Spring Health to Acquire Alma, Building Integrated Lifelong Mental Health Platform

New updates have been reported about Spring Health.

Spring Health has agreed to acquire Alma, a deal that materially expands its provider network, payer reach, and technology footprint as it positions itself as a lifelong mental health platform. Spring Health currently serves more than 50 million covered lives through employers and health plans and has grown at a compound annual rate above 80% over the past three years; Alma adds access to clinicians serving over 120 million lives through contracts with national and regional insurers. The combination is designed to solve persistent bottlenecks in mental health delivery—matching patients to the right level of care, maintaining continuity as insurance or employment changes, and reducing clinician administrative burden—by pairing Spring Health’s AI-enabled, outcomes-focused care model with Alma’s in-network provider infrastructure and payer relationships. Financial terms were not disclosed, but the deal signals an aggressive growth and consolidation play in a market where demand for mental health services continues to outstrip supply.

Under the transaction, which is expected to close in Q2 2026 subject to customary conditions, April Koh will remain CEO of Spring Health, while Alma founder Harry Ritter will continue to lead Alma as a business unit within Spring Health, with each organization keeping its core customer focus but sharing technology, innovation, and resources. Management is emphasizing an integrated strategy that personalizes care, improves clinical outcomes, and lowers total cost of care for employers and health plans, while providing clinicians with tools for billing, scheduling, referrals, and insurance management. The combined platform aims to create a differentiated offering for large employers, payers, and channel partners by linking digital tools, coaching, therapy, medication management, and specialty care to a broad, in-network clinician base. If successfully executed, this acquisition could deepen Spring Health’s penetration across commercial insurance and employer-sponsored benefits, strengthen its negotiating position with payers and corporate clients, and accelerate product innovation in AI-driven, measurement-based mental health care.