Oura agrees to acquire AI primary care startup Counsel Health for $625 million
Summary
Oura said it agreed to acquire Counsel Health for $625 million, after adding the company's AI chatbot to its app earlier this year, The Verge reported on Tuesday 10 November, writing that Oura announced its quarterly earnings the same day. The deal comes a few weeks after Oura postponed its up to $2.2 billion IPO indefinitely, citing 'uncertainty in the IPO market', according to TechCrunch, which describes Counsel Health as an AI-native primary care startup. Bloomberg wrote that Oura agreed to acquire the artificial intelligence and on-demand doctor service, expanding its business following a scrapped attempt to go public, and headlined that revenue jumps 153% in Q4.
Latest: Oura said it agreed to acquire Counsel Health for $625 million, after adding the company's AI chatbot to its app earlier this year, The Verge reported, TechCrunch writing that the deal comes a few weeks after Oura postponed its up to $2.2 billion IPO indefinitely, citing 'uncertainty in the IPO market', and Bloomberg that Oura is expanding its business following a scrapped attempt to go public.
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How it unfolded
Tuesday 10 November
Oura said it agreed to acquire Counsel Health for $625 million, after adding the company's AI chatbot to its app earlier this year, The Verge reported, TechCrunch writing that the deal comes a few weeks after Oura postponed its up to $2.2 billion IPO indefinitely, citing 'uncertainty in the IPO market', and Bloomberg that Oura is expanding its business following a scrapped attempt to go public.