Spring Health

Spring Health is a digital mental health company that provides employee assistance programs and mental health benefits to employers and health plans. Its mission is to eliminate barriers to mental health by leveraging clinically validated technology. The company's headquarters are located in New York City.

The company offers a comprehensive platform that includes app-based cognitive exercises, coaching, therapy, psychiatry, and medication management. Utilizing machine-learning algorithms and artificial intelligence, Spring Health aims to precisely match individuals with personalized care plans, reducing the trial-and-error often associated with mental health treatment. Its services are primarily targeted at employers and health plans, providing mental health support for their employees and their families.

Co-founded by April Koh, who also serves as CEO, Spring Health has achieved a significant market position as one of the highest-valued mental health startups, with a valuation of $3.3 billion as of July 2024. Recent developments include the acquisition of Alma in January 2026, aimed at creating a "lifelong mental health platform," and the launch of 'Guide,' an AI-led experience designed to improve mental health outcomes, in April 2026. In November 2024, the company faced a regulatory fine in California for operating an unlicensed health service plan, which it addressed by securing the appropriate license. Spring Health was also recognized on TIME's list of the TIME100 Most Influential Companies of 2026.

Latest updates

Spring Health Acquires Alma to Build Lifelong Mental Health Platform

Event summary

  • Spring Health completed its acquisition of Alma on May 1, 2026.
  • The combined entity supports over 170 million lives globally across employers and health plans.
  • April Koh remains CEO of Spring Health, while Dr. Harry Ritter will lead Alma as a division within Spring Health.
  • The acquisition aims to address care fragmentation and continuity issues within the mental health system.

The big picture

The acquisition reflects a broader trend toward consolidation in the digital mental health space, as companies seek to scale and offer more comprehensive solutions. Spring Health's focus on continuity addresses a critical gap in the current fragmented system, where individuals often lose access to care when transitioning between jobs or health plans. This move positions the combined entity to capitalize on the growing demand for accessible and personalized mental health services, particularly as employers and health plans increasingly prioritize employee well-being and cost management.

What we're watching

Integration Risk
Successfully integrating Alma's provider network and payer relationships with Spring Health's technology will be crucial for realizing the promised continuity of care, and potential conflicts between the two cultures could impede progress.
Regulatory Scrutiny
Given the increasing focus on data privacy and algorithmic bias in healthcare, the combined company's use of AI in personalized care delivery will likely face ongoing regulatory scrutiny.
Market Adoption
The success of Spring Health’s model hinges on employers and health plans adopting a lifelong mental health care approach, which may require a shift in reimbursement models and a willingness to invest in long-term outcomes.

Spring Health's TIME100 Nod Highlights Shift in Mental Health Care Focus

Event summary

  • Spring Health has been recognized as one of TIME’s 100 Most Influential Companies of 2026 and one of TIME’s 10 Most Influential Wellness Companies of 2026.
  • The company acquired Alma in January 2026, integrating Alma’s clinician network into Spring Health’s platform.
  • Spring Health released VERA-MH in February 2026, a benchmark for evaluating AI in mental health crisis response.
  • The company launched Guide, an AI-powered tool, in April 2026, demonstrating a 25% symptom improvement for users needing significant care.
  • Spring Health has over 50 million users worldwide, served through partnerships with major employers and health plans.

The big picture

Spring Health’s recognition underscores a growing industry shift away from simply providing access to mental health services and towards ensuring continuity of care, particularly as individuals navigate changing employment and insurance landscapes. The acquisition of Alma and the development of VERA-MH signal a strategic move to build a more resilient and ethically sound platform, positioning Spring Health to capitalize on the expanding digital mental health market, currently valued at over $500 billion globally. The company's focus on AI-driven solutions also highlights the increasing role of technology in addressing the persistent challenges of mental health access and quality.

What we're watching

Integration Risk
The success of Spring Health’s acquisition of Alma hinges on the seamless integration of disparate clinician networks and technology platforms, which could face operational and cultural challenges.
Regulatory Scrutiny
The release of VERA-MH and Spring Health’s focus on AI-driven crisis intervention will likely draw increased regulatory attention regarding data privacy, algorithmic bias, and the ethical deployment of AI in mental healthcare.
Market Adoption
The demonstrated clinical efficacy of Guide will determine whether Spring Health can expand its adoption beyond existing employer and health plan partnerships and capture a larger share of the fragmented mental health market.
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