Red Ventures Acquires Leading U.S. Health Information Platform Healthline Media

Recently, VCBeat (WeChat ID: vcbeat) learned from foreign media reports that the investment firm Summit Partners has sold the health information website Healthline to the digital company Red Ventures, with the transaction amount undisclosed. Since Summit’s investment in 2016, Healthline has grown into the number-one-ranked health information website in the United States. Leveraging its authoritative health content, Healthline attracts over 150 million monthly visits globally, surpassing nearly every other health website.

Ric Elias, CEO of Red Ventures, stated, “The healthcare industry is undergoing disruptive change, and Healthline is one of the most trusted sources of information for consumers.” “We see a significant opportunity to combine our digital marketing expertise, technology platforms, and products with Healthline’s digital asset portfolio and best-in-class content, empowering individuals to take control of their health and find the resources and medical services they need,” said Ric Elias.

Through Healthline.com, MedicalNewsToday.com, and Greatist.com, Healthline—the largest and fastest-growing online healthcare platform—helps millions of visitors each month lead healthier lives via its flagship website, Healthline.com. Its partners and advertisers rely on Healthline to reach many health-conscious consumers through targeted advertising and branded campaigns.

Healthline employs more than 300 people across its main offices in San Francisco, New York, and Brighton, UK. “Red Ventures’ ability to effectively accelerate our business growth is compelling,” said David Kopp, CEO of Healthline. “We are deeply grateful for Summit Partners’ strong support, and we look forward to collaborating with Red Ventures to create greater future opportunities.”

In 2016, Summit Partners invested in Healthline Media to help it fulfill its mission of becoming the most trusted ally for millions of health seekers across demographics and digital devices. Since then, the company’s revenue, global operations, and workforce have more than tripled.

Dr. Craig Frances, Managing Director at Summit Partners, stated, “It has been a privilege to work with Healthline’s passionate and talented team. We are delighted that they have found another like-minded partner in Red Ventures.” Dr. Frances added, “The teams at Healthline and Red Ventures recognize the growing importance of online and mobile channels as resources for health information, and we believe they will continue to jointly fulfill their mission of inspiring and informing healthcare consumers.”

Red Ventures, founded in 2000, is a growing portfolio of digital businesses that connects consumers and brands by integrating e-commerce, strategic partnerships, and 17 proprietary brands. Its operations span the financial, home, health, education, and digital services sectors. Headquartered south of Charlotte, North Carolina, Red Ventures employs 3,000 people across the United States, London, and São Paulo.

As one of the fastest-growing consumer health information websites, Healthline.com advances Healthline’s mission to be the most trusted ally for users in their pursuit of health and well-being. Healthline provides medically reviewed, data-driven content to help a growing number of people lead healthier lives.

Summit Partners, founded in 1984, is a global investment firm managing over $19 billion in capital, with a focus on growth equity, fixed income, and public equity investment opportunities. Summit Partners invests in sectors driving economic growth and has invested in more than 500 companies across technology, healthcare, and other high-growth industries. The firm maintains offices in North America and Europe, along with affiliated investment entities worldwide.

(Compiled by: Xu Wenjuan)