Virtual care leader Teladoc Health announced it has acquired UpLift, a tech-enabled provider of virtual mental health therapy, psychiatry and medication management services.
BetterHelp, which is the largest consumer-oriented virtual therapy business of its kind, will utilize its market-differentiated experience and activation capabilities to provide consumers the ability to access their insurance coverage benefits through its relationship with UpLift. And therapists serving BetterHelp will also have an opportunity to be considered for inclusion in the benefits coverage network, based on the respective requirements, needs, and interests.
Deal benefits: This acquisition supports the company’s strategy to further enhance its leadership position in virtual mental health, such as allowing consumers served by its BetterHelp segment to access benefits coverage for mental health services. UpLift serves the health plan market and has arrangements covering over 100 million lives, a network of over 1,500 mental health professionals, important capabilities, and a talented team.
Along with BetterHelp, Teladoc Health’s Integrated Care segment provides various digital tools, coaching, therapy, and psychiatry services for employers and health plans, and completed nearly a million mental health visits last year.
UpLift will continue to be led by its current CEO, Kyle Talcott, who will continue to be responsible for managing its provider network, overseeing quality and patient outcomes, and accepting and administering insurance coverage.
Deal terms: Teladoc Health bought UpLift in an all-cash transaction for $30 million, with up to $15 million in additional contingent earnout consideration. And UpLift’s 2024 revenue was approximately $15 million. The deal closed on April 30, 2025, and the results of UpLift will be included in the company’s BetterHelp reporting segment from now on.
KEY 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 — especially for those seeking to use their coverage benefits — while also driving topline revenue growth that will help sustain and expand our impact over time.”
Fernando Madeira, president of BetterHelp
“Teladoc Health is uniquely positioned to help us accelerate the impact of our mission. We are proud of our ability to help health plans expand access for their members to high quality, affordable mental healthcare with leading patient outcomes. 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 and CEO of UpLift
