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Talkspace

Digital healthUSA
🤝 Acquired
Peak $1.4 BillionToday
~-40%
from peak
  1. 🦄
    Became a unicorn
    2021
  2. 📈
    Peak valuation
    $1.4 Billion ’21
  3. 💔
    Became a Unitard
    2022
  4. 💸
    Last valuation
    ~$840M
Current status
Pending UHS acquisition ~$835M ($5.25/sh); approved May 2026

How it happened

Talkspace is a digital mental-health platform offering online therapy. It went public via SPAC in June 2021 at roughly a $1.4B valuation. Subscriber and growth challenges drove its shares down, taking its market cap below $1B during 2022. By 2026 it agreed to be acquired by Universal Health Services for about $835M ($5.25/share), with shareholders approving the deal in May 2026.

Source: Talkspace 8-K; shareholder vote May 29 2026