Company file
Who owns Alma?
Insurance billing and credentialing platform with a paid membership model. Public dues and current billing conditions are linked on its rate page; the reported clinician payout does not establish a platform retention percentage.
- Ownership
- Spring Health announced an agreement to acquire Alma on January 29, 2026; the acquisition completed May 1. 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 agreement to acquire Alma on January 29. Completion was announced separately on May 1. verified source
- May 2026Members report an initial Aetna proposal for July 15 that would equalize 90837/90834 and degree-based rates. This proposal was later revised; see the July 9 reported update. community-reported source
- May 2026The Spring Health merger closes May 1 as a stock-for-stock exchange. Oregon Health Authority's transaction review states Alma shareholders — its investors include Cigna's and Optum's venture arms — receive up to 19% of the combined company (14% guaranteed, 5% subject to earnout). verified source
- May 2026Spring Health announces completion of its Alma acquisition on May 1. verified source
- July 2026A July 9 community post reproducing an Alma update reports preserved code and degree differentials, continued reductions, and an August 15 start. The account notice and individual rate sheets have not been independently verified here. 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.