Digital health continued its tear in 2021, as the number of deals and the amount of funding in the space reached record levels. And if mental health had not already proven itself as a major engine driving activity, 2021 definitely underscored that fact. Digital startups based in the U.S. hauled in $29.1 billion over the […]
Category: New Development
Data science and health technology company Holmusk, which is building a large-scale evidenced-based platform for behavioral health, recently closed a strategic investment round. Holmusk, whose last fundraising effort was a Series A round in May 2020, received investments from new participants including Novartis (dRx Capital) and Northwell Holdings. Northwell Holdings is the investment arm of […]
Spero Health opens doors to two new locations Substance use disorder (SUD) treatment provider Spero Health has expanded its footprint with two new locations in Ohio and Virginia. Spero’s Ohio clinic is located in Akron, in the eastern part of the city, and offers in-person and telehealth services. The clinic accepts most commercial insurances as […]
The behavioral health industry’s move toward value-based care has brought with it much debate on how positive health care outcomes can be best defined. Now, one of the industry’s leading groups is undertaking efforts to do so as part of a new collaboration. The National Council for Mental Wellbeing is partnering with information technology company […]
After recently forming a joint venture (JV) with a California health system, Acadia Healthcare (Nasdaq: ACHC) is establishing another on the opposite side of the country. Acadia is partnering with Orlando Health, an Orlando, Florida-based health care organization, for its latest behavioral health JV. Under the partnership, Acadia will help manage and expand Orlando Health’s […]
Oceans Healthcare breaks ground on new hospital Oceans Healthcare is breaking ground on a new behavioral health hospital in Lubbock, Texas that is scheduled to open next fall. Oceans Behavioral Hospital Lubbock — which will provide inpatient and intensive outpatient treatment for adults and seniors — will house 32 beds and employ a staff of […]
Online mental health company Cerebral announced on Wednesday that it has raised $300 million in Series C investments, bringing the total amount raised by the company to $462 million. Funding for Cerebral’s round was led by SoftBank Vision Fund 2, which is a venture capital fund of SoftBank Group. The round also drew participation from […]
The Autism Impact Fund (AIF), which provides venture capital and private equity capital to emerging autism care companies, announced recently that it had invested in seven growth and early-stage companies. The total amount of funding provided to the companies by AIF was not disclosed. The companies receiving AIF funding included: Axial Therapeutics: A clinical stage […]
A joint venture (JV) hospital in Chula Vista, California, which is to be co-operated by behavioral health giant Acadia Healthcare (Nasdaq: ACHC), has been given the green light by city officials. The Chula Vista Planning Commission has approved the hospital, Eastlake Behavioral Health, which is a JV between Acadia and San Diego-based Scripps Health that […]
Spero Health expands footprint with three new clinics Substance use disorder (SUD) treatment provider Spero Health has opened the doors to three new facilities in the South. Two of those clinics are located in central Kentucky in the towns of Clarkson and Lebanon, both of which accept Kentucky Medicaid and a number of commercial insurance […]
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