Grindr Expands Into Telehealth With $250 Million PurposeMed Acquisition
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Grindr will acquire PurposeMed, parent of HIV-prevention telehealth provider Freddie, for $190 million in cash and $60 million in stock, plus up to $70 million tied to 2027 performance. Its first major acquisition since 2009 is expected to close in the fourth quarter and will expand its Woodwork healthcare platform.
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