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Weight Watchers Enters Telehealth Space, Acquires Digital Company Sequence

  • WW plans to integrate its weight-loss plans and recipes with telehealth consultations and doctor-approved prescription drugs in a planned $106M acquisition of digital health company Sequence.

  • Launched in 2021, Sequence has about 24,000 members who pay $99 a month for Services that include telehealth appointments with doctors who can prescribe drugs that mimic the hormone glucagon-like peptide-1 (GLP-1)-which stimulates insulin production and also slows emptying of the stomach.

  • These drugs include Ozempic, which is prescribed for Type 2 Diabetes but has become extremely popular-leading to pharmacy shortages in some states-because of its ability to help people lose weight.

  • It's the latest digital evolution for Weight Watchers, which provides customized nutrition plans, lifestyle trackers, 24/7 coach support and more than 12,000 healthy meal recipes via its app.

  • First-time users of Sequence take a online five minute quiz about their medical and weight-loss history before speaking to a Clinician who then develops a treatment plan.

  • The acquisition is expected to close in the second quarter of 2023.

SOURCE: Media Post 3/9/23

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