#United States #New York #mental health #Alma #Spring Health

Spring Health and Alma Join Forces

In a significant move to expand access to mental health care, Spring Health has announced its acquisition of Alma, a membership-driven platform that assists independent mental health clinicians in managing insurance and building successful practices. This partnership aims to tackle persistent issues in mental health support, ensuring that more individuals receive the appropriate care as needed.

As a leader in mental health solutions for employers and health plans, Spring Health serves over 50 million individuals, showing a remarkable growth rate of more than 80% annually over the past three years. The synergy with Alma’s established infrastructure will further enhance Spring Health's ability to meet the rising needs for effective and outcomes-focused mental health care.

Addressing the Challenges

Despite recent advancements in mental health accessibility, individuals often face difficulties in obtaining suitable care, especially as personal circumstances evolve. By amalgamating Spring Health's cutting-edge technology with Alma's strong payer relationships, the collaboration aims to deliver a comprehensive solution to these challenges, ultimately benefiting the entire mental health care ecosystem.

April Koh, CEO of Spring Health, remarked, "We've already aided millions in accessing high-quality care; however, there's still more work to be done. This merger will allow us to create a healthcare model that is not only accessible and effective but also deeply interconnected."

Technology-Driven Innovation

Mental health care is witnessing rapid technological advancements, and Spring Health stands at the forefront of this evolution. Partnering with Alma enables the expansion of its sophisticated AI capabilities, which are designed to streamline clinical outcomes and reduce overall expenses associated with care. The primary objectives are to tailor care for individual patients, lessen the administrative load on clinicians, and create substantial value for employers and health plans.

Harry Ritter, CEO of Alma, highlighted the importance of their collaboration, stating, "Our goal has always been to empower clinicians to provide high-quality, in-network care. By aligning with Spring Health, we can support these providers with industry-leading technology and improve the overall experience for both clinicians and clients."

A New Era in Mental Health Care

This merger signifies a pivotal growth phase for Spring Health, enhancing its capacity to reach a wider audience while fostering innovation in product offerings. As demand for mental health services continues to outstrip supply, this alignment positions both companies to meet the evolving needs of patients effectively.

The acquisition is expected to finalize in the second quarter of 2026, pending standard approvals. The strategic collaboration will not only unify two industry leaders but also enhance the breadth of services offered to a broader population, ensuring that mental health care becomes more efficient, accessible, and personalized.

Spring Health has gained trust from top-tier employers and health plans, including Highmark, The Coca-Cola Company, and Microsoft, among others. They are backed by prestigious investors such as Generation Investment Management and Tiger Global, illustrating a strong commitment to revolutionizing mental health care.

Alma, with its focus on simplifying access to affordable mental health services, will continue to play a crucial role in this unified approach, creating a more sustainable infrastructure for mental health care. Both organizations are committed to maintaining their core missions while embracing shared innovations that will benefit a wide array of stakeholders in the mental health landscape.

This partnership paves the way for a more connected and consumer-friendly mental health care environment, fostering better outcomes for clinicians, patients, and health plan partners alike.