New Funding Allows for Massive Expansion of CCBHCs

The number of certified community behavioral health clinics (CCBHCs) nationwide just skyrocketed thanks to a slew of newly released grants from the Substance Abuse and Mental Health Services Administration (SAMHSA). This week SAMHSA awarded CCBHC grants to 134 clinics, bringing the total number of CCBHCs nationwide up to 340 — an increase of nearly 50% […]

Alma — A Startup to Support Behavioral Health Providers — Raises $28M

Alma, a membership-based network for behavioral health providers, has raised $28 million in Series B funding, the company announced Tuesday. The round was led by Insight Partners, with participation from existing investors BoxGroup, Primary Venture Partners, Rainfall Ventures, Sound Ventures and Tusk Venture Partners. Optum Ventures, a first-time Alma investor, also participated. The latest round […]

Odyssey Behavioral CEO Shares Growth Strategy, Eyes Expansion to Tackle Treatment Gaps

In the past two months alone, Odyssey Behavioral Healthcare has opened two new outpatient centers, acquired an eating disorder treatment provider and created and filled a new executive-level position. That’s only a fraction of the activity the mental health care provider has logged in past year: In 2020, the company also purchased a myriad of […]

Telebehavioral Health Provider TimelyMD Receives $60M Investment

TimelyMD, a Fort Worth, Texas-based provider of telebehavioral health services for college students, has received a $60 million investment from JMI Equity, a growth equity firm specializing in the investment of software companies. The investment brings the company’s total funding raised thus far raised up to $65.7 million, according to the fundraising tracking site Crunchbase. […]

Transactions: Aware Recovery Care Scores PE Investment for In-Home Addiction Model; SUD Providers Merge

PE Firm Health Enterprise Partners invests in Aware Recovery Care Aware Recovery Care, an in-home addiction treatment provider serving residents primarily in New England, has received a private equity investment from the growth equity firm Health Enterprise Partners. Details of the investment were not disclosed. Based in Wallingford, Connecticut, Aware Recovery serves patients across Connecticut, […]

Mental Health Care Benefits Provider Lyra Health Raises $187M

Mental health care benefits provider Lyra Health has raised $187 million in Series E funding, the company announced Friday, bringing its total funding raised up to about $480 million. The latest round was led by the venture capital firm Addition. New investors Durable Capital Partners, Fidelity Management & Research Co. and Baillie Gifford also participated, […]

Wellness Real Estate Partners Hungry for Quality Behavioral Health Investments

As the demand for behavioral health services increases, so does the number of investors looking to get into the space. One up-and-coming area of interest is behavioral health real estate. While behavioral real estate hasn’t always been a big source of investment, slowly, companies have started to partner with providers to purchase the facilities in […]

Concert Health Raises $14M to Integrate Behavioral Health into Primary Care Settings

Concert Health — a virtual behavioral startup focused on collaborative care — has raised $14 million in Series A funding, bringing the company’s total funding raised to just under $17 million to date.  The funding round was led by Vertical Venture Partners with participation from Town Hall Ventures, Silicon Valley Bank and early investors.  Concert […]

Digital Behavioral Startup Hurdle Raises $5 Million to Help Underserved Communities

Hurdle, a digital behavioral health startup that specializes in treating underserved communities, has raised $5 million in seed funding. Seae Ventures and 406 Ventures led the funding round, with additional participation from F-Prime Capital Partners, according to a press release announcing the news. Hurdle, which was formerly Henry Health, was founded in 2018 with a […]