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Smart ring maker Oura plans to acquire AI-native primary care platform Counsel Health for $625 million, with the deal expected to close by the end of 2027. Counsel Health's services are already integrated into the Oura app, and the two companies plan to expand further into multiple healthcare scenarios. Once the acquisition is complete, Counsel Health will continue to serve its existing enterprise customers, its CEO will become Oura's Chief Clinical AI Officer, and approximately 70 employees will join Oura. The acquisition comes as Oura has indefinitely postponed its IPO; the company disclosed that recent quarterly revenue grew significantly year over year, and that full-year revenue for fiscal year 2026 also posted a high year-over-year increase.
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