Pegasus Health scoops up Melon Health's business

Pegasus Health scoops up Melon Health's business
(Image: Getty)
Riley Kennedy
A Canterbury-based general practice owner has bought a health and wellbeing mobile app that had well-known backers but was forecasting cashflow constraints.Founded in 2011 by Siobhan Bulfin, Melon Health operated a health and wellness app with a variety of programs in New Zealand and the United States markets.Its website says the app “combines behaviour science, data, and design to deliver evidence-based wellness interventions supported by humans and enabled by technology".Last week, the business and assets were sold to Pegasus Healt...

More Finance

Lending rules further eased
Finance

Lending rules further eased

The Government is continuing to pick away at consumer protections, criticised for making it unnecessarily difficult to borrow money.Cabinet has agreed to further change the Credit Contracts and Consumer Finance Act (CCCFA) so lenders don’t find themselves in too much hot water if...

Staff reporters 05 Sep 2024
FMA cancels firm's licence that didn't live up to its name 'Integrity'
Finance

FMA cancels firm's licence that didn't live up to its name 'Integrity'

The Financial Markets Authority is cancelling the licence of a financial advice provider for serious misconduct, including misleading customers and charging excessive cancellation fees.The licence was held by Christchurch-based Integrity Advisers Insurance Limited (Integrity), wh...

Staff reporters 04 Sep 2024
NZME’s Mackrell wins CFO of the year
Finance

NZME’s Mackrell wins CFO of the year

NZME’s David Mackrell won New Zealand Chief Financial Officer of the Year at the NZ CFO Awards ceremony in Auckland on Tuesday night.The executive of the NZ Exchange-listed (NZX) firm took home the top prize, while former auditor general Lyn Provost won the Outstanding Contributi...

Staff reporters 04 Sep 2024
New bank contender champions niche over scale
Finance

New bank contender champions niche over scale

Debut has applied for a bank licence, intending to become a fully digital bank.

Ben Moore 04 Sep 2024