The slow and steady start to Q2 2025 quickly gave way to a surge of high-impact moves in HR tech, wellness, and benefits.
These past 30 days saw a surge of strategic acquisitions, IPO announcements, and product launches, each signaling a sharpened focus on growth, innovation, and employee well-being.
From Intuit’s mid-market expansion to TELUS Health’s $500M wellness deal, below is our curated roundup of the most impactful developments from May (with a few late-breaking stories from April) shaping the future of work and benefits.
We open this monthly industry pulse with Intuit’s acquisition of GoCo, strengthening its human capital management offerings for small and mid-market businesses.
The deal, expected to close in Q4 FY25, should expand Intuit’s QuickBooks Payroll and Enterprise Suite with end-to-end HR solutions, including hiring, onboarding, benefits administration, and workforce management.
In a statement about the acquisition, Olivier Bartholot, VP and Segment Leader of Workforce Solutions at Intuit, said: “GoCo brings world-class HR and benefits capabilities to our existing product portfolio. Together, we will deliver a comprehensive HCM solution to help small and mid-market businesses manage their teams, optimize productivity, and grow faster.”
The company plans to integrate GoCo’s tools into its Premium and Elite Payroll services for U.S. customers, creating a single solution for managing finances and employees.
Read the full press release here: Intuit to Acquire HR Platform GoCo
April wrapped up with news of Teladoc Health securing UpLift in a $30 million cash deal, with the potential for an additional $15 million in earnout.
The acquisition marks a significant step towards affordable, high-quality care by expanding access to virtual mental health services through insurance-covered benefits.
UpLift, which serves over 100 million covered lives via its health plan partnerships, brings a network of more than 1,500 providers offering therapy, psychiatry, and medication management.
Commenting on the partnership, company founder and CEO Kyle Talcott said: “Teladoc Health is uniquely positioned to help us accelerate the impact of our mission. We are proud of our ability to help health plans expand access for their members to high-quality, affordable mental healthcare with leading patient outcomes.”
This deal will allow Teladoc’s BetterHelp users to access care through their insurance plans and create new opportunities for therapists to join in-network panels.
UpLift will continue to operate independently under CEO Kyle Talcott while integrating into BetterHelp’s reporting segment.
Read the full press release here: Teladoc Health Acquires UpLift, Expanding Consumer Access to Mental Health Care Services Through Covered Benefits
May was a milestone month for HUB International.
Through several strategic acquisitions and a new service launch, the company saw a major expansion in employee benefits, insurance, wealth management, and HR advisory.
On May 5, HUB expanded its employee benefits services by acquiring Allegiant Global Partners, a Boston-based consulting firm specializing in international health, welfare, and risk strategies for nonprofits and higher education institutions.
The following day, the company grew its regional presence by adding EB Specialists Inc. (dba Guru of Insurance), a Virginia-based firm that provides employee benefit planning and group benefits.
To reinforce its insurance offerings, HUB International acquired Demarie Insurance Agency, a full-service provider known for its expertise in both commercial and personal insurance solutions.
Just over a week later, on May 16, the provider added Fifth Avenue Insurance Agency to its portfolio. Fifth Avenue brings a specialized, tech-driven approach to medical professional liability coverage.
On May 8, 2025, HUB International announced the acquisition of Prestige Wealth Partners, a Florida-based firm known for its retirement plan consulting, wealth management, and financial planning expertise. They will join HUB South Florida, strengthening the firm’s ability to offer personalized financial strategies and reinforcing its retirement and private wealth division.
HUB International’s launch of its PEO Consulting practice rounds out a month of strategic growth and a series of service expansions.
This new U.S.-based practice will support clients in selecting the right PEO solutions, offering full-service partnerships. These hybrid options allow clients to “carve out” certain services and exit strategies to transition back to in-house programs.
In other news, Omada Health, a digital chronic condition management company, filed for an initial public offering on May 10, becoming the latest health tech firm to test the public markets after a few years of hesitation in the industry.
The move follows Hinge Health’s March IPO filing, signaling renewed momentum for digital health exits in 2025.
