Grindr to acquire telehealth PrEP provider Freddie parent PurposeMed for $250 million

By Public Technologies
  • 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.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grindr Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202609301645BIZWIRE_USPR_____20260930_BW408458) on September 30, 2026, and is solely responsible for the information contained therein.

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