Digital Mental Health Company Headspace Health announced Tuesday that it will begin offering its services to companies headquartered outside the US
Headspace said it would begin its international expansion in the UK and seek new markets throughout this year.
The company offers mental health and mindfulness products, including self-guided content, text-based coaching, therapy delivered in person or virtually, and employee support services.
“People know and love Headspace, so it creates an accessible, attractive front door for individuals who can then access higher levels of care when they need it. Extending this full potential to the UK today is mental health A major milestone in our journey toward transforming care and improving the health and happiness of the world,” CEO Russell Glass said in a statement.
Headspace Health was formed in 2021 through the merger of meditation app Headspace and mental health company Ginger. Since the deal, the combined company has launched two other mental health-focused startups to boost its capabilities.
Early last year, the company said it was Acquired AI-enabled mental health-tracking and sleep app maker Sayana. In September, Headspace announced that it had acquired Shine App, a mental health platform focused on culturally competent and inclusive offerings.
“Most of the acquisitions that we’ve made, both as a combined entity and some that we’ve made separately, fit the lens of any content that aligns with our core mission and our reach. from a self-mental health perspective, serve the capabilities that new levels of technology bring – especially around AI, interaction and community – and then talent,” said Leslie Witt, head of product and design at Headspace Officer, told MobiHealthNews shortly after the latest deal was announced.
Mental health continues to be a popular clinical area for digital health startups, Last year brought in $2.1 billion in funding. However, overall funding slowed significantly in 2022, according to an investment report from Rock Health. Experts say further consolidation could be coming in the space.
Recently many digital health companies have also laid off. Late last year, Headspace confirmed that it had laid off 4% of its workforce, roughly 50 employees. Competitor Quiet cut 20% of its workforce over the summer.