Oura to acquire AI-native primary care startup Counsel Health for $625M
The deal comes a few weeks after Oura postponed its up to $2.2 billion IPO indefinitely, citing “uncertainty in the IPO market.”
via TechCrunchReported by 2 outlets
Oura agrees to purchase clinical startup Counsel Health for $625 million
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Smart ring maker Oura announced it has agreed to acquire Counsel Health, an AI-powered primary care startup, for $625 million. Counsel Health had raised a total of $36 million according to PitchBook estimates, including a $25 million Series A led by Andreessen Horowitz and GV. Following the transaction, Counsel Health chief executive Muthu Alagappan will become Oura's chief clinical AI officer, joined by the startup's 70 employees. [1][2]
Counsel Health's chat service, which was added to the Oura app in June, uses health data collected from wearables to provide AI-generated insights and direct access to licensed physicians. Oura said members will be able to handle lab results, prescriptions, referrals, and chronic condition management within the software. [1][2]
The purchase comes as Oura faces rising competition from rivals like RingConn and Ultrahuman, and arrives weeks after Oura indefinitely postponed an IPO of up to $2.2 billion. Alongside the deal, Oura disclosed that its quarterly revenue grew 153% year-over-year to $533 million for the quarter ending September 30, reaching approximately $1.75 billion for fiscal year 2026. [2]
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Oura is acquiring medical AI chatbot startup Counsel Health
Oura announced its quarterly earnings today and said it agreed to acquire Counsel Health for $625 million, after adding the company's AI chatbot to its app earlier this year. Counsel Health calls itself an "AI-native primary care company," using the app to deliver AI-generated responses and insights based on users' health data reported from their…
via The Verge