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· Posted on
February 21, 2024

Calm has bought Ripple Health Group so get ready to level up your relaxation

Calm is the meditation and sleep app that's famous for those sleep stories by celebs like Idris Elba and Harry Styles.

What's the key learning?

  • Calm has acquired health-tech company Ripple Health Group
  • Ripple's team will join Calm and focus on building Calm Health. And Ripple's CEO will join as Calm's co-CEO
  • Because modern businesses move at such a fast pace, the demands on a single CEO have become a bit too big for just one CEO.

Background: Calm is the meditation and sleep app founded back in 2012. It's famous for those sleep stories by all your fave celebs like Idris Elba and Harry Styles.

What happened: They've just acquired Ripple Health Group - a health-tech company that works to connect people with their healthcare options. 

What else: Ripple's team will join Calm and focus on building Calm Health. And Ripple's CEO will join as Calm's co-CEO.

So what's the key learning?

💡In traditional companies, we usually see one person in each executive position (i.e. one Chief Financial Office...one Chief Operating Officer...and one Chief Executive Officer). 

💡More and more, we're seeing companies that have two co-CEOs that work together. Atlassian did it with Mike Cannon-Brookes and Scott Farquhar...so did Netflix and Salesforce.

💡Because modern businesses move at such a fast pace, the demands on a single CEO have become a bit too big for just one CEO. And, with two CEOs, you often get two different skill-sets.

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