Grindr Buys PurposeMed for $250M, Launching Push Into PrEP Telehealth
Grindr (NYSE: GRND) announced it has agreed to acquire PurposeMed Inc., the parent company of Freddie, a Canadian telehealth provider of HIV pre-exposure prophylaxis (PrEP) that is expanding in the United States, for $250 million.
Why it matters — This acquisition signals Grindr's entry into the PrEP telehealth space, a move that could expand its health-related services beyond its core social networking platform.