The latest in funding & deals: 6 developments from the past day, tracked and curated by the HealthTech Cube news desk. The lead story: 👨🏿‍🚀TechCabal Daily – Meta’s ad-verse ruling.
M&A: Grindr Acquires PurposeMed for $250M to Build Full-Stack “Grindr Health” Telehealth Rail
What You Should Know Social networking platform Grindr Inc. announced an agreement to acquire PurposeMed Inc., the parent company of virtual HIV-prevention platform Freddie, for an upfront base purchase price of $250M ($190M in cash and $60M in Grindr common stock), with up to $70M in additional performance-based cash earnouts tied to fiscal year 2027 ... Read More
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