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LONDON - Digital mental health provider Kooth PLC (AIM:KOO) has acquired Kismet Health's telehealth platform designed for children aged 5-12, according to a press release statement issued Wednesday.
The acquisition includes Kismet's intellectual property and four key team members who will be integrated into Kooth's existing operations. The platform features interactive and age-appropriate tools specifically developed to enhance engagement during teletherapy sessions for younger children.
This move aligns with Kooth's strategy to expand its services to a wider range of payers and funding opportunities by adding capabilities for the under-12 age group. The company also noted that Kismet's pipeline includes several US states where Kooth does not currently operate, potentially enabling geographic expansion.
The telehealth platform is particularly focused on delivering digital mental health services in rural areas where in-person therapy may be unavailable or cost-prohibitive.
Financial details of the transaction were not disclosed, with the company stating they are "not material." Kooth indicated that it does not expect any changes to its current financial outlook as a result of the acquisition.
"This transaction delivers on Kooth's evolved strategy to advance our capabilities and broaden the services we offer," said Kate Newhouse, Chief Executive Officer of Kooth, in the press release.
The acquisition comes as part of Kooth's continued expansion in the US digital mental health market, with a particular focus on reaching underserved populations and age groups.
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