Sword Health, a digital therapeutics company that started in the physical therapy space, has acquired digital mental health company Headspace in a deal valued between $200 and $300 million.

数字疗法公司Sword Health（最初涉足物理治疗领域）已收购数字心理健康公司Headspace，交易估值在2亿至3亿美元之间。

Healthcare Dealflow

医疗行业交易流

broke the news, citing a

援引……报道了这一消息，

Massachusetts regulatory filing from July

马萨诸塞州7月的监管备案文件

, and Axios was the first to report the financials, based on multiple anonymous sources.

Axios 基于多位匿名消息人士的说法，率先报道了该财务数据。

Neither company has publicly announced or confirmed the deal, which is reportedly closing September 14th.

两家公司均未公开宣布或确认该交易，据报道，该交易将于9月14日完成。

Sword Health will wholly acquire Headspace parent company Orange Dot and will apparently fold it into its current operations, at least in the short term. In the aforementioned regulatory filing, Headspace writes that 'current service offerings, which include behavioral health coaching, virtual therapy, virtual psychiatry, and on-demand wellness content, will continue without interruption following the closing of the Proposed Transaction.'.

Sword Health 将全资收购 Headspace 的母公司 Orange Dot，并显然会在短期内将其整合到现有运营中。在上述监管文件中，Headspace 写道：“当前的服务产品，包括行为健康辅导、虚拟治疗、虚拟精神科诊疗以及按需提供的健康内容，将在拟议交易完成后继续不间断地提供。”

The exit is not a lucrative one for Headspace investors; the company was valued at $3 billion at the time of

对Headspace的投资者来说，这次退出并不获利；该公司在当时估值为30亿美元

its merger with Ginger five years ago

五年前与Ginger的合并

. Even a $300 million price tag is less money then Headspace alone had raised from investors -- $320 million, according to Crunchbase.

即使3亿美元的标价也低于Headspace alone从投资者那里筹集的资金——根据Crunchbase的数据，为3.2亿美元。

The deal doesn't represent Sword Health's first foray into the mental health space. It has two AI-powered offerings, employer-based Mind,

这笔交易并不代表Sword Health首次涉足心理健康领域。该公司拥有两款由人工智能驱动的产品，包括面向雇主提供的Mind服务，

which was expanded into a full Employee Assistance Programme (EAP)

该计划随后扩展为全面的员工援助计划（EAP）

in March, and Dawn, the company's first direct-to-consumer offering,

3月，以及该公司首个直面消费者的产品“Dawn”，

which was rolled out in March

于三月推出

.

。

'The launch comes at a critical time, as 49% of AI users with mental health concerns currently turn to generic chatbots for support. However, unlike general-purpose AI, Dawn is powered by a proprietary foundational model built specifically for mental health. Trained on hundreds of thousands of hours of clinician data, Dawn combines evidence-based practices—like Cognitive Behavioural Therapy, Acceptance and Commitment Therapy, and Dialectical Behaviour Therapy—with real-time context to offer support that is proactive, actionable, and outcome-driven,' the company wrote at the time..

“此次发布正值关键时期，因为目前49%有心理健康问题的AI用户会转向通用聊天机器人寻求帮助。然而，与通用人工智能不同，Dawn由专为心理健康领域打造的专有基础模型驱动。Dawn在数十万小时的临床医生数据上进行训练，将循证实践（如认知行为疗法、接纳承诺疗法和辩证行为疗法）与实时情境相结合，提供主动、可操作且以结果为导向的支持。”该公司当时写道。

It's likely that Headspace's suite of products, including its own AI companion offering Ebb, will be rolled into these two frameworks.

Headspace 的产品套件（包括其自有 AI 伴侣服务 Ebb）很可能会被整合到这两个框架中。

This isn't the first competitor Sword Health has snapped up this year -- in January

这并非 Sword Health 今年收购的首家竞争对手——早在今年一月

it bought Kaia Health in a similarly-priced deal.

它以类似的价格收购了Kaia Health。