Integrated Behavioral Health (IBH), a provider of employee assistance programs (EAP) and behavioral health services, has acquired Claremont EAP. Financial terms of the deal were not disclosed. Irvine, California-based IBH provides managed behavioral health care and integrated employee assistance programs to employers, health plans and other organizations. Meanwhile, Alameda, California-based Claremont EAP provides employee assistance […]
Category: Finance
Discovery Behavioral Health, a portfolio company of Webster Equity Partners, has opened two new adolescent mental health centers. One of the centers will offer outpatient treatment to children and adults, at both the partial hospitalization and intensive outpatient levels of care. The other will offer residential treatment for adolescents ages 10 to 18, treating no […]
Rethink First, a behavioral health technology company, has scored a new strategic investment from K1 Investment Management LLC, a private equity (PE) firm that focuses on high-growth software and technology companies. Financial terms of the partnership were not disclosed. New York City-based Rethink First provides cloud-based software solutions, training and clinical tools to help support […]
Behavioral health care deal values spiked 900% in the second quarter of 2020 compared to Q1, with one huge private equity deal — and the coronavirus — leading the charge. The sector could continue to see a trend of higher valuations going forward. That’s according to a recent report by PricewaterhouseCoopers’ (PwC) Health Research Institute. […]
On-demand mental health care startup Ginger has raised $50 million in Series D funding, the company announced Thursday. The funding round was led by Advance Venture Partners and Bessemer Venture Partners, with contributions also coming from big names such as Cigna Ventures, Kaiser Permanente Ventures and Jeff Weiner, the executive chairman of LinkedIn. The new […]
Quit Genius, a San Francisco-based digital provider of addiction treatment services, has raised $11 million in Series A funding, the company recently announced. The money brings the company’s total funding raised up to $13.6 million, according to the fundraising tracking website Crunchbase. The round was led by British venture capital firm Octopus Ventures. Founded in […]
While the coronavirus and its economic fallout will likely slow merger and acquisition activity across all industries, behavioral health remains in a relatively good place, Kevin Taggart, managing partner at M&A advisory firm Mertz Taggart, told Behavioral Health Business. “Longer term, as the economy begins to recover, and the banks regain some of their footing, […]
In light of COVID-19, Acadia Healthcare (Nasdaq: ACHC) has temporarily suspended the sale of its U.K. business. Executives previously hinted proceeds from the sale would be used to help grow the U.S. arm of the business. While interest from potential buyers remains strong, the Franklin, Tennessee-based behavioral health provider will pause the sales process until […]
Multiple virtual behavioral health companies are offering their services to health care workers for free amid the COVID-19 crisis. Three such providers are Headspace, Orbit Health Telepsychiatry and Ginger. Headspace, a digital provider of mental wellness, mindfulness and meditation services, announced Monday that it will provide free subscriptions for the year to American health care […]
Mental health benefits manager Lyra Health will provide all Starbucks (Nasdaq: SBUX) employees and eligible family members with up to 20 sessions per year with therapists and coaches starting April 6. The Seattle-based coffee giant announced the move Monday. All sessions will be free of charge to users. Burlingame, California-based Lyra provides similar services to […]
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