Wisp, a women’s telehealth provider, has acquired sexual health platform TBD Health in a move to expand into enterprise and hybrid care models while broadening access to sexual health services. Financial terms of the transaction were not disclosed. The acquisition marks Wisp’s first major M&A transaction and signals a strategic push into B2B partnerships and integrated care delivery. Over time, the TBD Health brand will transition under the Wisp umbrella.
TBD Health operates a national hybrid sexual health and diagnostics platform that combines routine STI and HIV testing with virtual clinical support and in-person services delivered through partnerships. The platform serves tens of thousands of individuals and has positioned itself as a flexible extension of existing care settings. The companies plan to expand access to sexual health services, particularly for women, who remain significantly underserved in pre-exposure prophylaxis (PrEP) utilization.
“We found their capabilities and expertise really impressive when we thought about how do we accelerate our own B2B strategy,” said Monica Cepak, CEO of Wisp. Although PrEP reduces the risk of contracting HIV through sex by 99%, access remains uneven. From 2019 to 2022, 94% of white people who could benefit from PrEP were prescribed it, compared with 13% of Black and 24% of Latino individuals. Women account for roughly one-fifth of new HIV diagnoses but represent a disproportionately small share of PrEP users.
“We think that we are uniquely positioned as a brand to educate and bring awareness … and ultimately bring telePrEP at scale across the country,” Cepak said, noting that Wisp has not previously offered telePrEP services. The acquisition builds on an existing relationship, as Wisp had been a B2B customer of TBD Health prior to the deal.
Both companies emphasized the importance of hybrid care models in reducing fragmentation. “The companies who will be here for the long term are the ones that are figuring that out and moving in that direction. There’s already so much fragmentation for patients that they have to navigate,” Cepak said. Daphne Chen, co-founder of TBD Health, added, “Care should be delivered in so many different sites. Being able to offer them those options is actually really core to being able to increase access.”
Alongside the acquisition, TBD announced its first hospital partnership with Mount Sinai, with additional health systems expected this year. TBD views health systems as “core partners,” supporting low-acuity care through virtual services while referring patients to hospitals when needed. “We’re able to leverage the digital resources to be able to connect patients with care for low-acuity needs online, and then be able to send them to hospital systems for other services or broader care,” Chen said.
TBD no longer operates brick-and-mortar clinics, instead delivering in-person services through institutional partners, including community organizations. The company maintains its own in-house EHR and is integrating with Cerner and Epic. Neither Wisp nor TBD accepts insurance. Wisp has served 1.8 million patients to date and indicated it will continue to explore additional strategic acquisitions.
Click here for the original news story.