Talkspace completes $870.6M acquisition by Universal Health Services; shares converted to $5.25 cash

Talkspace, Inc.

Each Talkspace share converted to $5.25 cash; total consideration ~$870.6M, funded via UHS credit facilities.
Talkspace is now an indirect wholly owned subsidiary of UHS; Nasdaq delisting and Form 15 deregistration initiated.
All prior Talkspace directors resigned; new board members are Matthew Klein, Steve Filton, and Tom Day.
Talkspace network: ~6,000 licensed providers serving 200M+ people across all 50 states, D.C., and Puerto Rico.
Combined entity creates full behavioral health continuum from virtual care to inpatient treatment; Tee AI guide highlighted.

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