Universal Health Services has completed its acquisition of virtual behavioral healthcare provider Talkspace in an all-cash transaction valued at approximately $835 million, or $5.25 per share, funded with borrowings under UHS' existing revolving credit facility. Talkspace brings roughly 6,000 licensed therapists and psychiatrists to UHS, along with access to more than 200 million individuals through health plans, employers and other channels. The deal adds a digital layer to UHS' facility-based behavioral health operations, with Talkspace's online therapy and psychiatry offerings complementing in-person care and enabling patient referrals between the two companies. UHS expects the transaction to be slightly accretive to adjusted EPS within the first 12 months, excluding one-time acquisition costs, with greater accretion thereafter, and sees the effective EBITDA multiple reaching the single-digit range by the third year. In the second quarter of 2026, UHS' behavioral health same-facility revenues rose 7.4% year over year, while revenue per adjusted admission increased 7.1%.
Talkspace IncAcquired by UHS at $5.25 per share, providing a premium to shareholders.
Universal Health Services IncCompletes $835M acquisition of Talkspace, expected to be accretive to EPS.
Tenet Healthcare Corporation
