Wellthy, the leading platform helping families navigate care across all stages of life, announced it has acquired Patch Caregiving, an innovative childcare company specializing in on-site and near-site backup care solutions for employers. The acquisition builds on Wellthy’s momentum in expanding child care and backup care offerings, and accelerates the company’s mission to support employees and families with comprehensive, flexible care benefits.
“Patch has cracked one of the toughest challenges for today’s employers: reliable childcare for employees who can’t work remotely. Their model works across industries – from hospitals and warehouses to retail, offices, and beyond,” said Lindsay Jurist-Rosner, CEO of Wellthy. “We’re excited to bring their ingenuity and impact into Wellthy and expand these solutions to millions more families.”
Founded in 2022, Patch Caregiving partners with employers to design and operate on-site or near-site backup childcare programs, with a special focus on industries employing large shift-based or in-person workforces. Patch’s flexible model ensures families have reliable, high-quality childcare when and where they need it most – helping employers reduce absenteeism, boost retention, and better support employees’ well-being.
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By joining Wellthy, Patch’s model becomes part of Wellthy’s groundbreaking and rapidly growing backup care offering. Wellthy now offers employers a truly comprehensive solution: a next-generation backup care model built for today’s workforce, and creative on-site and near-site backup childcare options tailored to industries and roles that operate in person.
“Patch was built on the belief that every family deserves access to childcare that works for their unique circumstances,” said Olivia Rosenthal, Co-Founder of Patch Caregiving. “In joining Wellthy, we can scale our impact faster, backed by a company whose culture and track record of innovation are unmatched in this space.”
“In just three years, Patch has built a model that’s made a massive difference for working families,” added Sarah Alexander, Co-Founder of Patch Caregiving. “And we know our story is just beginning. With Wellthy, we have the opportunity to continue to reimagine what childcare can look like on an even bigger stage.”
Patch Caregiving’s model has delivered remarkable results for employers, including an 80% lower turnover rate among parents using Patch. That impact spans workforces across every shift, with 78% of Patch programs supporting parents working early mornings, late nights, and weekends. Now, Patch’s proven success joins with Wellthy’s track record of measurable outcomes: across hundreds of companies, more than 90% of employees who use Wellthy report improvements in their health and well-being, and a Harvard Business School study found an average 366% ROI for employers.
SOURCE: GlobeNewswire