Grindr announced on Wednesday its acquisition of PurposeMed, the parent company of HIV prevention telehealth provider Freddie, for $250 million. The deal, comprising $190 million in cash and $60 million in Grindr common stock, also includes up to $70 million in additional cash consideration tied to Freddie's 2027 performance. This marks Grindr's first major acquisition since its founding in 2009, aiming to integrate healthcare services like HIV prevention into its platform and build out its LGBTQ healthcare platform Woodwork.