Talkspace Completes $870.6M Acquisition by Universal Health Services
TALK has more than doubled off its 52-week low of $2.49.
Summary
Talkspace completed its acquisition by Universal Health Services for $5.25 per share in cash, totaling approximately $870.6 million. The company's stock will be delisted from Nasdaq.
Key Events · M&A and Partnerships · TALK
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Merger Completed
Talkspace merged with UHS Merger Subsidiary, Inc., becoming an indirect wholly owned subsidiary of Universal Health Services, Inc. on August 17, 2026.
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Cash Consideration
Each outstanding share of Talkspace common stock was converted into the right to receive $5.25 in cash, totaling approximately $870.6 million.
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Delisting Requested
Talkspace requested Nasdaq to suspend trading and file Form 25 to delist its common stock; trading was halted prior to market open on the closing date.
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Board Replaced
All nine Talkspace directors resigned, and Matthew Klein, Steve Filton, and Tom Day became the new directors.
Analysis · TALK · Industrial Applications And Services
The merger between Talkspace and Universal Health Services closed on August 17, 2026. Talkspace shareholders will receive $5.25 per share in cash, totaling approximately $870.6 million. Trading in Talkspace stock has been halted and the company has requested delisting from Nasdaq. This is the final step in a transaction that was announced in March 2026 and approved by stockholders in May 2026.
At the time of this filing, TALK was trading at $5.24 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $870.6M. The 52-week trading range was $2.49 to $5.25. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.