Talkspace Inc. revealed that it’s in recovery mode following poor financial performance in the third quarter and the announcement that its co-founders and CEO are no longer leading the company. On Monday, the company said in press releases and through its earnings conference call with management that Co-founders Oren and Roni Frank decided to leave […]
Hazelden Betty Ford CMO retiring Hazelden Betty Ford Foundation Chief Medical Officer Marvin Seppala will be retiring at the end of this year, the nonprofit substance use disorder (SUD) treatment provider has announced. A psychiatrist by training, Seppala originally joined Hazelden in 1995 as its first full-time physician. During his time at the organization, he […]
Months after Hudson Executive Investment Corporation (Nasdaq: HECCU) announced its plan to acquire the virtual behavioral health provider Talkspace, shareholders of the special purpose acquisition company (SPAC) otherwise known as HEIC have overwhelmingly voted to approve the deal. At a special shareholders meeting Thursday, 94% of votes were in approval of the merger. Affirmative votes […]
More than 400 companies across various industries held initial public offerings (IPOs) last year, the most since 2000, even amid the pandemic-led economic downturn. At the same time, many businesses chose to go public by merging with a special purpose acquisition company (SPAC), a maneuver that has gradually gained traction among startups, including the subscription-based […]
Driven largely by private equity buyers, the behavioral health deal landscape remains solidly stable one year after the pandemic temporarily halted activity in Q2 2020. The behavioral sector saw 29 transactions announced in the first quarter of 2021, according to a report released by the healthcare M&A firm Mertz Taggart. Private equity accounted for 22 […]
Transactions and international expansion could be in the future for Talkspace. The subscription-based therapy provider previewed multiple potential growth levers for the company recently during an investor presentation. Based in New York City, Talkspace remotely connects users to licensed therapists via text and video. The company provides services directly to consumers, as well as to […]
Talkspace is going public through a merger with the special purpose acquisition company (SPAC) Hudson Executive Investment Corporation (HEIC). The subscription-based therapy provider announced the $1.4 billion deal Wednesday. Headquartered in New York City, Talkspace aims to help more people access behavioral health care by remotely connecting users to licensed therapists through text and video […]
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