Spring Health, a global mental health company, has announced the successful closing of its acquisition of Alma, a membership-based platform that helps independent mental health clinicians accept insurance and build private practices. The combined company now supports more than 170 million lives globally across employers and health plans.
The combination unites two platforms to address fragmentation and continuity challenges in care. When someone changes jobs, ages off a plan, or needs a higher level of care, the mental health system has historically revolved around them. By integrating Spring Health’s technology with Alma’s expansive provider network and payer relationships, the combined company aims to deliver care that follows individuals across their full lives, regardless of coverage changes.
Spring Health CEO April Koh and President Dr. Adam Chekroud will continue to lead the combined organization. Alma founder Dr. Harry Ritter will continue as CEO of Alma within Spring Health. Spring Health has independently validated clinical outcomes showing 92% of members achieve meaningful clinical improvement and employers see a 52% reduction in mental health claims costs.
KEY QUOTES:
“Spring Health has helped millions of people access high-quality care with strong clinical outcomes, and this combination allows us to build on that foundation. By uniting Spring Health and Alma, we are becoming the first platform built to deliver mental health care with continuity across employment, coverage, and life stage changes.”
April Koh, Co-Founder and CEO, Spring Health
“For Alma’s clinicians, this next chapter is about expanding access and simplifying the delivery of high-quality, in-network care from low acuity to high. Together with Spring Health, we can further support providers with the tools and infrastructure they need to focus on delivering care.”
Dr. Harry Ritter, Founder and CEO, Alma