Company profile
Talkspace
A virtual mental health service offering messaging and live-session therapy, psychiatry and medication management, and a separate paid AI support product.
- Operating status
- Operating
- Updated
Facts were checked against the primary sources listed on this page as of the date shown. This profile reports publicly documented facts; it makes no clinical claims and does not rate clinical quality or recommend treatment. How we research
On this page
Talkspace provides virtual mental health services through messaging and live-session therapy, psychiatry and medication management, and a separate paid AI support product called Tee. People can pay out of pocket or check insurance, employer or health-plan benefits. The company says it is not an emergency service.
What Talkspace offers
- Individual therapy: asynchronous messaging, scheduled live sessions, or both, depending on the plan.
- Teen therapy: available for ages 13 to 17 with parent or guardian consent, subject to state rules.
- Couples therapy: live sessions and messaging under one subscription; insurance or employer coverage depends on the benefit.
- Psychiatry: video evaluations, follow-up appointments and medication management. Psychiatry is purchased by the session rather than through a therapy subscription.
- Tee: a separate AI mental health guide sold by monthly subscription. Talkspace says Tee is not a human therapist, cannot diagnose or provide treatment, and is not appropriate for a crisis.
Talkspace says messaging members can contact their therapist at any time and receive responses five days a week. Live appointments are scheduled. The exact mix of messaging, video and workshops depends on the selected plan.
Availability
All 50 states appeared in Talkspace’s therapist directory on September 15, 2026. That is a dated directory observation, not a guarantee that a particular clinician, specialty, appointment time or insurance plan is available. Virtual treatment depends on a clinician licensed for the state where the patient is located.
Talkspace’s Medicare page contains conflicting geographic language. One answer says virtual therapy is covered nationwide, including all 50 states and the District of Columbia; another says Talkspace accepts Medicare in some states and is adding more. The same page says Medicare coverage currently applies to therapy, not Talkspace psychiatry. Medicare and Medicare Advantage members should verify their state, plan and service directly before enrolling.
Pricing and insurance
These out-of-pocket prices were displayed on the Talkspace pricing page on September 15, 2026. Therapy rates are quoted weekly, but Talkspace says the plans are billed monthly, quarterly or biannually.
| Service | Advertised price | Included or excluded |
|---|---|---|
| Individual or teen messaging | $69 a week | Messaging; responses five days a week |
| Individual or teen video plus messaging | $99 a week | Up to four 30-minute video sessions a month and messaging |
| Individual video, messaging and workshops | $109 a week | Up to four video sessions, messaging and weekly workshops |
| Couples video plus messaging | $109 a week | Up to four sessions a month and messaging for both partners |
| Psychiatry initial evaluation | $299 | One-hour video evaluation; medication cost not included |
| Psychiatry evaluation plus one follow-up | $435 | Initial evaluation and one follow-up |
| Psychiatry follow-up | $175 | Available after an initial evaluation |
| Three psychiatry follow-ups | $475 | Three follow-up video visits |
| Tee | $19.99 a month | After a seven-day free trial |
Talkspace lists $69 for an additional video session in one part of the pricing page and $65 for an additional couples session in another. The page does not explain whether that is a service-specific difference, so confirm the price before adding a session. Live-session credits do not roll over between months.
Talkspace bills participating insurers directly and says coverage varies by plan. Its current page reports that most insured members have a $0 copay and gives a $10 average therapy copay and a $15 average psychiatry copay. Those are company-reported averages, not individual quotes; deductibles, network status and covered services can change the amount. Out-of-network members may be able to submit a superbill to their insurer. Prescriptions are paid for separately at the pharmacy.
Ownership and history
Talkspace says it was founded in 2012 and now works with more than 6,000 licensed clinicians. Both are company-reported figures.
The company became public in 2021 through a merger with Hudson Executive Investment Corp. It returned to private ownership on August 17, 2026, when Universal Health Services completed its acquisition. The SEC filing says Talkspace survived the merger as an indirect wholly owned UHS subsidiary and that holders received $5.25 in cash for each outstanding share.
Talkspace’s About page identifies Jon R. Cohen, M.D. as chief executive officer, Ian Harris as chief financial officer, Gil Margolin as chief technology officer and Nikole Benders-Hadi, M.D. as chief medical officer as of this profile’s verification date.
