Company file

Who owns Alma?

Insurance billing and credentialing platform with a paid membership model. Therapists pay a monthly fee (~$125-150) on top of Alma's share of each session.

Ownership

Acquired by Spring Health in January 2026. Before the acquisition, Alma raised a $130M Series D (2022) led by Thoma Bravo, with Insight Partners, Cigna Ventures, and Optum Ventures among its investors.

Insurer ties

Cigna Ventures and Optum Ventures held stakes in Alma before the Spring Health acquisition.

Timeline

• August 2022Raises $130M Series D; investors include Cigna Ventures and Optum Ventures. verified source
• November 2024Cuts Optum/UHC/UMR/Surest rates by $7 per session. Therapists independently credentialed with Optum reported no cut in the same period. community-reported source
• January 2026Spring Health announces its acquisition of Alma (January 29); the deal closes May 1, 2026. verified source
• July 2026Effective July 15, 2026, Aetna sessions on Alma contracts pay 90837 at 90834 rates, and doctoral-level clinicians at master's-level rates. Community estimates put the cut at 30-40%. Directly-paneled Aetna therapists report no change. community-reported source

Items marked verified cite primary or press sources. Items marked community-reported summarize public clinician accounts and are presented as reports, with links; they are claims, and corrections are welcome through the submission form.