Cleveland-based PE Firm The Riverside Co. has invested in Naturally Slim of Dallas, a digital health platform focused on helping participants lose weight and lead healthier lives.
Naturally Slim is a clinically proven solution that drives behavioral changes to deliver long-lasting results, including sustained weight loss and a reversal of Metabolic Syndrome risk factors that can lead to serious health conditions, like type 2 diabetes, heart disease and many forms of cancer.
The company’s scalable, self-paced digital program utilizes the latest behavioral health and teaching concepts to make weight loss achievable for all participants. The company primarily serves self-insured employers helping them create healthier employee populations.
“During our investment, we plan to expand Naturally Slim’s customer base, payor network and product capabilities, focusing on offering the right solution to address employers’ health and wellness needs,” Riverside Partner Steve Burns said in a statement.
Working with Riverside Managing Partner Suzy Kriscunas and Burns on the deal were Partner Hunter Peterson, Operating Partner Steve Stubitz, Vice President Fei Ren, Senior Associate Daniel Grinnan, Senior Associate Dom Zingarelli, Associate Cord Walker and Operating Finance Executive Rob Carraway. Partner Anne Hayes helped secure financing for the deal. Jeremy Holland sourced the deal for Riverside.