Sectors
Foley & Lardner LLP advised Grindr (NYSE: GRND), the Global Gayborhood in Your Pocket™, on its acquisition of PurposeMed Inc., the parent company of Freddie, a leading telehealth platform built for the 2SLGBTQ+ community offering access to PrEP and judgment-free care across HIV prevention, sexual health, and an expanding range of health treatments.
Grindr completed the transaction on November 2, 2026, valued at $250 million and consisting of $190 million in cash and $60 million in Grindr common stock with potential earnouts tied to 2027 performance targets of up to $70 million in additional cash.
The acquisition brings Freddie into Grindr Health and establishes PrEP access as part of Grindr’s broader health business. With the addition of Freddie, Grindr will make it easier for millions of users to learn about PrEP, connect with clinicians, access testing and prescriptions, and receive medication through the Grindr app.
Foley’s legal team was led by partners Thomas (T.J.) Ferrante and Susan Pravda and included support from partners Libby Ridley and Alex Miska and associates Ryan McNulty and Lydia Stambaugh.
The Telemedicine & Digital Health Industry Team helps high-growth companies embrace emerging issues in virtual care, enabling them to provide innovative care for patients in new markets around the block and around the world. Foley is committed to helping entrepreneurs fulfill their goals of harnessing new technology to reach patients anywhere, delivering care without borders or geographic limitations. The firm helps create fully-fledged telemedicine offerings, providing end-to-end legal services by coupling precise strategic guidance with rapid turnarounds to maintain that sense of urgency necessary to launch new initiatives and remain.
Learn more at www.foley.com/telemedicine.
