The mental health tech space raised $5 billion and created nine new mental health unicorns in 2021, according to new data from CB Insights. The number of unicorns — companies that have a valuation of at least $1 billion — is up 150% compared to last year. They are almost all based in the United […]
The trend to value-based care in the behavioral health market continues to evolve. In late September, Wayspring announced it raised $75 million to target individuals struggling with substance use disorder (SUD). The market is ripe for innovation, as more than $90 billion is spent annually on the SUD population by Medicaid and Medicare Advantage managed […]
Accolade (Nasdaq: ACCD), a personalized health and benefits solution, has announced a new care offering for mental health through a partnership with Ginger, an on-demand mental healthcare provider. The partnership will allow Accolade’s more than 1.7 million members access to Ginger’s on-demand mental health coaching, virtual therapy and virtual psychiatry, and allow them to be […]
New Vista announced the retirement of Paul Beatrice as its CEO. Based in Lexington, Kentucky, the company is one of the largest behavioral health providers in the state and offers more than 106 programs in 55 locations. Beatrice took over as CEO in February 2014 and saw staff increase 53% to more than 2,000 workers, […]
There was a steep slowdown in mergers and acquisitions during the fourth quarter of 2019, according to new data from Irving Levin Associates. During the quarter there were 15 publicly announced transactions, down 21% from the 19 transactions in Q3 2019 and down 46% from a year earlier. “This sector has seen years of growth […]
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