Mergers & Acquisitions ·
Talkspace, Inc. completed its merger with Universal Health Services, Inc. (UHS) on August 17, 2026, becoming an…
TALKWTalkspace, Inc.
Talkspace, Inc. completed its merger with Universal Health Services, Inc. (UHS) on August 17, 2026, becoming an indirect wholly owned subsidiary of UHS. Each outstanding share of Talkspace common stock was converted into the right to receive $5.25 in cash. The total cash consideration payable to equityholders was approximately $870.6 million, funded by borrowings under UHS's credit facilities. All existing directors resigned and were replaced by UHS appointees. Talkspace's common stock trading on Nasdaq was halted, and the company will file Form 25 to delist and deregister its shares. Talkspace operates in the virtual behavioral healthcare industry, providing therapy, psychiatry, and mental health support services.