Group Therapy Startup Real Raises $10M

Real, a digital group therapy startup, has raised $10 million in Series A funding. Lightspeed Venture Partners led the round, along with other existing and new investors, some of which include soccer star Megan Rapinoe and Minnesota Vikings linebacker Erik Kendricks. Actress Gwyneth Paltrow has also previously invested in the company. Founded in 2019, Real […]

Behavioral Provider Pays $273K to Settle Improper Billing Allegations

A Hartford, Connecticut-based behavioral health care practice and its owners have agreed to a civil settlement with federal and state governments to settle allegations they improperly billed Medicaid. The U.S. Department of Justice (DOJ) announced Tuesday that Maurice Stuckey and Joyce Anderson, as well as their company Today’s Youth LLC, will pay $273,000 to resolve […]

Behavioral Home Health Company ViaQuest Scores PE Investment from Council Capital

ViaQuest — a Dublin, Ohio-based provider of intellectual and developmental disabilities (IDD), behavioral health and hospice services — has received an equity investment from Council Capital, a health care-focused private equity firm. Terms of the investment were not announced. Operating in Ohio, Indiana and Pennsylvania, ViaQuest provides residential, day and employment services to individuals with […]

Pipeline: New Projects for Acadia, UHS; SUD Providers Expand Reach

Acadia forms JV with Geisinger Acadia Healthcare (Nasdaq: ACHC) has formed a joint venture (JV) with Danville, Pennsylvania-based Geisinger Health System to build two new inpatient behavioral health facilities. The companies are putting a combined total of about $80 million toward the projects. The first of the two facilities will open next year in Moosic, […]

Movers & Shakers: Autism Provider Hires New CEO; Happify Health Fills CFO Role

Happify Health adds investment banking veteran to management ranks New York-based digital behavioral health provider Happify Health has named Bilal Khan as its chief financial officer. Khan comes to Happify Health from Goldman Sachs, where he was vice president of investment banking for the firm in the San Francisco area, specializing in digital health care […]

CVS Prepares to Launch Behavioral Pilot in 34 New Locations

Pharmacy giant CVS (NYSE: CVS) is releasing more details about the behavioral pilot program it’s rolling out at select HealthHUB locations. Behavioral Health Business first highlighted the pilot in mid-March, shortly after CVS released its annual Health Trends Report and highlighted the ongoing mental health crisis as a factor likely to define health care in […]

Happify Health’s Gaming-Inspired Mental Health Model Aims to Improve Engagement, Treatment Access

Many companies in the digital behavioral health space pride themselves on being disruptors of the industry, promising efficient delivery of services through virtual means as opposed to the traditional, brick-and-mortar way of business, which often presents roadblocks to care. If you ask the leaders at Happify Health, though, they’ll say they take things one step […]

Behavioral Tech Company Empower Community Care Snags PE Investment from Northlane Capital Partners

Empower Community Care, an Atlanta-based company that provides behavioral health services and technologies to vulnerable populations, has received an investment from the middle market private equity firm Northlane Capital Partners (NCP). NCP’s investment was made in partnership with Empower’s existing management team, led by co-CEOs Josh Glade and Logan Greenspan, as well as co-founder Keller […]