MobiHealth News November 29, 2022
According to the Israeli news site Calcalist, Amwell is in talks to purchase Talkspace for around $1.50 per share.
Amwell is in talks to acquire struggling teletherapy company Talkspace for about $200 million, according to Israeli business publication Calcalist.
Talkspace’s stock price surged in the wake of the deal rumors. It went public in 2021 after a merger with a special purpose acquisition company, opening at $8.90 per share. The deal valued Talkspace at $1.4 billion.
But the digital mental health company’s fortunes have slowed since its debut on the public markets. Earlier this month, Talkspace received a letter warning that it could be delisted from Nasdaq, since its stock had closed below the minimum $1.00 per share for 30...
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