Talkspace to Be Acquired by Universal Health Services

Talkspace, Inc. has entered into an Agreement and Plan of Merger with Universal Health Services, Inc. and UHS Merger Subsidiary, Inc. If the merger agreement is adopted and the merger is consummated, Merger Sub will merge with and into Talkspace, with Talkspace surviving as an indirect wholly owned subsidiary of UHS.

Under the terms, Talkspace common shareholders will receive $5.25 per share in cash, without interest, subject to withholding taxes and any required appraisal-rights exclusions. The special meeting of stockholders will be completely virtual, and the proxy materials reference a special meeting date to be set.