The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Spring Health

Capital · deployed

acquisition of Alma — CLOSED May-1-2026 (announced Jan-29-2026), folding Alma's clinician-insurance-billing network into Spring Health's employer/payer benefit business. Deal value: ONE low-confidence secondary source (briefglance.com, page itself unreachable on refetch — HTTP 525) cites '$1.5B deal'; every other outlet checked (Thoma Bravo press item, citybiz, HIT Consultant, acuity.news) explicitly states financial terms were NOT disclosed. Treat $1.5B as an unconfirmed single-source figure, not a disclosed deal value.

low confidence · as of 2026-07-28 · about Spring Health

Sourced figures 3


the working

Threads 1

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Spring Health.