Pear Therapeutics Scores $80M in Latest Funding Round

Pear Therapeutics has raised $80 million in Series D funding, the digital therapeutics provider announced Tuesday. The new financing adds on to the $134 million in funding the company has already raised.  SoftBank’s Vision Fund 2 led the latest funding round, with additional participation from new and existing investors. New participants include Forth Management, Pilot […]

Pipeline: Caravel Plants Flag in New State; Avenues Recovery Adds Ninth Residential Facility

Caravel Autism Health expands into new state Caravel Autism Health is adding its first location in the state of Iowa. The new autism therapy center is set to open in Davenport later this month.  Backed by the private equity and venture capital firm Frazier Healthcare Partners, Caravel is a Midwestern autism services provider that specializes […]

Transactions: BayMark’s Latest Acquisition; Pharos Capital’s Platform Grows Autism Footprint

BayMark acquires Limestone Health BayMark Health Services, one of the nation’s largest medication-assisted treatment (MAT) companies, has acquired Limestone Health, an Indiana-based opioid treatment provider (OTP). Financial terms of the deal were not disclosed. Headquartered in Lewisville, Texas, BayMark is a private equity-backed provider of MAT services for opioid use disorder (OUD). Owned by Webster […]

Pipeline: Spero Health Adds 16th Location of 2020; Monte Nido Expands in Georgia

Spero Health continues aggressive 2020 growth trajectory Spero Health has opened a new addiction treatment clinic in Hopkinsville, Kentucky. It’s the 16th new facility the Nashville-based company has added so far this year.  Spero Health is one of the largest office-based opioid treatment providers (OTPs) in the country, with more than 45 clinics across Kentucky, […]

RCA Sees 300% Patient Growth, Continues Its Expansion Across U.S.

For many behavioral health organizations, the coronavirus has increased costs while decreasing revenues. Social distancing protocols have made things especially difficult for residential providers, forcing many to reduce their censuses, even amid heightened demand for services. But for Recovery Centers of America (RCA) — a private equity-backed substance use disorder (SUD) treatment provider — the […]

Amwell CEO Hints at Acquisition of Behavioral Health Startup

Amwell (NYSE: AMWL), one of the nation’s largest telehealth companies, could be in the market to acquire a behavioral health startup, according to Business Insider.  Based in Boston, Amwell connects patients with doctors via secure video connection. The company, formerly known as American Well, has thrived amid the pandemic, which has made virtual visits a […]

M&A Stakeholders Say These Factors Are Non-Starters for Buyers Eying SUD Providers

M&A experts predict 2021 will be filled with behavioral health deals, as investors and strategic buyers have fewer viable targets to chase in other industries.  But not every provider is created equal, especially in the substance use disorder (SUD) space. To be an attractive acquisition target, providers must prioritize clinical care, utilize robust internal compliance […]

Behavioral Benefits Provider Spring Health Snags $76M

Spring Health — a behavioral health benefits provider — has snagged $76 million in Series B financing, bringing the company’s total funding raised up to $106 million. Based in New York, Spring Health offers employers a comprehensive solution that connects their workers with mental health clinicians and resources. The startup bills itself as the front […]

Therapist Matching Startup Headway Raises $26M

Headway, a startup that helps people find therapists that accept their insurance, has raised $26 million in Series A funding. That brings the company’s total funding raised up to about $33 million.  Since its founding in 2019, Headway has helped tens of thousands of patients find therapists and book appointments. It currently works with about […]