Talkspace Announces Resignation of Mark Hirschhorn After Internal Review

Rhea-AI Summary

Talkspace (Nasdaq: TALK) announced the immediate resignation of President and COO Mark Hirschhorn following an internal review of his conduct during a recent company offsite. The executive team will take over his responsibilities. Talkspace is a prominent virtual behavioral healthcare provider, utilizing a secure technology platform to deliver therapy services, which have reportedly been accessed by over 2 million individuals. As of September 2021, more than 75 million lives are covered for Talkspace services through various insurance and employee assistance programs.

Positive

• Strengthened leadership with the executive team assuming responsibilities.

Negative

• Concerns regarding continuity and experience due to the sudden resignation of Mark Hirschhorn.

NEW YORK, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Talkspace, Inc. (Nasdaq: TALK), a leading virtual behavioral healthcare company, today announced the resignation of President and COO Mark Hirschhorn, effective immediately. This followed an internal review of Mr. Hirschhorn’s conduct in connection with a company offsite that took place late last week. Talkspace’s executive team will assume Mr. Hirschhorn’s responsibilities.

About Talkspace

Talkspace is a leading virtual behavioral healthcare company enabled by a purpose-built technology platform. As a digital healthcare company, all care is delivered through an easy-to-use and fully encrypted web and mobile platform, consistent with HIPAA and other state regulatory requirements.

Today, the need for care feels more urgent than ever. When seeking treatment, whether it's psychiatry or adolescent, individual or couples therapy, Talkspace offers treatment options for almost every need. With Talkspace, members can send their dedicated therapists text, video, and voice messages anytime, from anywhere, and engage in live video sessions. As of September 2021, over 2 million people have used Talkspace, and over 75 million lives were covered for Talkspace through insurance and employee assistance programs or other network behavioral health paid benefit programs.

For more information about Talkspace commercial relationships, visit https://business.talkspace.com/.
To learn more about online therapy, please visit: https://www.talkspace.com/online-therapy/.
To learn more about Talkspace Psychiatry, please visit https://www.talkspace.com/psychiatry.

Contacts

‍For Investors:
Westwicke, an ICR Company
Bob East / Asher Dewhurst / Jordan Kohnstam
443-213-0500
TalkspaceIR@westwicke.com

For Media:
Gladstone Place Partners
Steve Lipin / Felipe Ucros
212-230-5930

FAQ

What led to Mark Hirschhorn's resignation at Talkspace?

Mark Hirschhorn resigned following an internal review of his conduct during a company offsite.

Who will take over Mark Hirschhorn's responsibilities at Talkspace?

The executive team at Talkspace will assume his responsibilities.

How many people have used Talkspace services as of September 2021?

Over 2 million people have utilized Talkspace services as of September 2021.

What is the stock symbol for Talkspace?

The stock symbol for Talkspace is TALK.

What coverage does Talkspace have through insurance?

Talkspace services are covered for over 75 million lives through various insurance and employee assistance programs.