Spring Health has announced its acquisition of Alma, a platform dedicated to supporting independent mental health clinicians, aiming to enhance accessible and effective mental health care delivery.

Information on the Target

Spring Health, a prominent global mental health platform, specializes in providing services to employers and health plans. Recently, the company announced its intention to acquire Alma, a membership-based platform that supports independent mental health clinicians in accepting insurance and establishing successful private practices. Though the financial terms of this transaction remain undisclosed, the collaboration aims to enhance accessibility to mental health care.

Founded by Harry Ritter in 2018, Alma has successfully raised a total of $220.5 million in equity funding from a range of investors, including Thoma Bravo, Insight Partners, Cigna Ventures, and others. The platform developed by Alma enables clinicians to provide care to over 120 million lives via agreements with both national and regional payers. Following the acquisition, Alma’s platform will be integrated into Spring Health’s product offerings, thereby improving mental health care delivery for insurers, providers, and digital health companies.

Industry Overview

The mental health industry in the U.S. has witnessed significant advancements in recent years, particularly as public awareness and acceptance of mental health issues have grown. This trend has led not only to an increase in demand for mental health servi