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.

Talkspace, Inc. has obtained all required approvals under applicable state healthcare laws for its previously announced merger with Universal Health Services, Inc., which was established via an Agreement and Plan of Merger dated March 9, 2026. With these regulatory conditions satisfied, the closing of the transaction is expected to occur on or around August 17, 2026, subject to remaining closing conditions. Talkspace operates in the digital mental health industry, providing online therapy and psychiatric services.