Fast Company August 25, 2021
The teletherapy and meditation companies have signed a definitive agreement to join forces as Headspace Health to expand their list of services.
As many Americans clamor for mental healthcare amid a pandemic, two major companies in the field are joining forces. Teletherapy platform Ginger is planning to merge with meditation app Headspace to create Headspace Health in a deal that values the combined company at $3 billion. The two companies see an opportunity to provide a full range of mental-health services, from coaching, therapy, and psychiatric care to basic resilience-building techniques like meditation.
Ginger, a mental-health platform that offers coaching, therapy, and psychiatry, earlier this year reached a $1 billion valuation after a $100 million investment from Blackstone Group. Headspace,...