Business1 min read

Smart ring maker Oura to acquire Counsel Health for $625 million

By · Via Investing.com Markets · Published by Everything Blog

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.
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