TNW | Merge-and-acquisition
Grindr to buy HIV prevention telehealth firm Freddie for $250mn
The dating app’s first big deal adds a PrEP service with over 55,000 patients in the US and Canada.
Via TNW | Merge-and-acquisition
·Excerpt
Credit: Grindr
Grindr has agreed to buy PurposeMed, the company behind HIV prevention service Freddie, for $250mn in cash and stock, it said in a statement on Wednesday.
Grindr will pay $190mn in cash and $60mn in shares. Up to $70mn more in cash depends on Freddie hitting targets in 2027. The deal is expected to close by the end of this year.
It is Grindr’s first major acquisition since the app launched in 2009.
PrEP inside the app
Freddie…
Courtesy
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