Headspace and Ginger are working together to create Headspace Health-Tech Crunch.

Meditation app Headspace this morning announced plans to merge with On-Demand Mental Health Service, Ginger. With the exception of unexpected regulatory road blocks, the two companies will work together to create Headspace Health. The new organization will have a combined value of 3 3 billion and top 800+.

The integration comes at a rapid pace between the two sides, as the seemingly never-ending epidemic has put pressure on mental health around the world, and many have turned to virtual solutions to tackle the growing problem.

“We are witnessing a mental health crisis unlike anything in our lives, yet the majority of mental health today is not widely accessible,” said Morken, CEO of Headspace. Nor is it cheap. ” “Together, as Headspace Health, we will address the systemic challenges of access and affordability in fundamentally different ways by becoming the world’s most comprehensive, scalable, and efficient mental health and wellness company.”

Morken will become president of Headspace Health, while current CEO Russell Glass will serve as the company’s new CEO.

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“Headspace and Ginger share a common belief that the mental health crisis cannot be solved by simply hiring more physicians or transferring care online,” said Glass. “Through this integration, we can address the full spectrum of mental health needs – from prevention to clinical care – all from one integrated platform.”

Ginger announced the ڈی 50 million Series D and the 100 100 million Series E almost a year ago this March, bringing its total funding to شمال 220 million. Headspace has raised 21 216 million, up from 100 100.7 million last year. The new company will find it moving beyond the focus of its current mindset, “from mindfulness and meditation, to text-based behavioral health coaching, to video-based therapy and psychology لیے for all, proven, Provides a full spectrum of effective virtual support. Patient population types

Importantly, the joint venture will move directly beyond the consumer model, including corporate and Medicaid plan focus.

No further details of the agreement were disclosed. The deal is expected to close in Q4.

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