New York City-based Slingshot AI has raised $40 million in capital for its mental health chatbot. Legacy investor Andreessen Horowitz led the round with participation from the Cultural Leadership Fund and a slew of angel investors. The startup is led by Neil Parikh, who co-founded sleep unicorn Casper, and is focused on building a foundational […]
Teladoc (NYSE: TDOC) is targeting mental health service expansion as part of its integrated care business. The telehealth company’s behavioral health efforts have primarily focused on its direct-to-consumer segment, BetterHelp, but that could change as its integrated care business focuses on whole-person care. “The mental health business, on the B2B side, is approximately $150 million […]
Large platform companies dominated the digital mental health landscape in 2024. These top-of-the-food-chain predators work with large customers, have impressive technology capabilities and garner serious investor dollars. These Goliaths leave small digital mental health providers, the relative “Davids” of the industry, looking for their place in the field. That’s according to Rock Health’s 2024 year-end […]
Two private equity firms and an online college have invested in Conway, Arkansas-based Pediatrics Plus. The PE firms – Leavitt Equity Partners and Fulcrum Equity Partners – and Western Governors University have invested in and partnered with Pediatrics Plus. However, the company’s founders, Todd and Amy Denton, will remain its largest shareholders and serve on […]
Amwell (NYSE: AMWL) has sold its virtual psychiatric business to clinician-to-clinician telehealth provider Avel eCare for $21 million. The deal allows Amwell and Avel to focus on their core operations, Avel’s CEO Doug Duskin told Behavioral Health Business. “[Amwell is] focusing on technology as their primary service,” Duskin said. “We’re more of a technology-enabled service […]
This is an exclusive BHB+ story From sluggish to stagnant, 2024’s behavioral health narrative has been a study in inertia. But I think the next chapter may have some more action, as private equity investors face immense pressure from limited partners to start the buying and selling process. But it isn’t just traditional PE investors […]
Wellpath’s Recovery Services division is well on its way to independence from the rest of the prison-based and outsourced behavioral health care service provider’s operations. However, these behavioral health assets aren’t going far as they change hands. Wellpath’s lender group will acquire the assets as part of a $395 million credit bid plus $14.25 million […]
This is an exclusive BHB+ story The new year is upon us. After a year of uncertainty in the substance use disorder (SUD) treatment industry, interested parties are looking for hints of what’s to come in 2025. Yet more pinnacles and valleys may be in store. Looking ahead to 2025, new treatment techniques and regulations […]
Digital health platform and investor darling Transcarent has acquired Accolade (Nasdaq: ACCD), a personalized health and benefits company that offers virtual-first integrated care, including behavioral health services. Transcarent announced on Wednesday that it would acquire Accolade for $7.03 per share in cash, a total equity value of approximately $621 million. The artificial intelligence (AI)-forward companies […]
Maturing behavioral health startups often look at three paths for scaling: de novo growth, M&A, or new partnerships. Each pathway to growth has its pros and cons. For example, acquisitions may bring new capabilities, clinicians, and a client base to the table. However, merging new companies means integrating new systems and work cultures. “[M&A] is […]
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
