M&A · Healthcare · Services-Health Services
Universal Health Services Inc to acquire Talkspace, Inc.
Announced Mar 9, 2026 · Closed Aug 17, 2026
Deal value$835MEV $835M
Premium10.0%To unaffected price
EV / Adj. EBITDA—3.9x EV / Revenue
ConsiderationAll cash$5.25 per share
Transaction
- Acquirer
- Universal Health Services Inc (UHS)
- Target
- Talkspace, Inc. (TALK)
- Buyer type
- Strategic
- Offer price per share
- $5.25
- Enterprise value
- $835M
- Status
- Closed Aug 17, 2026
Deal protections
- Break fee (target pays)
- $32.4M · 3.9%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Wells Fargo
- Wells Fargo fee
- $15.7M
Sector context · Healthcare
- Comparable deals
- 96 in the prior 24 months
- Premium
- 10.0% vs. 56.0% sector median
- EV / Adj. EBITDA
- Sector median 13.4x
- Break fee
- 3.9% vs. 3.4% sector median
Timeline
- AnnouncedMar 9, 2026
- Proxy filedApr 7, 2026
- Definitive proxyApr 20, 2026
- Shareholder voteMay 29, 2026
- ClosedJun 22, 2026
Valuation · fairness opinions
Premiums paid$4.38$7.07
Offer $5.25
Implied value per Talkspace, Inc. share by analysis, from Wells Fargo.