Oura Acquires AI-Native Primary Care Startup Counsel Health for $625M

Wearable company Oura agreed to acquire Counsel Health, an AI-native primary care startup, for $625 million. The deal follows Oura's decision to postpone an IPO of up to $2.2 billion indefinitely, which it attributed to "uncertainty in the IPO market."

Why it matters: The acquisition shows a health-wearable company buying an AI-driven care provider as a way to move beyond devices, and it signals that AI-native healthcare startups are attracting strategic capital even while IPO markets are unsettled.