Talkspace Strikes $1.4 Billion Merger With Hudson Executive
- Hudson managing partner is former JPMorgan CFO Doug Braunstein
- Firm raising $300 million to support the transaction
A Talkspace therapist texts with a patient from a plastic bubble in New York.
Photographer: TIMOTHY A. CLARY/AFP via Getty ImagesThis article is for subscribers only.
Online therapy provider Talkspace has agreed to merge with Hudson Executive Investment Corp., the blank-check firm run by former JPMorgan Chase & Co. executive Doug Braunstein.
The deal is worth $1.4 billion and will provide Talkspace with $250 million for investing in growth, according to a statement Wednesday, confirming a report in Bloomberg News. Hudson is raising $300 million to support the deal from investors including Federated Hermes Kaufmann Funds, Jennison Associates and Woodline Partners LP.