Grindr acquires HIV prevention med provider Freddie
Grindr acquires telehealth provider Freddie, which sells the HIV prevention medicine PrEP.
Gay hookup app Grindr is set to acquire telehealth provider Freddie, which offers PrEP medication to prevent HIV, according to the Wall Street Journal. The $250 million deal, comprising cash and stock, marks Grindr's first substantial acquisition and signifies a shift beyond its dating services. Grindr CEO George Arison expressed to the Wall Street Journal that the objective is to provide PrEP at minimal or no cost through Grindr's platform.
Arison stated, "This is the logical next step, where we can deeply integrate the Grindr product experience with getting a medication that is lifesaving, and that a lot more people should be on than are on today." The acquisition will result in the merging of Freddie with Woodwork, the telehealth company Grindr established last year, into a unified Grindr Health service.
Arison further elaborated that Grindr Health will become a focal point of the business, alongside its existing subscriptions and advertising. Additionally, the Wall Street Journal reported that Grindr agreed to pay £26 million to resolve a lawsuit concerning allegations of sharing users' HIV statuses.
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