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Fix the driver behind crashes, sound loss and screen glitchesFind Drivers →Repair Windows errors before they cause bigger problemsFix Now →Scan for outdated or missing drivers - takes under a minuteDriver Scan →WebMD completed its acquisition of employee-experience software company Limeade on August 9, 2023. The merger agreement set a cash price of A$0.425 per Limeade share, while Limeade’s closing filing reported approximately US$74 million payable to common-stock and CDI holders. That closing figure explains the “$75 million” rounded headline; the deal is complete, not pending.
How much did WebMD pay for Limeade?
The merger agreement provided A$0.425 in cash for each eligible Limeade common share, including Limeade shares represented by depositary interests traded on the Australian Securities Exchange. The agreement included exceptions for certain shares held by Limeade or its subsidiaries and for holders who properly exercised dissenters’ rights. Limeade’s June 8, 2023 SEC filing sets out those terms.
In its closing filing, Limeade reported approximately US$74 million payable to holders of common stock and CDIs. WebMD funded the payment from cash on hand, according to Limeade’s August 9, 2023 SEC filing. The A$0.425 figure is the per-share amount in Australian dollars; the approximately $74 million figure is the aggregate amount reported in U.S. dollars. They describe different measures, rather than conflicting prices.
When did WebMD acquire Limeade?
The companies entered into the merger agreement on June 8, 2023, and the transaction closed on August 9, 2023. WebMD Health Corp. used its wholly owned subsidiary, Lotus Merger Sub, to carry out the deal: Lotus merged into Limeade, and Limeade survived as a wholly owned WebMD subsidiary.
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As part of closing, Limeade also repaid the outstanding amounts under its Comerica loan agreement and terminated that agreement, according to its closing filing.
What did Limeade do?
Limeade sold software-as-a-service solutions to employers focused on employee well-being and employee listening. Its 2022 annual report described offerings including assessments, personalized action plans, content, challenges, and activities, delivered through web, app, and mobile channels. The report presents Limeade’s business at that time, not a current product catalogue.
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In its June 8, 2023 acquisition announcement, Limeade said millions of users across more than 100 countries used its solutions. That is a company-reported figure from the announcement date, not an independently verified current user count.
Why did WebMD buy Limeade?
WebMD Health Services described the acquisition as bringing Limeade’s employee-experience technology together with its own holistic well-being capabilities and services. WebMD Health Services General Manager John Harrison characterized the organizations as having “more than 40 years of combined experience” driving positive health behavior changes for employees and members. That was the company’s description of its combined experience, not an independently audited transaction measure.
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Limeade CEO Henry Albrecht said the companies expected to combine WebMD Health Services’ human expertise with Limeade’s technical innovation. Those statements explain the companies’ stated rationale and expectations; they do not establish what results the acquisition later achieved.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Is Limeade part of WebMD now?
Yes. The closing filing states that Limeade became a wholly owned subsidiary of WebMD after the August 9, 2023 merger. The transaction records establish the ownership outcome, but do not establish current Limeade product availability, whether products have been rebranded, how extensively the businesses were integrated, or post-acquisition operating results.
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