DEAL ANNOUNCEMENT

McDermott Will & Schulte advises Universal Health Services on acquisition of Talkspace

Aug 17, 2026

Read time: 2 min

Global law firm McDermott Will & Schulte represented Universal Health Services, Inc. (NYSE: UHS) in its approximately $835 million acquisition of Talkspace, Inc. (NASDAQ: TALK), bringing together one of the nation’s largest providers of healthcare services with a leading virtual behavioral health platform to redefine how mental healthcare is accessed and delivered.

Talkspace’s virtual care platform complements UHS’ extensive network of affiliated behavioral health facilities, acute care hospitals and outpatient locations, creating an end-to-end behavioral health ecosystem that connects care across settings and levels of need. As demand for behavioral health services continues to grow, the combined organization is positioned to offer patients greater flexibility and choice while improving care coordination across settings.

The transaction brought together the firm’s leading healthcare regulatory practice and top-tier public M&A team to provide UHS with a unique combination of regulatory and transactional advice.

The McDermott team was led by Eric Orsic and Terry Brennan with invaluable support from Will Orner, Samantha Pearsall, Payton Thornton, Patrick Zanayed, Greg Heltzer, Noah Feldman Greene, Diana Douglas, Lauren Flynn, Phoebe Flint, Sarah Kitchell, Joel Haims, Abygail Hoey, Wendy Phinny, Riley O’Farrell, Joseph Parise, Alexandra Nasar, Tyler Barton and Nate Barnett.