Oura to acquire AI‑native primary‑care startup Counsel Health for $625 million
Oura announced it will buy Counsel Health for $625 million in cash, expanding its platform with AI‑driven medical chat and physician access. The deal is slated to close by the end of 2027. Oura also disclosed Q3 revenue of $533 million and FY 2026 revenue of about $1.75 billion, both reflecting strong year‑over‑year growth, and noted that it postponed its planned IPO earlier in the year due to market uncertainty.
Why it matters
The acquisition adds a clinical‑care capability to Oura’s wearable data, potentially opening new revenue streams and insurer reimbursement opportunities. The cash purchase will be funded largely from Oura’s balance sheet, which had $372 million in cash and equivalents at the end of June.
Key facts
- 1Oura agreed to acquire Counsel Health for $625 million in cash. finance.yahoo.com
- 2The transaction is expected to close before the end of 2027. finance.yahoo.com
- 3Oura reported Q3 revenue of $533 million for the quarter ended September 30. finance.yahoo.com
- 4Oura’s fiscal‑year 2026 revenue was approximately $1.75 billion, a 92% year‑over‑year increase. finance.yahoo.com
- 5Oura’s Q3 revenue grew 153% year‑over‑year. finance.yahoo.com
- 6Oura postponed its up‑to‑$2.2 billion IPO indefinitely in September, citing market uncertainty. finance.yahoo.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.