Filing Reveals Sword Health’s Plan to Acquire Headspace - Behavioral Health Business
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StockSnap via pixabay.com Digital health giant Sword Health will continue its expansion into the behavioral health sector with the acquisition of Headspace, effective Sept. 14, according to public documents. New York-based Sword Health got its start in musculoskeletal care but has since expanded into other parts of healthcare, including women's health, cardiometabolic care and mental health. While details of the deal itself are presently sparse, it represents one of the most significant digital health deals in the behavioral health space. San Francisco-based Headspace offers mental health services of several types - including therapy, coaching, wellness apps and EAP services. Requests for comment sent to both companies have not yet been returned. This story may be updated. Both companies have a heavy focus on business-to-business (B2B) contracting. Sword Health says on its website that it focuses on working with employers, health plans, labor unions, and health systems. Its services are offered via an AI-powered platform. Headspace offers a direct-to-consumer option, but it too focuses on employers and health plans. Headspace employs about 598 people, including 418 full-time staffers. The documents state that clinical services will not be reduced because of the merger. However, "the combined company anticipates that there may be reductions in corporate staff where functions...
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