ACQUIRED · 2022
Who Acquired Refresh Mental Health?
UnitedHealth Group Inc. · $1.20B· 21.1× EBITDA
The acquisition
Refresh Mental Health was acquired by UnitedHealth Group Inc. in 2022 for $1.20B. The deal was priced at 21.1× EBITDA.
Refresh Mental Health at time of acquisition
EBITDA
$57.0M
Deal value
$1.20B
EV / EBITDA
21.1×
Other acquisitions by UnitedHealth Group Inc.
Recent transactions by the same buyer — useful for understanding their playbook and what they typically pay.
- EMIS Group · 2023 · $1.52B · 25.9× EBITDA
- EMIS Group plc · 2022 · $1.51B · 23.6× EBITDA
- Equian · 2019 · $3.20B · 17.0× EBITDA
- Diplomat Pharmacy Inc. · 2019 · $898.0M · 12.1× EBITDA
Similar mental health acquisitions
- Talkspace, Inc. · acquired by Universal Health Services, Inc. in 2026 · $835.0M
- Behavior Frontiers · acquired by NexPhase Capital in 2025 · $210.0M
- GBCC Behavioral Health/Oasis · acquired by Orchard Mental Health Group in 2025 · $17.5M
- Proud Moments ABA · acquired by Nautic Partners in 2025 · $425.0M
- Psychiatric Medical Care · acquired by Carlyle in 2025 · $400.0M
Run a valuation for a similar mental health business
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Open the mental health calculator →More on mental health valuations
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Sourced from Press reporting. Full deal page.
Citation: ExitValue.ai. (2022). Refresh Mental Health acquired by UnitedHealth Group Inc.. https://exitvalue.ai/acquired/refresh-mental-health