Smart ring maker Oura to acquire Counsel Health for $625 million
In short
Oura has formally entered into an agreement to execute the purchase of Counsel Health. The total valuation announced for this commercial acquisition is set at $625 million. As a smart ring manufacturer, the buying firm is committing substantial capital toward acquiring Counsel.
Key points
- Smart ring developer Oura is executing an acquisition agreement valued at $625 million.: Smart ring developer Oura is executing an acquisition agreement valued at $625 million.
- The transaction brings Counsel Health into an ownership agreement with smart ring maker O…: The transaction brings Counsel Health into an ownership agreement with smart ring maker Oura.
- A substantial capital expenditure of $625 million underlines this formal corporate buyout…: A substantial capital expenditure of $625 million underlines this formal corporate buyout agreement.