Behavioral Health Business November 15, 2023
Chris Larson

New York City–based Talkspace (Nasdaq: TALK) will provide its home city’s teens with free talk therapy through a program called NYC Teenspace.

Announced Wednesday by New York City Mayor Eric Adams and Talkspace CEO Jon Cohen, the program will include intermittent check-ins and allow teens to establish relationships with therapists.

It’s not clear how many teens are expected to use the services. At this point, it also isn’t clear what impact providing such a service to the teen population of the largest city in the U.S. will have for Talkspace.

“NYC Teenspace” is for adolescents aged 13 to 17. The latest U.S. Census figures show that New York City is home to 940,000 adolescents ages 10 to 17, according...

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