Spring Health, a leading global mental health platform for employers and health plans, has entered into an agreement to acquire Alma, the membership-based platform that helps independent mental health clinicians accept insurance and build thriving private practices. Terms of the transaction were not disclosed. “Spring Health has helped millions of people access high-quality care through their employers and health plans with industry-leading clinical outcomes, but there is more work to do,” remarked April Koh, Cofounder and CEO of Spring Health. “By bringing our companies together, we can deliver care that is accessible, effective, and connected at unprecedented scale.”
Spring Health has helped millions of people access high-quality care through their employers and health plans with industry-leading clinical outcomes, but there is more work to do. By bringing our companies together, we can deliver care that is accessible, effective, and connected at unprecedented scale. – April Koh
Founded by Harry Ritter in 2018, Alma had raised a total of $220.5M in equity funding and is backed by Thoma Bravo, Insight Partners, Cigna Ventures, Tusk Venture Partners, First Round Capital, Primary Venture Partners, Sound Ventures, BoxGroup, and Rainfall Ventures. Alma developed a platform that enables clinicians to care for more than 120 million lives through contracts with national payers, as well as several regional plans. As part of the acquisition, Alma’s platform will be integrated into Spring Health’s product portfolio, providing insurers, providers, and digital health companies with continuous, personalized mental health care. Harry Ritter will continue as CEO of Alma, leading the organization within Spring Health.
“Alma has focused on empowering clinicians to deliver high-quality, in-network care over the long term,” remarked Harry Ritter, Founder and CEO of Alma. “Joining Spring Health accelerates our ability to support clinicians with industry-leading technology while improving quality, experience, and outcomes for members and health plan partners.”
Alma has focused on empowering clinicians to deliver high-quality, in-network care over the long term. Joining Spring Health accelerates our ability to support clinicians with industry-leading technology while improving quality, experience, and outcomes for members and health plan partners. – Harry Ritter
The acquisition comes during a period of significant growth for Spring Health, which supports more than 50 million through employer and health plan mental health benefits. The company has experienced sustained momentum over the past three years, with a compound annual growth rate exceeding 80%. The acquisition is expected to close in Q2 of 2026, subject to customary closing conditions.
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