Headspace Health has acquired Sayana, a startup that uses artificial intelligence to help users track and understand how events influence their mood, according to a news release Wednesday.
The announcement comes six months after the blockbuster $3 billion merger between Headspace and Ginger. Since their inception, both companies have used AI and natural language processing to provide digital mental health and wellness services to their members. But the addition of Sayana should allow Headspace Health to offer more personalized user experiences and focus on specific issues like sleep.
"Sayana's technology, and most importantly, Sayana's team, will help us meaningfully advance our product and content strategy as we continue to build the world's most comprehensive mental health and wellbeing platform," Headspace Health CEO Russell Glass said in a news release.
The terms of the deal were not disclosed.
Sayana claims it bases the content and self-care exercises it provides to consumers on established clinical models, including cognitive behavioral therapy, acceptance commitment therapy and dialectical behavioral therapy. But like other wellness apps, its approach hasn't been clinically validated.
Mergers and acquisitions among digital health companies reached a record 263 transactions in 2021, according to data from Digital Health Business & Technology. There were just 184 mergers and acquisitions among such companies in 2020.
