Teladoc Health Acquires UpLift to Expand Mental Health Access
Slice of Healthcare Team
May 02, 2025
Key Highlights
- Acquisition expands access to virtual mental health services for over 100M insured lives
- UpLift brings a provider network of 1,500+ mental health professionals
- BetterHelp users to benefit from new insurance coverage integration
- $30M cash deal with up to $15M in earnouts; UpLift had $15M revenue in 2024
- UpLift to retain CEO Kyle Talcott and continue market operations
Source: Direct
Notable Quotes
“ BetterHelp was founded to remove the traditional barriers to therapy and make mental health care more accessible to everyone... We believe joining forces with UpLift will help us advance that mission... ”
Fernando Madeira, President at BetterHelp
“ We couldn’t be more excited and confident that our health plan partners, patients and providers will greatly benefit from the scale and expanded capabilities that this partnership brings to them. ”
Kyle Talcott, Founder & CEO at UpLift
Why This Matters
This acquisition marks a significant step in Teladoc Health’s strategy to consolidate its leadership in virtual mental health care. By integrating UpLift’s strong insurance relationships and expansive provider network, Teladoc not only broadens access to care but also enables BetterHelp users to utilize insurance benefits—enhancing affordability and adoption. As virtual care becomes increasingly essential, this move positions Teladoc to meet growing demand while improving outcomes and scalability in the mental health landscape.
