Oura Acquires Counsel Health for $625M

Smart ring maker Oura acquired virtual primary care company Counsel Health for $625 million in an all-cash deal announced Tuesday, closing before year-end to combine biometric data with on-demand physicians. Oura revenue grew 153% to $533 million in the quarter to 30 September, while Counsel CEO Muthu Alagappan joins as chief clinical AI officer.