Sources: Sword Health plans to acquire mental health company Headspace for between $200M and $300M in cash, far below its ~$3B valuation in 2021 (Brock E.W. Turner/Axios)

Sword Health intends to buy mental-health platform Headspace for between $200 million and $300 million in cash, a price dramatically lower than Headspace’s roughly $3 billion valuation in 2021. The deal reflects a steep discount on the company’s prior market value and signals Sword Health’s expansion into digital mental-wellness services.