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 […]
Category: Finance
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 […]
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. […]
Behavioral health dealmakers have predicted that M&A could reach a new peak in 2021, but some subsectors will see more love than others. Specifically, experts predict that demand for outpatient models and autism services providers will be especially high in the year ahead, with private equity (PE) investors fueling the fire. “I think 2021 is […]
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 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, […]
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 — 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 […]
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 […]
Broadstep purchases youth-focused behavioral operator Raleigh, North Carolina-based Broadstep Behavioral Health — a provider of community and residential services to individuals with intellectual and developmental disabilities (IDD), as well as behavioral health conditions — has announced its acquisition of the South Carolina-based residential treatment provider Excalibur Youth Services. Terms of the deal were not disclosed. […]
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