Sword Health has agreed to acquire Headspace in an all-cash transaction valued at roughly $300 million, with closing expected before the fourth quarter of 2026 begins. The deal would bring Headspace’s more than 100 million users across 200 countries, over 20,000 employer relationships and health-plan distribution through providers including Cigna Healthcare and Kaiser Permanente into Sword’s broader digital health platform. Headspace’s network includes more than 15,000 clinicians. Sword says it has treated more than one million patients through its AI Care platform, which covers physical pain, women’s health, mental health and cardiometabolic care. The transaction follows Sword’s $285 million acquisition of Kaia Health and its approximately $4 billion valuation after a June 2025 funding round. Sword CEO Virgílio Bento said the company could pursue an initial public offering as early as 2028 and is likely to raise more funding later this year.