Philadelphia-based GlobalFit, a workplace health and wellness technology company, has acquired The Charge Group, a Broomall-based provider of insurance-funded workplace health and nutrition programs, in a cash and stock transaction.
Following an 18-month partnership, GlobalFit and Charge decided to merge with a goal of accelerating the introduction of Charge's in-person and tele-nutrition programs at GlobalFit's 4,500 employer and insurer clients nationwide.
Since introducing its evidence-based, 1-on-1 and personalized workplace nutrition program in 2015, Charge has grown to 34 employees, serving approximately 400 employer clients, and posted a 122 percent revenue CAGR from 2016-2018.
As a GlobalFit subsidiary led by founder and CEO Mike McGrath, Charge will continue to provide nutrition services to its existing client roster in the Mid-Atlantic region while expanding its insurance-funded in-person workplace nutrition services nationwide to GlobalFit's clients. Charge's newly developed tele-nutrition platform will also be deployed nationally to reach those employees in remote locations who are unable to meet with a registered dietitian in-person.
