Artificial Intelligence1 min read

Oura is acquiring medical AI chatbot startup Counsel Health

By · Via The Verge · Published by Everything Blog

In short

The $625 million transaction follows an earlier integration of Counsel Health's AI chatbot directly into the Oura application. Counsel Health provides a clinical service that reviews wearable metrics to generate insights and connect users directly with doctors. The combined companies plan to expand into acute episodic care as well as chronic areas like cardiometabolic and reproductive health. In addition to consumer features, Counsel Health will maintain its enterprise platform for external health systems and employer partners.

Key points

  • The acquisition establishes a direct bridge between continuous wearable biometric trackin…: The acquisition establishes a direct bridge between continuous wearable biometric tracking and licensed physician care.
  • Counsel Health will continue offering its clinical AI services to third-party enterprise…: Counsel Health will continue offering its clinical AI services to third-party enterprise clients, including health systems and employers.
  • Future product development will focus on preventative care, episodic needs, and specialty…: Future product development will focus on preventative care, episodic needs, and specialty areas like reproductive and cardiometabolic health.

Sources checked by our analysis pipeline: 1

Oura announced its quarterly earnings today and said it agreed to acquire Counsel Health for $625 million, after adding the company’s AI chatbot to its app earlier this year. Counsel Health calls itself an “AI-native primary care company,” using the app to deliver AI-generated responses and insights based on users’ health data reported from their wearables that can then proceed to a conversation with one of its in-house physicians.

Oura is acquiring medical AI chatbot startup Counsel Health

Doctor visits could start with a readout of your Oura ring data.

Doctor visits could start with a readout of your Oura ring data.

Oura says it expects the deal to close before the end of the year.

Oura CEO Tom Hale said in an interview with Bloomberg that the acquisition is part of a plan to connect wearables, clinical AI, and access to doctors based on insights from biometric data to answer questions or monitor ongoing conditions. Counsel Health’s AI chatbot can connect Oura users to a real doctor directly from the app and draw on users’ biometric data from their…

Artificial Intelligence