Spring Health announced on January 29, 2026, an agreement to acquire Alma, a platform helping independent mental health clinicians accept insurance and build practices.
The acquisition combines Spring Health's technology and specialty care with Alma's provider infrastructure and health plan relationships to improve access and reduce care costs.
Expected to close in Q2 2026, subject to customary conditions; both companies retain CEOs (April Koh for Spring Health, Harry Ritter for Alma), brands, and operations.
Combined capacity serves around 170 million lives, with Alma covering over 120 million through payer contracts.
Financial terms undisclosed; Spring Health raised $466.5M total, Alma over $220M; combined entity projected at $1B revenue and $6-7B valuation.
No immediate changes to operations, pricing, or clinician memberships planned.