Spring Health has agreed to acquire Alma in a deal that combines two venture-backed mental health platforms built around different choke points in the care journey: Spring Health on employer and health plan access, and Alma on helping independent clinicians accept insurance and run in-network private practices. The companies are pitching the combination as a way to reduce the common “handoff” failures in mental healthcare—people struggling to find the right level of care, then getting disrupted when coverage or life circumstances change—by linking Spring Health’s care navigation and specialty services with Alma’s payer relationships and provider infrastructure.
For Spring Health’s founders, it’s a scale play with a clear product thesis. Spring Health says it supports more than 50 million lives through benefits and has grown at more than 80% CAGR over the past three years, while Alma says its clinician network serves more than 120 million lives through payer contracts. Leadership stays split: April Koh remains CEO of Spring Health, and Alma founder Harry Ritter continues to run Alma within Spring Health, with both businesses keeping their customer focus while sharing tech and resources. The acquisition is expected to close in Q2 2026, and the companies say the next phase centers on personalization (including AI-enabled capabilities), lowering admin burden for clinicians, and building a longer-lived platform that can follow members as they move between plans and employers.
