Boston-based InStride Health has launched with $26 million in new capital to expand its virtual pediatric behavioral health company. The launch comes as the spotlight on the mental health needs of children and young adults grows steadily brighter. Valtrius, .406 Ventures and Mass General Brigham Ventures participated in this new funding round. The former, Valtrius, […]
Category: Finance
BayMark Health Services Inc. announced Friday the acquisition of Fritz Clinic, a group of six office-based opioid treatment (OBOT) programs based in Central and Northern Alabama. The Lewisville, Texas-based substance use disorder (SUD) treatment provider deepens its presence in Alabama with the deal; its website lists four existing locations in the state. BayMark Health made […]
Behavioral health providers largely opt to lease real estate instead of buying it in order to maximize capital going into operations. That’s where investors often say they can get the most return for their investment, and where providers say they can best address patient needs. This happens to such a degree that the behavioral health […]
Methadone management startup Sonara has raised $3 million in venture funding from First Trust Capital Partners and Blue Cross Blue Shield of Kansas. The company – backed by a well-known “shark” investor – was created in order to enable patients to take their methadone dose at home, as opposed to going to a methadone clinic […]
Update: A new SEC filing reveals that Grow Therapy raised $50.2 million in equity financing. The story has been updated to reflect this amount. Tech-backed mental health startup Grow Therapy has scored $80.2 million in Series B funding to expand its insurance coverage across the country. This comes roughly a year after the New York-based […]
Bicycle Health, a virtual medication assisted treatment (MAT) provider, added an additional $5 million to its $50 million Series B raise. This brings the Boston-based provider’s total raise to $83 million. Cobalt Ventures, the strategic venture arm of Blue Cross and Blue Shield of Kansas City, invested the additional funding. Bicycle Health was founded in […]
Digital mental health unicorn Lyra Health is expanding its teen behavioral health offerings. The expansion comes as the nation shines a brighter spotlight on youth mental health challenges. Lyra’s employer behavioral health benefits platform will now help teens match with specialized mental health providers. Teens will have access to video-based therapy and between-session digital exercise, […]
The behavioral health market may see another active investor bringing private equity to the space. Summit, New Jersey-based Concord Health Partners announced Monday the final close of a $150 million fund focused on growth-stage companies that either have innovative technologies or improve care access, improve quality or lower costs. The fund is called Concord Innovation […]
Behavioral health inequities have led to a wave of premature deaths and, in turn, a large cost burden for the U.S. health care system. In fact, the cost burden of premature behavioral health-related deaths in the Black, Indigenous and people of color (BIPOC) community was $278 billion alone between 2016 and 2020. That’s according to […]
GV, previously Google Ventures, has been an active investor in behavioral health over the last decade. The firm is now eying serious mental illness (SMI) and value-based care as its next frontier. In 2021, digital mental health companies raised $5.5 billion in venture dollars – an unprecedented amount. Yet historically, the bulk of digital health […]
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