Liva Healthcare Acquires Momenta, Secures Strategic Funding to Amplify Growth
Deal News | Feb 05, 2025 | PR Newswire Cision Liva Healthcare
Liva Healthcare, a digital health technology platform, has announced its acquisition of Discover Momenta, including its subsidiary Momenta Newcastle. This strategic acquisition, for an undisclosed sum, enables Liva to expand its reach significantly. Both companies are noted for their evidence-based programs aimed at helping patients manage lifestyle-related chronic conditions. Liva's growth trajectory is further boosted by securing additional funding from new strategic investor IBL Group, through its portfolio company Nupo, alongside support from existing investors such as MIG, Santos, Maj Invest, and other private parties. Shahram Sharif, CEO of Liva Healthcare, emphasizes that this move highlights a revamped strategic growth plan aimed at cementing Liva's position in providing chronic condition management services, especially with the National Health Service (NHS) in England. Harry MacMillan, CEO of Momenta, joins Liva's leadership. The acquisition aims to leverage Liva’s digital platform to expand Momenta’s service delivery in managing conditions like obesity and Type 2 diabetes. Peter Wedelheim, CEO of Nupo, also supports the synergy of digital technology and coaching in Liva’s approach.
Sectors
- Healthcare Technology
- Private Equity
- Chronic Disease Management
Geography
- Denmark – Liva Healthcare is based in Copenhagen, and new investor IBL Group and Nupo are also based in Denmark.
- United Kingdom – Momenta is based in the UK, focusing on providing services to the NHS and local authorities.
- Europe – Liva Healthcare aims to expand its offerings across Europe and beyond.
Industry
- Healthcare Technology – Liva Healthcare represents the intersection of healthcare and technology, providing digital health solutions.
- Private Equity – IBL Group's investment in Liva Healthcare highlights private equity's role in funding healthcare innovations.
- Chronic Disease Management – Both Liva and Momenta focus on managing lifestyle-related chronic diseases through evidence-based programs.
Financials
- Undisclosed – The purchase price of Discover Momenta by Liva Healthcare.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Liva Healthcare | Acquiring Company | Company | Digital health technology platform specializing in lifestyle-related chronic disease management. |
| Discover Momenta | Target Company | Company | UK-based provider of healthy lifestyle programs, focused on evidence-based interventions. |
| IBL Group | Investor | Company | Danish family-backed investment group, investing through its portfolio company Nupo. |
| Nupo | Investor | Company | Danish company under IBL Group, leading the funding round for Liva Healthcare. |
| Shahram Sharif | CEO of Liva Healthcare | Person | CEO of Liva, guiding company strategy and expansion. |
| Harry MacMillan | CEO of Momenta / Leadership team at Liva | Person | CEO of Momenta, joining Liva's leadership post-acquisition. |
| Peter Wedelheim | CEO of Nupo | Person | CEO of Nupo, supporting the investment in Liva Healthcare. |