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

Oura, a company known for its health and wellness products, has announced the acquisition of Counsel Health, an AI-focused primary care startup, for $625 million. This acquisition follows Oura's decision to indefinitely postpone its initial public offering, which was expected to raise up to $2.2 billion, due to uncertainties in the IPO market. The acquisition aims to integrate Counsel Health's AI capabilities into Oura's existing product line, potentially enhancing the company's offerings in the health and wellness sector. The financial terms of the deal were not disclosed.