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HealthTech Fitness and Wellness Platforms sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for HealthTech Fitness and Wellness Platforms

1.1 - About HealthTech Fitness and Wellness Platforms sector

Companies in the HealthTech Fitness and Wellness Platforms category build integrated hardware-and-software ecosystems that deliver connected workouts, biometric tracking, and evidence-based wellbeing programs. Offerings span smart equipment, mobile apps, wearables, and corporate wellness SaaS, providing personalized coaching and data-driven insights. These vendors enable users and organizations to monitor performance, recovery, and mental health at scale, helping analysts identify strategic buyers in connected fitness and digital wellness.

Typical capabilities span smart bikes and treadmills with HD touchscreens, auto-resistance, and trainer-led classes, paired with mobile training apps that handle route planning, leaderboards, and subscription performance features. Vendors add wearables that track sleep, HRV, strain, and recovery, plus corporate wellness platforms aggregating fitness, mindfulness, therapy, and nutrition. Many also offer evidence-based mindfulness apps, recovery devices like percussion massage and compression boots with guided routines, and RPM solutions that stream physiologic data to clinical dashboards.

These companies serve consumer athletes and fitness enthusiasts, employers running enterprise wellness programs, and healthcare providers offering preventative care. Outcomes include increased engagement and retention through personalized coaching, improved wellbeing and performance metrics via continuous monitoring, reduced healthcare spend and absenteeism for employers, and new recurring revenue from reimbursable remote patient monitoring. They also enable data-driven coaching, program compliance, and cross-device visibility into population health trends.

2. Buyers in the HealthTech Fitness and Wellness Platforms sector

2.1 Top strategic acquirers of HealthTech Fitness and Wellness Platforms companies

Peloton Logo

Peloton

HQ: United States Website
  • Description: Provider of a connected fitness application that streams thousands of live and on-demand workout classes across 10+ disciplines. The Peloton App delivers real-time metrics, personalized progress tracking and multi-tier memberships, enabling users to exercise at home, the gym or on the go via phone, TV or tablet, with or without equipment.
  • Key Products:
  • Peloton Bike & Bike+: Internet-connected stationary bicycles with HD touchscreens that stream live/on-demand classes, display real-time metrics, leaderboard, and offer auto-resistance plus Bluetooth connectivity
  • Peloton Tread & Tread+: Connected treadmills with 32-inch or 23.8-inch touchscreens, slatted running surface, sound bar and safety features that deliver streamed running and boot-camp sessions
  • Peloton Row: Indoor rowing machine launched 2022 costing $3,195 that provides connected rowing workouts with class streaming and performance tracking
  • Peloton Digital Membership/App: $12.99-per-month service letting users without equipment stream Peloton’s cycling, running, strength, yoga and other classes via mobile app, web and TV platforms.
  • Rationale: Provider of Peloton Bike & Bike+ connected cycling, Peloton Tread smart treadmill, and Peloton App membership with coaching metrics.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for HealthTech Fitness and Wellness Platforms sector

M&A buyer group 1: Smart Exercising Equipment

6 companies View group →
Description: Companies in the Smart Fitness Equipment Platforms category deliver connected exercise machines and software that guide, track, and personalize training. They combine embedded sensors, on-device interfaces, and companion apps to capture performance data and deliver adaptive coaching and content. By integrating with wearables and health platforms, these vendors help customers improve workout outcomes, engagement, and equipment utilization across home and commercial fitness environments.
Peloton

Peloton

Website HQ: United States
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of a connected fitness application that streams thousands of live and on-demand workout classes across 10+ disciplines. The Peloton App delivers real-time metrics, personalized progress tracking and multi-tier memberships, enabling users to exercise at home, the gym or on the go via phone, TV or tablet, with or without equipment.
  • Key Products:
  • Peloton Bike & Bike+: Internet-connected stationary bicycles with HD touchscreens that stream live/on-demand classes, display real-time metrics, leaderboard, and offer auto-resistance plus Bluetooth connectivity
  • Peloton Tread & Tread+: Connected treadmills with 32-inch or 23.8-inch touchscreens, slatted running surface, sound bar and safety features that deliver streamed running and boot-camp sessions
  • Peloton Row: Indoor rowing machine launched 2022 costing $3,195 that provides connected rowing workouts with class streaming and performance tracking
  • Peloton Digital Membership/App: $12.99-per-month service letting users without equipment stream Peloton’s cycling, running, strength, yoga and other classes via mobile app, web and TV platforms.
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Buyer group 2: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in HealthTech Fitness and Wellness Platforms sector

3.1 - Buyout funds in the HealthTech Fitness and Wellness Platforms sector

Buyout Funds investing in HealthTech Fitness and Wellness Platforms companies

51+ funds
Description: Buyout funds focused on HealthTech Fitness and Wellness Platforms companies globally.

