Wellthy has acquired Patch Caregiving, a provider of on-site and near-site backup childcare services. Financial terms of the acquisition were not disclosed.
Patch was founded in 2022 and provides on-site backup childcare for parents in healthcare, manufacturing, logistics, retail, and corporate settings. The company reports that 78% of its programs support parents working early mornings, late nights, overnights, and weekends, and that parents using Patch experience 80% lower turnover rates.
The acquisition combines Patch’s on-site childcare model with Wellthy’s concierge care services and backup care network. Wellthy offers support across childcare, elder care, and family health needs through a combination of in-home caregivers, childcare centers, and camps.
Wellthy was founded in 2014 and provides family care benefits to employers. The combined platform will offer employers on-site and near-site backup childcare alongside Wellthy’s existing backup care coverage and concierge support services.
