
PRESS RELEASE – Grindr has agreed to acquire PurposeMed, the parent company of HIV-prevention telehealth provider Freddie, for $250 million. The deal includes $190M in cash and $60M in Grindr shares, with a further $70M tied to performance targets. Freddie has served ~55K patients across Canada and the US and expects 2026 revenue of ~$80M and adjusted EBITDA above $10M. Grindr plans to integrate Freddie into its app, allowing users to access PrEP consultations, testing, prescriptions and medication delivery. The deal is expected to close in Q4 of 2026.