Founded over a decade ago, Omada Health offers programs for diabetes, hypertension, and obesity, supported by virtual care teams and connected health devices. With over 679,000 enrolled users as of March 2025, the company partners with employers, health plans, and health systems, positioning itself as a continuous care alternative to traditional clinic visits.
Its IPO marks renewed momentum in the digital health sector, cautiously returning to public markets after a multi-year pause.
Read more: Omada Health Files For IPO
As Omada Health steps into the public markets, digital health company Hinge Health is finalizing plans for its own IPO, offering new insight into its valuation and fundraising goals.
The digital health leader is pressing forward with its public debut, aiming to raise $437 million by pricing 13.7 million shares between $28 and $32 each.
This move values the company at approximately $2.42 billion (based on outstanding Class A and B shares).
On a fully diluted basis, that figure could be even higher.
Despite market volatility, Hinge Health continues to pursue its New York Stock Exchange debut under the ticker HNGE, backed by strong quarterly revenue growth and over $1 billion in venture funding.
Read more: Hinge Health Aims to Raise Up To $437 Million In IPO, Pricing At $28 To $32 Per Share
Marking another milestone in what seems to be an eventful month for corporate health and wellness, TELUS Health has acquired Workplace Options in a 500 million CAD deal (350 million USD), significantly expanding its global footprint in employee well-being services.
Workplace Options, a leading employee and family assistance program provider, serves clients across more than 200 countries and territories and brings a network of over 180,000 providers to TELUS Health’s platform.
This will support the company’s goal of becoming a global leader in wellness, combining its digital-first services and AI expertise with Workplace Options’ strong EFAP infrastructure.
As part of the transaction, GTCR, a private equity firm, will invest $200 million to support TELUS Health’s global growth and innovation.
“This is more than an acquisition; it’s an extension of our vision to build one of the most comprehensive suites of health and well-being solutions globally,” said the company’s executive vice president, Navin Arora.
“With our differentiated and complementary products and services and a strong base of local and multinational clients worldwide, we’re excited about unlocking significant growth opportunities, new revenue streams, and powerful economies of scale.”
Read the full press release here: TELUS Health Acquires Workplace Options, Top Provider of Well-being Services to Fortune 500 Companies
CuraLinc Healthcare has announced a strategic partnership with Joshin, a support platform created by and for the disability and neurodivergent community.
This collaboration expands the company’s employee mental health services with personalized coaching, digital tools, and support resources tailored to individuals with disabilities, neurodivergent conditions, and caregivers.
It also brings leadership and manager training focused on allyship and inclusive hiring, helping employers build more equitable workplaces.
“At CuraLinc, we believe that mental health care should reflect the diverse experiences and identities of today’s workforce,” said CuraLinc’s CPO Matt McCreary.
“Partnering with Joshin enables us to expand our holistic approach to care by connecting employees and their loved ones to affirming, accessible support that improves well-being and fosters inclusivity.”
Joshin Co-founder and CEO Melissa Danielsen added that the partnership will reshape mental health care by bridging the gaps in neuro-affirming support and accessibility.
Read the full press release here: CuraLinc Healthcare Partners with Joshin to Expand Disability and Neurodivergent Support
To wrap up the month, we turn to the news of Papaya Global launching Contingent OS, the first enterprise-grade platform designed to simplify how companies manage and pay their global contingent workforce.
The launch, announced at the CWS Summit in London, addresses the growing need for scalable infrastructure as contingent workforces (freelancers, consultants, contractors, and gig workers) become central to business operations.
“Contingent work is no longer peripheral – it’s foundational. But the systems managing it weren’t built for scale, speed, or compliance,” said Eynat Guez, CEO and co-founder of Papaya Global.
“We’re not just fixing workflows. We’re building the financial infrastructure for the new world of work.”
Built to unify the full external workforce lifecycle, the platform integrates with VMS, T&A, and ERP systems, automates worker classification using AI-backed legal expertise, supports same-day global payments in 130+ currencies, and offers built-in financial tools including mass payouts, pre-invoice funding, and digital wallets.
Content Writer at Shortlister
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