By Padmanabhan Ananthan
March 9 (Reuters) – Hospital operator Universal Health Services said on Monday it would acquire virtual healthcare provider Talkspace in a deal valued at $835 million, amid rising demand for behavioral health services.
Universal Health Services will pay $5.25 per share for Talkspace, a 10.29% premium to the stock’s last close. Shares of Talkspace were up more than 7%, while Universal Health’s shares fell 5% in early trading.
Here are some details:
(Reporting by Padmanabhan Ananthan in Bengaluru; Editing by Sriraj Kalluvila)
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