Private equity firm is acquiring RedBrick Health

Private equity firm Marlin Equity Partners is buying RedBrick Health, which sells workplace wellness programs to employers, per a federal transaction filing. The companies did not comment.

Why it matters: RedBrick Health is an established presence in the corporate wellness industry, and investors see money-making opportunities as more companies use the programs to prod workers to be healthier. But independent literature suggests wellness programs aren't effective and could infringe on individual privacy.