Oura Buys AI Firm Counsel Health in $625 Million Deal
Smart ring maker and health intelligence platform Oura is set to acquire artificial intelligence (AI) health company Counsel Health. The $625 million deal, announced in a news release Tuesday (Nov. 10), follows the recent postponement of Oura’s initial public offering (IPO). “Founded and built by physicians and AI researchers, Counsel combines medical AI with in-house […] The post Oura Buys AI…
Smart ring maker Oura announced on Tuesday that it will acquire the clinical artificial intelligence startup Counsel Health for $625 million. This transaction follows Oura's recent decision to postpone its initial public offering due to market uncertainty.
Counsel Health, which had previously disclosed $36 million in funding, developed a chatbot that allows users to discuss health concerns before being transferred to a clinician for telehealth diagnosis and treatment. According to PYMNTS, the company was founded by physicians and AI researchers.
Brief written by urgent.news from PYMNTS, STAT News — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.