Grindr

GRND

Valor de mercado US$ 2,45 bi

Grindr NYSE: GRND said it has agreed to acquire PurposeMed Inc., the parent company of Freddie, a Canadian telehealth provider of HIV pre-exposure prophylaxis, or PrEP, that is expanding in the United States.

Grindr is expanding its footprint in LGBTQ-focused healthcare with its first major acquisition. The dating app is paying $250 million for health startup Freddie, with the aim of fully integrating Freddie's HIV-prevention telehealth and pharmacy capabilities into a broader Grindr Health offering.

Grindr Inc. (GRND) M&A Call Transcript

Grindr said it is acquiring PurposeMed, the parent company of HIV prevention telehealth provider Freddie. The deal is worth $250 million and is expected to close in the fourth quarter.

LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND), the Global Gayborhood in Your Pocket™, today announced it has agreed to acquire PurposeMed Inc., the parent company of Freddie, a leading telehealth provider of PrEP and HIV prevention care, for $250 million in cash and stock. The transaction may include up to an additional $70 million in cash consideration based on the achievement of certain performance targets and is expected to close in Q4 2026, subject to applicable closing conditions.

The gay dating-app's first major acquisition reflects a broader expansion into the healthcare business.

Grindr stands out as a rare dating app delivering meaningful growth amid industry retrenchment. I maintain a buy rating on GRND, citing high conviction in its growth story and attractive valuation versus peers. Despite a strong Q2 beat-and-raise, GRND trades flat near $16, underperforming Match despite superior growth.

LOS ANGELES--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND), the Global Gayborhood in Your Pocket™, today announced that George Arison, Grindr's Chairman and Chief Executive Officer, will speak on the mainstage at the Clinton Global Initiative (CGI) 2026 Annual Meeting in New York, NY. Arison will appear on a featured panel, "Getting Disruption Right," on Wednesday, September 23, 2026, at 8:45 AM ET, where he will discuss the company's commitment to HIV prevention. Grindr is a sponsor of the CGI 202.

WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)-- #Grindr--Grindr's award-winning podcast, Who's the A**hole? returns for Season 5 with Katya and a stacked new lineup of guests.

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