Oura plans to acquire AI healthcare startup Counsel Health for $625 million.

According to Bloomberg, smart ring maker Oura has agreed to acquire Counsel Health, which provides AI-powered health consultations and on-demand medical services, for $625 million. This marks Oura’s largest acquisition to date, aimed at expanding its business from health monitoring to medical services. Oura also announced that its fourth-quarter fiscal year revenue, ending September 30, rose 153% to $533 million, with adjusted EBITDA of $87 million and a margin of 16%. The company projects fiscal 2026 revenue of around $1.75 billion, up 92% year-over-year. Oura had originally planned to go public at the end of September, but delayed the IPO due to market uncertainty. CEO Tom Hale stated there is currently no update on whether to restart the IPO plan or its specific timeline. Counsel Health was integrated into the Oura app in June, and uses AI to answer users’ health questions by combining data collected from the smart ring and other medical information; users requiring formal diagnoses can consult doctors. Oura plans to leverage this acquisition to help users access medical consultations when their physiological indicators show abnormalities, and provide support to those with ongoing health issues. Counsel Health CEO Muthu Alagappan will serve as Oura’s Chief Clinical AI Officer, and the company’s 70 employees will also join Oura.