LifeMD Sells Majority Interest in WorkSimpli Software

MT Newswires Live

Nov 05, 2025

LifeMD (LFMD) said Tuesday it has sold its majority stake in WorkSimpli Software in a deal valuing the firm at an enterprise value of about $65 million to focus on expanding its virtual care and pharmacy offerings.

The buyer group was led by WorkSimpli founder and CEO Sean Fitzpatrick, with support from a private investment group, the company said.

LifeMD said it received about $22 million in cash at closing, representing 91.6% of the $24.0 million base purchase price attributable to the 80% interest sold. The deal closed on Nov. 4.

The sellers are eligible to receive up to an additional $28.0 million in cash upon WorkSimpli achieving defined growth and operational targets over the next three years, it said.

Shares of LifeMD were over 3% lower in recent trading.

Price: 5.55, Change: -0.19, Percent Change: -3.31

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The deal closed on Nov. 4.</p><p>The sellers are eligible to receive up to an additional $28.0 million in cash upon WorkSimpli achieving defined growth and operational targets over the next three years, it said.</p><p>Shares of LifeMD were over 3% lower in recent trading.</p><p>Price: 5.55, Change: -0.19, Percent Change: -3.31</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4167","symbol_name":"医疗保健技术","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2581454768","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581454768","pubTimestamp":1762283160,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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