Talkspace to be acquired by UHS for $5.25/share; Q1 revenue up 18% but merger costs drive loss

Filed May 11, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 9, 2025 · ~2 min read

Key Changes

• high

  Universal Health Services to acquire Talkspace for $5.25/share cash in Q3 2026, subject to shareholder vote (May 29) and regulatory approvals. Company will delist from NASDAQ post-close.

  MD&A: Pending UHS merger verify on EDGAR →
• high

  Q1 revenue grew 18% to $61.7M driven by 31% increase in Payor sessions (459K vs 350K) and 13% more health plan customers (38 vs 31). Consumer revenue fell 26% as company shifted marketing focus to insurance channel.

  MD&A: Revenue growth verify on EDGAR →
• high

  Net loss of $6.3M vs $0.3M net income prior year, driven by $7.3M in merger transaction costs (advisory, legal, accounting fees). Adjusted EBITDA improved to $4.6M from $2.0M excluding these costs.

  MD&A: Merger transaction costs verify on EDGAR →