Headspace Health has acquired Sayana, an AI-powered mental health and wellness company, for an undisclosed amount. Headspace Health says the acquisition of the San Francisco-based company will increase its ability to provide personalized personal care to its users. The acquisition comes as Headspace and Ginger merged last year to form Headspace Health, which is valued at $ 3 billion. The merger brought together Ginger’s therapy and coaching offerings with Headspace’s mindfulness and meditation services.
Founded in 2018 and supported by Y Combinator in 2020, Sayana relies on chat sessions with an AI character that encourages users to track their moods. The app personalizes users’ experiences based on their mood trends and suggests self-care and breathing exercises. The company’s sleep app helps users achieve restorative sleep sessions based on their mood and sleep patterns.
Headspace Health CEO Russel Glass told TechCrunch in an interview that Sayana’s apps will continue to work for a while while Headspace Health integrates their core capabilities into the Headspace and Ginger experience. Once the integration is complete, the company will deactivate Sayana as a separate experience and move users to Headspace Health.
“Sayana has created a unique, member-driven experience and as we reflect on the future of what we’re trying to do, it fits elegantly into Headspace Health’s vision of a world where you can take charge of the full continuum of care, wherever you are. someone is on the mental health continuum, ”Glass said. “One of the things we have seen during the pandemic is the number of people who continue to need support, so we need to stay focused on innovation. We need to make sure that we can automate parts of the continuum of mental health and delivering self-care content to people who need it, and that’s where this acquisition is so exciting. “
Headspace Health is focused on creating an integrated experience to deliver mental health assistance ranging from prevention to clinical care, all from a platform backed by AI and data science. With the addition of Sayana, Headspace Health plans to improve its ability to personalize experiences by offering help and services based on user records.
Image credits: Headspace health
Glass said Headspace and Ginger are already leveraging AI to support their team of behavioral health coaches, therapists and psychiatrists to ensure quality user interactions, comprehensive service tracking, and close collaboration. between health care providers. He pointed out that adding Sayana’s ability to understand a user’s needs in a fully automated way via a strong chatbot experience will destigmatize experiences and deliver more personalized and effective care.
As part of the acquisition, Sayana Founder and CEO Sergey Fayfer joins Headspace Health and takes on a product leadership role within the company.
“Since our inception, our mission at Sayana has been to put accessible personal care in everyone’s pocket,” Fayfer said in a statement. “We are excited to bring together our expertise in technology, engineering and design to help advance Headspace Health’s efforts to democratize high quality and affordable mental health care around the world. “
Looking ahead, Glass said Headspace Health plans to continue to grow to meet growing mental health care needs. The company’s objective is to be the most accessible and complete platform while reducing the cost of care as much as possible. He stressed that Headspace Health will continue to innovate to ensure that it can reduce the cost of care, while keeping the quality of care as high as possible. Glass noted that this will require Headspace Health to be aggressive in terms of thinking about inorganic growth strategies and organic growth strategies.
“We will continue to focus on the employer landscape. You will see us continue to announce new health plan and vendor partnerships, there will be a number of them in the coming months,” said Glass. “We will continue to focus on young people as an area of expansion for us. You will continue to see us innovate. We are spending a lot on research and development and will continue to gain ownership as we see opportunities to add platforms like Sayana to our platform over time. “