Castlight Health Acquires Jiff for $133,300,000

  • Feed Type
  • Date
    1/5/2017
  • Company Name
    Jiff
  • Mailing Address
    215 Castro St. 2nd Floor Mountain View, CA 94041 USA
  • Company Description
    Jiff is on a mission to help companies lower healthcare costs and cultivate happier, healthier employees. Jiff’s enterprise health benefits platform brings together the best of digital health technology and services in a data-driven hub that allows employers to manage all of them, to see what works, and to get employees to engage.
  • Website
    http://www.jiff.com
  • Transaction Type
    M&A
  • Transaction Amount
    $133,300,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Castlight will issue approximately 27 million shares and options at the closing of the transaction to former Jiff equity holders, representing approximately 20 percent of the combined company on a fully-diluted basis. The issuance of up to an additional 4 million shares is contingent on the achievement of specific growth objectives for the Jiff business in 2017.

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