Spring Health has agreed to acquire Alma, combining efforts to enhance mental health care accessibility and outcomes.

Target Information

Spring Health, a leading global mental health platform catering to employers and health plans, has reached an agreement to acquire Alma. Alma is a membership-based platform that facilitates independent mental health clinicians in managing insurance matters and creating successful private practices. This acquisition aims to combine the strengths of both companies in order to tackle persistent challenges existing within the mental health landscape.

Spring Health currently serves over 50 million individuals through its mental health benefits, demonstrating its robust growth trajectory and commitment to enhancing accessibility to effective mental health care. The company has achieved a remarkable compound annual growth rate exceeding 80% over the past three years, which highlights its ability to meet the increasing demand for outcome-driven mental health services. On the other hand, Alma's platform allows clinicians to care for approximately 120 million individuals due to its contracts with both national and regional payers.

Industry Overview in the United States

The United States is facing an unprecedented mental health crisis, exacerbated by the COVID-19 pandemic, which has significantly heightened awareness around the importance of mental well-being. According to recent studies, a growing number of individuals are