Who provides the care
Talkspace’s 2025 annual report describes a management-services structure rather than clinicians being engaged directly by Talkspace, Inc. A subsidiary, Talkspace LLC, provides administrative services under agreements with Talkspace Provider Network, PA and affiliated professional entities. Those professional entities contract with the physicians, therapists and other licensed professionals who treat members.
Cancellation, refunds and privacy
Talkspace says out-of-pocket plans can be paused or cancelled before renewal, and psychiatry has no subscription. Its terms of use, last updated January 29, 2025, say refunds may be full, partial or prorated at Talkspace’s discretion except where prohibited by law; that is not a blanket refund guarantee. The terms also contain binding-arbitration and class-action-waiver provisions, with a written opt-out period of 30 days after registration.
The privacy policy displays a July 17, 2025 update date. Both documents predate the August 2026 change in ownership, so readers should review the current versions when enrolling.
Timeline
Dated, sourced events. Each date is shown at the precision the source supports; "alleged" means a claim in a filing, not a finding.
- (announced) — Talkspace trading halted and delisting requested on the merger's closing date Public listing
Trading in Talkspace common stock was halted before the opening of trading on the closing date. The company notified Nasdaq that the merger had occurred and requested that it suspend trading and file a Form 25 to delist and deregister the stock, which the filing says becomes effective ten days after that filing. A Form 15-12G followed on August 27, 2026. Status: Completed as of ; Primary-source verified. Source: Talkspace, Inc. — current report on the completion of the merger with Universal Health Services (+1 more in Sources) - (completed) — Universal Health Services completes its acquisition of Talkspace Acquisition
The merger closed and Talkspace became an indirect wholly owned subsidiary of Universal Health Services. Shares converted into the right to receive $5.25 in cash. The filing states aggregate cash consideration payable to equityholders of approximately $870.6 million, funded by borrowings under the parent's credit facilities. Status: Completed as of ; Primary-source verified. Source: Talkspace, Inc. — current report on the completion of the merger with Universal Health Services - (announced) — Talkspace agrees to be acquired by Universal Health Services Acquisition
Talkspace entered an agreement and plan of merger with Universal Health Services and its indirect wholly owned subsidiary UHS Merger Subsidiary. Each outstanding share was to convert into the right to receive $5.25 in cash. The filing states the Talkspace board approved the agreement unanimously. An agreement is not a completed transaction. Status: Completed as of ; Primary-source verified. Source: Talkspace, Inc. — current report on entry into the merger agreement with Universal Health Services - (issued) — Court grants final approval to the securities and Delaware settlements Litigation
After a February 2023 mediation resolved the consolidated securities action and the Delaware Court of Chancery action, the court preliminarily approved the settlement on June 30, 2023 and granted final approval on October 30, 2023. The defendants admitted no liability or wrongdoing. The filings do not state the settlement amount. Status: Resolved as of ; Primary-source verified. Source: Talkspace, Inc. — annual report for the year ended December 31, 2023 - (issued) — Derivative settlement approved for governance changes; the declassification amendment later fell short of its approval threshold Litigation
Consolidated shareholder derivative suits were settled with provision for corporate governance changes, including board declassification, a management-level disclosure committee, expanded audit committee duties, added independent directors and an internal controls consultant. The court granted final approval on August 16, 2023. The declassification amendment went to the October 10, 2023 annual meeting and did not reach the required 66.66% of total outstanding voting power, though the votes cast were overwhelmingly in favour. Status: Resolved as of ; Primary-source verified. Source: Talkspace, Inc. — annual report for the year ended December 31, 2023 (+1 more in Sources) - (filed) — Securities class actions filed over disclosures in the 2021 public listing Litigation
Talkspace and certain current and former officers and directors were named in Baron v. Talkspace and Valdez v. Talkspace in the Southern District of New York, consolidated as In re Talkspace, Inc. Securities Litigation. The complaints asserted violations of sections 10(b), 14(a) and 20(a) and Rules 10b-5 and 14a-9 concerning disclosures made in connection with the merger with Hudson Executive Investment Corp. Allegations, not findings. Status: Resolved as of ; Primary-source verified. Source: Talkspace, Inc. — annual report for the year ended December 31, 2023
Sources
Consolidated bibliography for this profile: every record cited in the text or behind its structured data, listed once.
- Talkspace — About us — Talkspace; Company document; accessed — Company-reported founding year, clinician-network size, service list and named executives. Describes Talkspace as a UHS company.
