Hyve Group Snaps Up Second Portfolio of Events from Entrepreneur and Investor Jonathan Weiner with HLTH AcquisitionHyve Group Snaps Up Second Portfolio of Events from Entrepreneur and Investor Jonathan Weiner with HLTH Acquisition
October 29, 2024
Making its first significant leap into the $12 trillion healthcare sector, Hyve Group, an independent media company owned by PE firms Providence and Searchlight, acquired HLTH Inc., a privately held company that produces health innovation events.
Founded in 2018 by serial entrepreneur and investor Jonathan Weiner, HLTH Inc. has grown to become the producer of three events, including HLTH USA, HLTH Europe, and ViVE, as well as HLTH Digital. Weiner also co-founded events like Money20/20, which was acquired by Informa earlier this year as part of the $1.5 billion Ascential deal, and Shoptalk, which was acquired by Hyve Group in December 2019. HLTH Founder and CEO Weiner will continue to lead HLTH through its next chapter of growth, and Hyve will add more than 80 employees across offices in New York, London, and Dublin.
HLTH Founder & CEO Jonathan Weiner
Context: In 2023, Hyve was taken private and de-listed from the London Stock Exchange after 25 years. Owner and producer of Shoptalk, Bett, Groceryshop, and Fintech Meetup, Hyve made its second strategic acquisition of the year with HLTH under its PE ownership. In July, TSNN reported Hyve Group added to its U.S. portfolio with the acquisition of POSSIBLE, a two-year-old brand marketing event.
Related: Providence Equity Partners Acquires U.K. Event Organizer Hyve Group for $579 Million
Big picture: This strategic move brings Hyve’s portfolio into a high-growth industry and HLTH’s flagship event, HLTH USA, becomes Hyve’s largest event by revenue, with ViVE, an event for digital health executives, close behind as its No. 4 revenue driver, according to Hyve officials.
Why It Matters:
- Strengthening of Hyve’s U.S. and global footprint with renowned events and a vibrant healthcare community.
- Mission alignment: Both companies are dedicated to transforming industries with events that drive impactful connections and innovation.
- Growing reach: Engages a blue-chip roster of partners like Amazon, Google Health, Microsoft, and Mayo Clinic.
- Global potential: Opportunity to replicate HLTH’s success across markets worldwide.
At the 2024 HLTH USA, the high-profile speaker lineup included First Lady of the United States Dr. Jill Biden.
Deeper dive: HLTH USA, which took place Oct. 20-23 in Las Vegas, brought together more than 12,000 attendees, 36% of which were C-suite, and which included 2,300 CEOs. The high-profile speaker lineup included First Lady of the United States Dr. Jill Biden, Actress Halle Berry, U.S. Food and Drug Administration Commissioner Robert Califf, and Google Research Head of Health AI Greg Corrado. The next HLTH USA event will return Oct. 19-22, 2025, to Las Vegas.
The main stage at HLTH USA, which took place Oct. 20-23 in Las Vegas and brought together more than 12,000 attendees.
What they are saying: Hyve CEO Mark Shashoua said: “HLTH’s commitment to reshaping healthcare aligns perfectly with our purpose of delivering game-changing impact across industries.” Weiner said: “Hyve is an ideal partner to elevate HLTH’s vision of a healthier, more connected world. Together, we’re poised to drive positive change and foster even greater innovation in healthcare.”
Hyve Group CEO Mark Shashoua makes the second acquisition of the year with HLTH, following POSSIBLE purchase in July.
Looking ahead: HLTH Europe will be held June 16-19 at the RAI Convention Center in Amsterdam. ViVE will take place Feb. 16-19 at Music City Center in Nashville.
Musician Lenny Kravitz was seen on the stage at this year's HLTH USA. The next HLTH USA event will return Oct. 19-22, 2025, to Las Vegas.
Main image: Actress Halle Berry and Musician John Legend at the 2024 HLTH USA show in Las Vegas.
Photos: Courtesy of HLTH and Hyve
