Sword Health is consolidating AI-first care.
What’s happening: The digital health company acquired German MSK care platform Kaia Health for $285M, scaling virtual, outcomes-driven care to new markets.
MSK+. Founded on pain management and musculoskeletal rehab, Sword shifted to AI-enabled multispecialty care, adding verticals for mental health and women’s pelvic health.
Raising capital as US competitors Omada and Hinge IPOed, Sword reached a $4B valuation, eclipsing 500K members and 1K employer partners — including the Greek government.
World tour. With Kaia, an MSK competitor and pulmonary rehab provider, Sword expands its US base while gaining access to 70M people in Germany’s digital health reimbursement pathway.
Just the beginning, CEO Virgílio Bento told Bloomberg he’s seeking to raise $500M to finance additional acquisitions in the US and Europe in H1’26.
New age. From reimagined primary care to lab-decoding assistants and diagnostics-led lifestyle medicine, AI is supercharging healthcare — and no specialty is off-limits.
Looking ahead: Applying its scalable, clinically proven model to other stated targets like cardiac and gut health, Sword is assembling the operating system for integrated digital healthcare.
