Spring Health Joins Forces with Alma, Expanding Access to Precision Mental Health Care

Spring Health, a leading global mental health platform for employers and health plans, announced it has entered into an agreement to acquire Alma, a membership-based platform that helps independent mental health clinicians accept insurance and build thriving private practices.

This acquisition unites two category leaders to address the most persistent challenges in mental health. Despite industry-wide improvements in access to care, too often people struggle to get the right care for their needs or experience disruptions as coverage, employment, or life circumstances change. Spring Health's best-in-class technology and proven specialty care capabilities, along with Alma's national health plan relationships and robust provider infrastructure, will deepen the value delivered for the entire mental health care ecosystem.

Today, Spring Health supports more than 50 million lives through employers 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%, underscoring its ability to meet growing demand and rising expectations for accessible, outcomes-driven mental health care.

Alma's platform enables clinicians to care for more than 120 million lives through contracts with national payers, as well as several regional plans. April Koh will continue as CEO of Spring Health. Harry Ritter will continue as CEO of Alma, leading the organization within Spring Health, with both businesses remaining focused on serving their respective customers while benefiting from shared innovation, resources, and technology.

"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." said April Koh, co-founder and CEO of Spring Health. "By bringing our companies together, we can deliver care that is accessible, effective, and connected at unprecedented scale."

Technology is reshaping the health care landscape, and mental health care is no exception. Spring Health has been at the forefront of innovation, leveraging advanced technology that accelerates clinical outcomes and reduces total cost of care. With Alma, Spring Health can extend the reach of its advanced AI-enabled capabilities. Guided by core principles that prioritize safety, privacy, and the value of provider relationships, Spring Health and Alma will focus on personalizing care for individuals, reducing administrative burden for clinicians, and creating value for employers and health plans.

"Alma has focused on empowering clinicians to deliver high-quality, in-network care over the long term," said 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."