Vista Equity Partners

Website HQ: United States
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in HealthTech Fitness and Wellness Platforms
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for HealthTech Fitness and Wellness Platforms sector

Growth Equity Funds in HealthTech Fitness and Wellness Platforms companies

41+ funds
Description: Growth equity funds focused on HealthTech Fitness and Wellness Platforms companies globally.

Summit Partners

Website HQ: United States
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in HealthTech Fitness and Wellness Platforms
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for HealthTech Fitness and Wellness Platforms companies

4.2 - Public trading comparable groups for HealthTech Fitness and Wellness Platforms sector

Valuation benchmark group 1: Connected Fitness and Sports Technology

3 companies View group →
Description: Companies in this trading comparable group develop and operate connected fitness and sports technology platforms spanning consumer wearables, at‑home equipment, and tech-enabled sports entertainment. Revenue models combine hardware sales, recurring digital subscriptions, and venue-based experiences. They are grouped together as valuation benchmarks because they monetize engagement in health, fitness, and sports through integrated device‑software ecosystems and premium brand positioning.
Garmin logo

Garmin

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of GPS navigation and wearable technology products across diverse markets including automotive, aviation, marine, fitness, and outdoor, focusing on enhancing user experience through innovative and reliable technology solutions.
  • Key Products:
  • Smartwatches: Advanced wearables for fitness and health monitoring
  • Automotive GPS: Navigation systems for vehicles with real-time traffic updates
  • Aviation Solutions: Avionics and navigation systems for aircrafts
  • Marine Electronics: Navigation, fish finding, and radar systems for marine use
  • Fitness Trackers: Wearable devices for tracking physical activities and health metrics.
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the HealthTech Fitness and Wellness Platforms sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in HealthTech Fitness and Wellness Platforms sector

Who are the top strategic acquirers of HealthTech Fitness and Wellness Platforms companies?

Top strategic buyers in this sector include Peloton, a provider of a connected fitness application that streams thousands of live and on-demand workout classes across 10+ disciplines. the peloton app delivers real-time metrics, personalized progress tracking and multi-tier memberships, enabling users to exercise at home, the gym or on the go via phone, tv or tablet, with or without equipment. .

Which buyer groups are most relevant for HealthTech Fitness and Wellness Platforms companies?

Relevant strategic buyer groups similar to the HealthTech Fitness and Wellness Platforms sector include Smart Exercising Equipment because they share similar customer segments and product capabilities.

Financial Investors in HealthTech Fitness and Wellness Platforms sector

Which are the top PE firms investing in HealthTech Fitness and Wellness Platforms companies?

Potential investors in the broader HealthTech Fitness and Wellness Platforms space include Summit Partners and Vista Equity Partners.

Who are the top buyout funds acquiring HealthTech Fitness and Wellness Platforms companies?

Active PE funds and buyout funds acquiring companies in the HealthTech Fitness and Wellness Platforms space include Vista Equity Partners.

Who are the top growth equity funds investing in HealthTech Fitness and Wellness Platforms companies?

Growth funds investing in the broader HealthTech Fitness and Wellness Platforms sector include Summit Partners.

Valuation of Companies in HealthTech Fitness and Wellness Platforms sector

Which are the key public companies that are relevant trading comps for HealthTech Fitness and Wellness Platforms companies?

Key trading comparable groups include Garmin, a provider of gps navigation and wearable technology products across diverse markets including automotive, aviation, marine, fitness, and outdoor, focusing on enhancing user experience through innovative and reliable technology solutions..

Which are the key trading comparable groups for HealthTech Fitness and Wellness Platforms companies?

Similar trading comparable companies include Connected Fitness and Sports Technology. Our platform tracks detailed trading comparable groups in the HealthTech Fitness and Wellness Platforms sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the HealthTech Fitness and Wellness Platforms sector?

Our platform tracks M&A transactions in the HealthTech Fitness and Wellness Platforms sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in HealthTech Fitness and Wellness Platforms?

Access recent funding rounds in the HealthTech Fitness and Wellness Platforms sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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