Grindr to acquire telehealth PrEP provider Freddie parent PurposeMed for $250 million
Bitget2026/09/30 20:45- Grindr to buy PurposeMed, parent of telehealth HIV-prevention provider Freddie, for USD 250 million in cash and stock.
- Consideration includes USD 190 million cash, USD 60 million in Grindr common stock, with up to USD 70 million additional cash tied to 2027 targets.
- Closing expected in Q4 2026; deal would integrate PrEP access, testing, and prescriptions into the Grindr app via Grindr Health.
- Freddie serves patients in all 50 U.S. states; it has supported more than 55,000 patients in Canada and the U.S.
- Freddie expects 2026 revenue above USD 80 million, with more than USD 10 million in adjusted EBITDA.
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