Grindr to Acquire PurposeMed (Freddie) for Up to $320 Million
October 5, 2026
Grindr has agreed to acquire PurposeMed, the parent company of HIV prevention telehealth provider Freddie, for $250 million in cash and stock, with total consideration potentially rising to $320 million based on performance milestones. The transaction is expected to close in the fourth quarter of 2026, subject to closing conditions, and Freddie will be integrated into Grindr’s Grindr Health experience.
- Buyers
- Grindr
- Targets
- PurposeMed
- Industry
- Healthcare Services
- Location
- Canada
- Transaction Type
- Buyout
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