Oura to acquire AI-native primary care startup Counsel Health for $625M

AI Summary

Wearable technology company Oura agreed to acquire Counsel Health, an AI-focused primary care startup, for $625 million. The transaction follows Oura's decision to indefinitely postpone a planned IPO of up to $2.2 billion amid uncertainty in the public markets.

The deal comes a few weeks after Oura postponed its up to $2.2 billion IPO indefinitely, citing “uncertainty in the IPO market.”