Kooth Acquires US Telehealth Platform to Expand Reach and Capabilities

Kooth (AIM: KOO), a leading provider of digital mental health services, has today announced the acquisition of US paediatric digital health company Kismet Health’s (“Kismet”) telehealth platform. The bespoke platform has been designed with interactive and age-appropriate tools to enhance engagement during teletherapy, principally for children aged 5-12.

The acquisition fits with Kooth’s strategy of expanding its services to access a wider range of payers and funding opportunities by adding new capabilities for the 12 and under age group. Furthermore, Kismet’s pipeline includes a number of US states where Kooth is not currently active, enabling the Company to grow its existing pipeline. In particular, Kismet’s telehealth platform can enable digital mental health service delivery in rural areas, where in-person therapy is either not available or prohibitively expensive.

Kooth will acquire Kismet’s intellectual property along with four key Kismet team members with significant clinical, product, and technical experience who will deliver the telehealth platform as part of Kooth’s existing operations. Financial details of the transaction are not material and not disclosed. The Company does not expect any change to its current financial expectations.

Kate Newhouse, Chief Executive Officer of Kooth, commented:

“This transaction delivers on Kooth’s evolved strategy to advance our capabilities and broaden the services we offer. Kismet’s telehealth platform complements Kooth’s existing services and will expand our reach within existing states – through the provision of services to children aged 12 and under – and across new states, especially where digital solutions are necessary to deliver mental health for those living in rural areas.”

Dr. Lynne Green, Chief Clinical Officer of Kooth, said:

“Kismet’s platform is an inspiring example of how innovative technology can make behavioural health more engaging and human, and its technology will allow Kooth to deliver even more meaningful support at scale across the US.”

Dr. Cierra Gromhoff, Founder and CEO of Kismet added:

“Joining Kooth and contributing to the next chapter of the company’s evolution is an incredible opportunity. Our teams share the belief that behavioural health should be accessible, personalised, and built with empathy. Together we can bring that vision to life.”