Universal Health Services acquires Talkspace

● STRATEGIC | HEALTHCARE · Behavioral Health & Wellness

SEPTEMBER 9, 2026

Universal Health Services acquires Talkspace

TARGET

Virtual therapy and psychiatry platform offering text, audio, and video sessions with ~6,000 licensed professionals to individuals, teens, couples, and enterprise clients via health plans, employers, and government benefit programs.

Deal value	$835M enterprise value
Revenue	$229 million (2025)
Ownership	VC-backed · Revolution Growth, Norwest Venture Partners, SoftBank Capital, Spark Capital, Qumra Capital
Capital raised	$109 million
Headcount	635 FTEs
Headquarters	New York, New York
Sell-side advisor	Wells Fargo

ACQUIRER

Universal Health Services

One of the nation's largest hospital and healthcare services operators, running acute care, inpatient behavioral health, and outpatient facilities across 40 U.S. states, D.C., Puerto Rico, and the United Kingdom.

Ownership	Publicly traded (NYSE: UHS)
Headcount	~101,500 FTEs
Headquarters	King of Prussia, Pennsylvania
Leadership	Marc D. Miller, President and Chief Executive Officer
Buy-side advisor	J.P. Morgan

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Universal Health Services -> Talkspace  (2026-09-18)
strategic_acquisition | Healthcare | $835 million enterprise value | closed
Target: Virtual therapy and psychiatry platform offering text, audio, and video sessions with ~6,000 licensed professionals to individuals, teens, couples, and enterprise clients via health plans, employers, and government benefit programs.
Website: talkspace.com | Buyer site: uhs.com
HQ: New York, New York | Ownership: vc-backed | Buyer ownership: public (NYSE: UHS)
Advisors - Sell-side: Wells Fargo; Buy-side: J.P. Morgan
Source: Thematic - https://thematichq.com/software/d/universal-health-services-talkspace.html

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