M&A TRANSACTION · 2026
Talkspace, Inc. acquired by Universal Health Services, Inc.
$835.0M· 52.9x EBITDA· 3.65x revenue
Target
Talkspace, Inc.
New York, NY
Online and mobile therapy platform with network of 6,000 licensed professionals providing virtual behavioral health services
Acquirer
Universal Health Services, Inc.
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$229.0M
EBITDA
$15.8M
Deal Value
$835.0M
EV/EBITDA
52.9x
Context
This $835.0M acquisition of Talkspace, Inc. by Universal Health Services, Inc. sits in the mental health sub-vertical. The 52.9x EBITDA multiple paid in 2026 can be compared against the population median for mental health transactions of similar size on our Mental Health valuation hub. Universal Health Services, Inc. is acquiring as a strategic buyer; see how strategic acquirers typically price mental health businesses on our Mental Health strategic buyer-pool page.
Source
Data sourced from Universal Health Services Press Release — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
Value your own mental health
Get an instant valuation range for your business. Backed by 25,592 real M&A transactions.
Compare your business to the Talkspace, Inc. acquisition.