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Grindr to Acquire Freddie , Expanding Access to HIV Prevention for Millions of Users 09/30/2026 LOS ANGELES -- ( BUSINESS WIRE ) -- Grindr Inc. ( NYSE : GRND ) , the Global Gayborhood in Your Pocket ™ , today announced it has agreed to acquire Purpose Med Inc. , the parent company of Freddie , a leading telehealth provider of PrEP and HIV prevention care , for $ 250 million in cash and stock . The transaction may include up to an additional $ 70 million in cash consideration based on the achievement of certain performance targets and is expected to close in Q4 2026 , subject to applicable closing conditions . This marks Grindr's first major acquisition since its founding and a significant step in building out the Global Gayborhood , leading with the company's health and wellness business Grindr Health . With the addition of Freddie , Grindr will make it easier for millions of users to learn about PrEP , connect with clinicians , access testing and prescriptions , and receive medication through the Grindr app . PrEP reduces the risk of HIV by approximately 99 % , and eligible US patients can access it at little to no out - of - pocket cost . About 650,000 people in the US are on PrEP today , despite an estimated 2.2 million who could benefit from it . Together , Grindr and Freddie will work to close that gap by enabling Grindr's millions of users to learn about , start , and easily stay on PrEP through the Grindr app . " For generations of gay men , HIV shaped how we thought about intimacy , relationships , and our own futures . Today , we have the tools to prevent it . New infections should be close to zero , and that is what we are striving to achieve , " said Grindr CEO and Chairman , George Arison . " The challenge is connecting people to PrEP and helping them stay on it . Grindr has a direct line to millions of gay men , and Freddie brings the medical expertise to turn that reach into care . Together , we can revolutionize access to HIV prevention , just as Grindr revolutionized how gay men meet , and accelerate progress toward ending the HIV epidemic . " " We built Freddie to make HIV prevention simple and accessible for everyone who needs it . Today we estimate Freddie prevents a new HIV transmission across the US and Canada every day . No one reaches the Freddie community like Grindr does . Together we can bring that care to millions more people , inside the app they already use every day , and speed up the work of ending the HIV epidemic , " said Dr. Husein Moloo , Co - founder and CEO of Purpose Med and Freddie . " I'm incredibly proud of what our team has built , and we're excited for this next chapter as part of Grindr . " Closing the PrEP Access Gap PrEP use among gay and bisexual men in the US is growing by roughly 10 % a year , yet most eligible men still aren't taking it . Grindr is uniquely positioned to help close that gap . Freddie addresses this opportunity with a physician - led team , telehealth capabilities , testing relationships , pharmacy operations , patient - support infrastructure , and experience operating in a regulated healthcare environment . Founded in Canada in 2020 , Freddie has since helped more than 55,000 patients in Canada and the United States access PrEP and now serves patients in all 50 US states . Freddie estimates that its patients ' PrEP use prevents approximately 385 new HIV transmissions each year , more than one per day , saving the Canadian and US healthcare systems a combined $ 270 million to $ 580 million in future treatment costs annually . One Connected Health Experience Grindr will bring Freddie and Woodwork , Grindr's performance - medication offering , together into a single Grindr Health experience . Grindr users will have the choice to : • Learn and get started : understand PrEP , review coverage , and begin an assessment . • Connect with care : meet with a clinician , arrange testing , and receive a prescription when appropriate . • Stay on care : have medication delivered , manage refills , receive reminders , and communicate with their care team . Keeping testing , refills , and support in a familiar place helps patients stay engaged with the recurring care that makes prevention effective .