Oura Acquires Council Health for $625 Million in Cash
Oura acquired AI doctor service Council Health for $625 million to integrate clinical AI with its wearable health data.
Oura, the smart ring manufacturer, agreed to acquire AI and on-demand doctor service Council Health for $625 million in cash. The deal aims to combine wearable health data with clinical AI to deliver more proactive and personalized healthcare for its 6 million users.
Oura had already begun integrating Council Health into its application in June, providing users with the ability to analyze health data and ask medical questions. The acquisition follows a period of significant financial growth for the company, which reported a record quarter with revenue increasing 153% to $500 million and full-year revenue rising 92%.
Despite this growth, Oura remains a private company. It withdrew its S-1 IPO filing in September citing volatile market conditions. The company's leadership has stated there is currently no update on the timing or plans for a future public offering.
