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, a meditation app for employee workforces, raised $100 million in equity funding last year. As part of the merger, Ginger CEO Russell Glass will stay on as CEO of Headspace Health. CeCe Morken, Headspace’s current CEO, will become president of Headspace Health. Combined, the companies will have contracts with 2,700 enterprises…
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Source : fastcompany.com
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