Deals
Grindr Agrees to Buy Telehealth Provider PurposeMed for $250 Million, Rising to $320 Million With an Earnout
The acquisition brings HIV-prevention brand Freddie in-house, with $190 million in cash, $60 million in stock and up to $70 million tied to 2027 targets.
AF
By Anna Ferreira
Oct 1, 2026 · 5 min read
Grindr agreed to acquire all of PurposeMed Inc., the parent of telehealth brand Freddie, for a base price of $250 million, according to a Form 8-K filed with the Securities and Exchange Commission.
Discussion (0)
Sign in to join the discussion.
Loading comments…
AF
Anna Ferreira
Senior Correspondent, Corporate Strategy
Anna Ferreira writes for Corporate Insider Inc.