The $3bn merger of meditation app developer Headspace and digital mental health services provider Ginger would present a new path for a plethora of corporate investors.

Headspace, the US-headquartered meditation app developer that counts several corporates as investors, has agreed to merge with US-based, corporate-backed mental healthcare app provider Ginger.

The combined business will be called Headspace Health and will aim to provide a comprehensive digital platform for mental health and wellbeing services. It will be valued at $3bn, according to TechCrunch.

Russell Glass, chief executive officer of Ginger, will become the CEO of Headspace Health, while CeCe Morken will retain her position as CEO of…