Sword Health to acquire Headspace in all-cash deal
The virtual physical therapy and mental health platforms are targeting a September close, per a regulatory filing. A price tag was not disclosed, but is being reported to land between $200 million and $300 million.
Sword Health has announced its plans to acquire digital mental health company Headspace in an all-cash transaction valued between $200 million and $300 million, with a proposed closing date of September 14. The acquisition aims to expand Sword Health's virtual physical therapy platform into the mental health space, combining their respective clinical and technological expertise.
Headspace currently partners with over 20,000 companies, including major health plans like Cigna Healthcare and Kaiser Permanente, as well as organizations like the NBA. Sword Health, on the other hand, serves more than 2,500 organizations, including the U.S. military and Fortune 500 companies. The integration of both companies' platforms is expected to provide personalized care, earlier identification of member needs, and continuous support throughout the mental health journey.
The deal, subject to customary closing conditions, will enable Headspace to offer a more comprehensive care network of over 15,000 providers. Both companies anticipate integration benefits, including reduced corporate staff for duplicate functions, with no impact on patient care, customer relationships, or clinical services.
Written by urgent.news from Fierce Healthcare's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Sword Health to acquire Headspace healthcaredive.com
