most convenient for them, which pretty much makes Wellbeats a no-brainer. In addition to your regular in-demand classes like Zumba, yoga, cycling, and circuit training, Wellbeats also offers popular pre- and post-natal exercise classes, which is not something that your regular gym and studio classes tend to offer. An archived replay of the webcast will be available for two weeks by clicking the link above. Wellbeats is a Minnesota-based provider of on-demand virtual fitness classes. 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. When prompted, enter the email address associated with your Wellbeats account (not Virgin Pulse account). The acquisition of Wellbeats, once complete, will be LifeSpeaks fourth acquisition following its IPO in July of 2021. persons (as such term is defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements of the 1933 Act any application state securities laws. Fitness assessments and goal specific workout plans. 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.
Wellbeats - Ohio 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. The company was founded in 2008 with a goal to make fitness affordable, simple, fun, and accessible to everyone. 2 Calculated under our financing arrangement based on pro forma 2021 last quarter Adjusted Bank EBITDA annualized, including Wellbeats. With a combined 30 years of experience as respective leaders in digital health education and physical wellbeing, the acquisition supercharges LifeSpeaks ability to meet rapidly growing demand from organizations for a comprehensive, single-vendor solution to meet mental and physical health support needs. Popular Wellbeats classes include: Kinetics, eXpress, TKO, Vibe, Fusion, and STOMP. Wellbeats brings a more flexible, inclusive, and dynamic fitness experience to everyone, all while providing a more trackable, data-centric wellness option. Accordingly, prospective investors should not place undue reliance on forward-looking information. Explore 1,200+ fitness, nutrition, and mindfulness classes for all ages, levels, abilities, and interests. Safety starts with understanding how developers collect and share your data. Based on current sales pipeline visibility, the successful integration of the LIFT, ALAViDA and Torchlight, and the anticipated closing and integration of Wellbeats, LifeSpeak expects 2022 revenue growth to be in the range of 180% 200% for the year ending December 31, 2022. Wellbeats Wellness adheres to key compliance and security regulatory standards in the United States, Canada, and EU. You can benchmark and track your results withWellbeats Fit Tests. 1207 S. Locust St. Glenwood IA 51534. We are excited to be part of the LifeSpeak family and look forward to continuing to deliver on our mission for our clients, their employees, and shareholders., Transaction Details, Financing, and Concurrent Private Placement. Minimum availability is 5.00x Net Debt-to-Adjusted Bank EBITDA through 2022, and the credit facility will contain customary terms and conditions for a senior secured facility of this nature. 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. The Company also believes that securities analysts, investors, and other interested parties frequently use non-IFRS measures and key performance indicators in the evaluation of issuers. Try a new style of exercise by taking advantage of Tutorial and Basic classes, or work towards a specific goal with the 4- to 8-week Workout Plans. Get rewarded for making healthy decisions!
Anytime. A demo of the Wellbeats Wellness platform, Tips to keep you on track and reach your goals. 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. What is Wellbeats Virtual Fitness Trainer? 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. At the closing of the transaction, LifeSpeak expects to have Net Debt of approximately $91 million excluding the proceeds of the Private Placement described below and a Net Debt-to-Adjusted Bank EBITDA multiple of 4.4x2. adam.peeler@loderockadvisors.com. Through this acquisition, we are excited to have the opportunity to cross-sell this extraordinary physical wellbeing platform around the world, as well as increase the prevalence of our industry-leading mental health and total wellbeing education platform.. There are 3 Fitness Tests that consist of 10-20 minute workouts that incorporate timed activities from their various classes. Each of our 60+ exercise instructors is required to have minimum certification in Group Fitness from either ACE or AFAA. Simply browse the WELLBEATS Player, and press play on the class that interests you at the time that works for your schedule. Welcome to Anytime Fitness! Wellbeats offers 30 channels and hundreds ofvirtual fitness classes with something for everyage, stage, and ability. 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. Wellbeats also offers childrens classes for kids as young as 3! Fitness that fits. Follow their 1 to 50 minute on-demand virtual training classes on their 22 different channels for a whole new workout experience. See Staffed Hours.
Wel at Humana Fitness Center | On-Demand Workout Videos EBITDA as EBITDA before non-recurring restructuring and other costs related to the entry into of the Companys credit agreement and recapitalization distributions, expenses related to the investment by the Institutional Investors, costs and expenses in connection with the acquisition and related matters, share-based compensation, foreign exchange loss (gain) and shareholders distributions. 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.
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