Headspace to merge with Ginger.

Headspace, a provider of mindfulness and meditation services, agreed to merge with Ginger, a provider of on-demand mental healthcare services. This transaction is subject to regulatory approval and customary closing conditions and is expected to close in the last quarter of 2021. Financial terms were not disclosed. “We are witnessing a mental health crisis unlike anything we’ve experienced in our lifetimes, yet the majority of mental healthcare today is neither broadly accessible nor affordable. Together, as Headspace Health, we will address the systemic challenges of access and affordability in a fundamentally different way by creating the world’s most holistic, scalable, and effective mental health and wellbeing company," CeCe Morken, Headspace CEO.