Brightline Lands $105M Funding Led by KKR, Reportedly Valued at $705M

Youth telebehavioral health company Brightline announced Tuesday that it has raised $105 million in a Series C funding round led by global investment firm KKR. The Palo Alto, California-based company now has raised over $200 million and is valued at $705 million, Bloomberg reported on Tuesday. Also participating in the round are existing investors GV […]

Fresh Off Launching Mental Health Services, Telehealth Platform Antidote Secures $22M

Antidote Health, a telehealth platform that offers mental health services along with primary care and other services, has completed a Series A funding round in which it raised $22 million. Funding for the New York-based company was led by third-time investor iAngels, Group 11 and Flint Capital. The company previously raised $12 million in seed […]

Virtual MAT Provider PursueCare Launches Hybrid Care Services in Pennsylvania and New Jersey, More States Planned

Virtual medication-assisted treatment (MAT) provider PursueCare is branching out into hybrid care as it has launched outpatient services in Pennsylvania and New Jersey. Middletown, Connecticut-based PursueCare is rolling out the outpatient services along with virtual care at the locations. The company – which to date has raised $12.8 million – has begun offering outpatient assistance […]

SilverCloud Health Unveils New Suite of Behavioral Health Offerings for Families and Youth

Mental health services platform SilverCloud Health is rolling out a suite of offerings to address family health concerns, which comes in the wake of the pandemic and global events. The six-course suite features programs, content and interactive tools that incorporate integrated cognitive behavioral therapy. The suite was piloted through Fountain Valley, California-based MemorialCare, a Los […]

SAMHSA to Provide Over $300M in Mental Health, SUD Treatment Funding for CCBHCs

The U.S. Department of Health and Human Services (HHS) is making an estimated $312 million package available to increase access to mental health care and substance use disorder (SUD) treatment. The funding will be dispersed through the Substance Abuse and Mental Health Services Administration (SAMHSA) and will include mental health assistance such as 24-hour mobile […]

Mindpath Health Purchases PCSD as it Expands California Presence

Mindpath Health is deepening its footprint in its California backyard, as the Sacramento-based behavioral care provider announced Wednesday that it has purchased Psychiatric Centers at San Diego (PCSD). PCSD – which was founded in 1972 – bills itself as one of the nation’s largest and oldest private practice behavioral health groups, offering various care modalities […]

Talkspace Unveils App Designed to Help Parents for $30 per Month

Talkspace Inc. (Nasdaq: TALK) is debuting a new app that offers parents various caregiving resources to help them with their children’s care. The Lasting Parenting Guide is being offered by self-guided therapy app Lasting from Talkspace, and features over 100 sessions that blend care modalities and activities including psychoeducation, reflections, exercises and journaling. Licensed therapists […]

Inside the Equip and Aetna Partnership to Bring an Outcomes-Based Approach to Eating Disorder Treatment

Since its founding in 2019, virtual provider Equip has been doing its part to help stem the tide of eating disorders. Now, after having proved its outcomes-based treatment approach to insurer Aetna, the two companies are partnering to offer services to plan beneficiaries.  Aetna – which is owned by pharmacy giant CVS Health (NYSE: CVS) […]

Over 500K Individuals Are on I/DD Waitlists, Calls for Better Worker Compensation to Close Services Gap

Reimbursement and support for intellectual and developmental disabilities (I/DD) services had long been problematic, and a new report asserts that the pandemic has only made things worse, as more people than ever are on waiting lists for I/DD services. The ANCOR Foundation – which represents over 1,800 I/DD provider members – and United Cerebral Palsy […]