Autism and behavioral health provider The Stepping Stones Group announced its plans to purchase therapeutic behavioral health company HM Therapy for an undisclosed sum. Founded in 2006 HM Therapy is focused on providing pediatric behavioral health services. The California-based company is able to offer care in a variety of settings including in the home, in […]
Despite the uptick in tele-behavioral health adoption during the pandemic, in 2021 emergency departments continued to see a rise in volume for mental health conditions. “Based upon fundamental economic principles, telehealth is only a viable ‘substitute good’ for behavioral health,” Chief Research and Market Strategy Officer Sanjula Jain wrote in a new report from Trilliant […]
Digital emotional support startup Circles has raised $16.5 million in Series A funding. Zeev Ventures led the round with participation from Lior Ron, Head of Uber Freight, NFX, Flint Capital and Sir Ronald Cohen. The New York-based company was founded in 2020 by Irad Eichler and Dan Landa. The subscription platform was designed to help […]
The money – and the bulk of the patient population – is not in luxury substance use disorder (SUD) programs. Instead, state funded and affordable programs are where the majority of patients are accessing services for SUD treatment, with private equity firms taking note. Operators looking to scale their businesses need to be cognisant of […]
Greenbrook TMS Inc. (NASDAQ:GBNH) is set to acquire Transcranial Magnetic Stimulation (TMS) company Success TMS. As part of the deal Success’ owners will receive 11.9 million shares of Greenbrook’s stock, worth roughly $27.3 million. Greenbrook will pick up 45 active TMS centers as part of the acquisition, bringing its total footprint to 191 active TMS […]
Monument has purchased fellow digital alcohol recovery program Tempest for an undisclosed sum. The deal will give Monument access to Tempest’s resource library and community programming tools. The transaction is expected to help Monument expand its personalized and holistic care, according to a release. “Tempest’s commitment to changing the narrative around alcohol use disorder through […]
Hybrid mental health care provider Handspring Health has announced a $6.2 million seed funding round. Newark Venture Partners and NextView Ventures led the funding round with participation from 25madison Ventures, Arkitekt Ventures, Quantum Angels, and other healthcare operators. The New Jersey-based startup is focused on caring for pediatric behavioral health needs. Families can access care […]
Behavioral health provider Pathways Health and Community Support, LLC has announced its purchase of West Virginia-based Psychological Assessment & Intervention Service, Inc (PAIS) for an undisclosed sum. The deal is expected to help Pathways grow its geographical reach to West Virginia. PAIS has seven regional offices and clients in 29 counties in the state. “West […]
Merger and acquisition activity in the mental health space hit a sequential all-time high in the first quarter of the year. At least 26 mental health deals closed in the first three months of 2022, nearly doubling the previous record high of 16 set in the fourth quarter of 2021, according to data from the […]
LifeStance Health Group Inc.’s management has made it clear that it is not subject to the same sustainability woes as competitors in the telehealth-only or digital mental health space. Michael Lester, LifeStance Health CEO and co-founder, went even further, saying on the May 9 first-quarter earnings call the company has several advantages over the competition […]
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