Grindr agrees to acquire Freddie parent PurposeMed for $250 million

Sep 30, 2026 20:05 (3h ago)

Grindr agreed to acquire PurposeMed, Freddie’s parent company, for $250 million.
The transaction includes $190 million in cash and $60 million in Grindr stock.
Grindr launched its Woodwork telehealth platform in 2025, with closing expected in the fourth quarter.

Grindr agreed to acquire PurposeMed, the parent company of HIV-prevention telehealth provider Freddie, for $250 million. The transaction comprises $190 million in cash and $60 million in Grindr stock, with closing expected in the fourth quarter. The acquisition builds on Woodwork, Grindr’s LGBTQ+ healthcare platform launched in 2025, and is part of Chief Executive George Arison’s strategy to expand beyond dating and hookups into health and wellness, travel, and luxury experiences.