Discovery Behavioral Health (DBH) is rolling out a new integrated division that combines traditional, telehealth and specialized outpatient services to treat depression and substance use disorders (SUDs). DiscoveryMD is the fourth division of Los Alamitos, California-based DBH, which operates over 130 centers in 13 states for mental health, SUD and eating disorder treatment. DiscoveryMD will […]
Category: New Development
Nonprofit health plan CareSource has announced a partnership with value-based addiction treatment company Wayspring to launch an in-home care program for substance use disorder (SUD). The program – which is billed as the first of its kind – will initially be rolled out in Indiana and will be available to Medicaid enrollees in 25 counties […]
BetterHelp – the direct-to-consumer mental health platform owned by Teladoc Health Inc. (NYSE: TDOC) – posted a strong performance in 2021, as it pulled in $700 million in global revenue. Billed as the world’s largest online therapy service, BetterHelp’s 2021 revenue figures were a record high for the platform – which was purchased by Teladoc […]
Hurdle Health, a digital behavioral health platform aimed at providing culturally-intentional services, has announced that it has expanded its availability into Texas, Massachusetts and California – with more states planned for the second quarter of 2022. The Washington, D.C-.based platform – which last year raised $5 million in funding – was originally founded in 2018 […]
Investment firm SBJ Capital has announced that it has completed a partnership arrangement with Ally Pediatric Therapy, a Paradise Valley, Arizona-based provider of speech and autism therapies to children and young adults. Ally operates six locations in the greater Phoenix area for youth with speech, communication and feeding challenges. Ally provides speech language therapy and […]
Behavioral health services provider Oceans Healthcare has launched a new capital partnership with Webster Equity Partners to accelerate its growth even further. Headquartered in Plano, Texas, the company operates 33 locations in Texas, Louisiana and Mississippi, which includes 23 inpatient hospital campuses and 20 intensive outpatient programs. Founded in 2004, Oceans initially targeted services to […]
After a busy 2021 opening new facilities, Hopebridge Autism Therapy Centers has big plans on the service front as well for this year. Indianapolis-based Hopebridge, which is one of the nation’s largest providers of autism care services, announced Wednesday that it is planning to open up to 40 new clinics nationwide in 2022. The expansion […]
Little Otter, a digital mental health platform for children and families, has completed an oversubscribed Series A round in which it raised $22 million. CRV was the lead investor in Little Otter’s round, which included participation from Torch Capital, Vast Ventures, Hinsdale, Boxgroup, _able, G9 and Springbank Collective. Carrie Penner Walton, who is the granddaughter […]
Digital platform Mantra Health, which tailors mental health services to the higher education population, has raised $22 million in a Series A funding round led by VMG Partners. Other participants in the round included Canaan Partners, Global Founders Capital, Baleon Capital, Western Tech Investments and City Light Capital, all of whom have previously invested in […]
Revelstoke Capital Partners and Canadian-based Caisse de dépôt et placement du Québec (CDPQ) have completed a recapitalization of an affiliate of Crossroads Treatment Centers. Greenville, South Carolina-based Crossroads Treatment Centers operates over 115 clinics across 10 states for substance use disorder (SUD) and mental health, reaching more than 26,000 lives deemed as being at-risk. Revelstoke […]
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