- Talkspace — Pricing — Talkspace; Company document; accessed — Out-of-pocket therapy, teen, couples and psychiatry prices, the Tee subscription price, company-reported average copays, and the billing and cancellation description. The page states two different per-session add-on prices; both are recorded rather than reconciled.
- Talkspace — Terms of use — Talkspace; Company document; Revised ; accessed — Self-stated last-updated date, Delaware governing law, the arbitration agreement and class-action waiver with its thirty-day opt-out, and the discretionary refund provision.
- Talkspace — Privacy policy — Talkspace; Company document; Revised ; accessed — Self-stated last-updated date. Read for the information-handling description, not as an assessment of compliance.
- Talkspace — Insurance coverage — Talkspace; Company document; accessed — Named insurers and the company's eligibility-check flow. Coverage is described as plan-dependent throughout.
- Talkspace — Medicare and Medicare Advantage coverage — Talkspace; Company document; accessed — Company-reported Medicare and Medicare Advantage therapy access, carrying its own disclaimer that coverage varies by plan.
- Talkspace — About Tee — Talkspace; Company document; accessed — Subscription price and trial length for the company's AI product, and the company's own statements that it is not a therapist, cannot diagnose and cannot handle a crisis.
- Talkspace — Find a therapist directory — Talkspace; Company document; accessed — All fifty state names appeared in the directory on the access date. A directory listing is a dated observation, not a licensing check and not evidence that a clinician is accepting new patients in a given state.
- Talkspace, Inc. — current report on the completion of the merger with Universal Health Services — Talkspace, Inc., filed with the U.S. Securities and Exchange Commission; Regulatory filing; Filed ; accessed ; SEC accession 0000950157-26-000907; Commission File 001-39314 — Items 2.01, 3.01, 3.03, 5.01, 5.02 and 5.03 state the closing date, the per-share cash consideration, the aggregate cash consideration, the change of control, the Nasdaq delisting request and the board composition after closing.
- Talkspace, Inc. — annual report for the year ended December 31, 2025 — Talkspace, Inc., filed with the U.S. Securities and Exchange Commission; Regulatory filing; Filed ; accessed ; SEC accession 0001193125-26-105146 — Item 3 Legal Proceedings and the commitments and contingencies note both state no material pending legal proceedings as of December 31, 2025. The business section describes the management-services structure between Talkspace LLC, Talkspace Provider Network, PA and the affiliated professional corporations.
- Talkspace, Inc. — Form 15-12G certification and notice of termination of registration — Talkspace, Inc., filed with the U.S. Securities and Exchange Commission; Regulatory filing; Filed ; accessed ; SEC accession 0000950157-26-000958 — Filed after the merger, relying on Rule 12g-4(a)(1) and Rule 12h-3(b)(1)(i) and reporting one holder of record. It suspends the duty to file periodic reports; termination of the registration follows the timetable those rules set rather than taking effect on the filing date. It ends a reporting duty and does not establish that no further disclosure of any kind will occur.
- Talkspace, Inc. — current report on entry into the merger agreement with Universal Health Services — Talkspace, Inc., filed with the U.S. Securities and Exchange Commission; Regulatory filing; Filed ; accessed ; SEC accession 0000950157-26-000267 — Item 1.01 states the parties, the unanimous board approval, the $5.25 per-share cash consideration and the intended delisting and deregistration. An agreement is not a completed transaction; the closing is reported separately.
- Talkspace, Inc. — annual report for the year ended December 31, 2023 — Talkspace, Inc., filed with the U.S. Securities and Exchange Commission; Regulatory filing; Filed ; accessed ; SEC accession 0000950170-24-030872 — Note 6 gives the fullest account of the securities, Delaware and derivative actions arising from the Hudson Executive Investment Corp. merger, their settlements and final approval dates, and records that the board declassification proposed in the derivative settlement was not approved at the 2023 annual meeting. It does not state the securities settlement amount.
- Talkspace, Inc. — current report on the results of the 2023 annual meeting — Talkspace, Inc., filed with the U.S. Securities and Exchange Commission; Regulatory filing; Filed ; accessed ; SEC accession 0001140361-23-048198 — Item 5.07 gives the vote on the board declassification amendment: 82,062,228 for, 237,293 against, 761,258 abstaining and 47,866,615 broker non-votes, against a 66.66% of outstanding voting power requirement. The filing itself describes the result as a substantial favorable vote that did not reach the required threshold.