CVS Health (NYSE: CVS) is leaning into its health services efforts, which include several behavioral health programs. Part of that means reprioritizing which parts of the business to grow, contributing to CVS cutting thousands of corporate jobs this week. Specifically, CVS is doubling down on integrating its newly acquired assets, home health company Signify and […]
Behavioral health was not immune from the dip in dealmaking in the first half of 2023. Deals in the behavioral health sector were down 33% in the first half of 2023, according to new data by M&A advisory firm The Braff Group. In the first half of the year, there were 75 behavioral health deals, […]
Digital behavioral health company Headspace has announced a $105 million debt financing round from Oxford Finance. The Los Angeles-based mental health provider said the new financing will enable it to be opportunistic in investing in areas where there is a market need. “For instance, we’re hearing demand from our customers, health plan partners, and members […]
Virtual behavioral health provider UpLift has announced a $10.7 million Series A funding round led by Ballast Point Ventures. This brings the Tampa, Florida-based company’s total round to over $22 million. The company said the infusion of capital will fuel its expansion into additional states. It currently provides care in the District of Columbia, Florida, […]
Digital substance use disorder provider Affect Therapeutics has raised $16 million in Series A funding. ARTIS Ventures led the round with participation from AlleyCorp, CityLight, LifeArc Ventures, Samsung Next and What If Ventures. The company’s total raise comes to roughly $23 million, according to Crunchbase. Founded in 2020, Affect Therapeutics provides virtual substance use disorder […]
Digital health funding in 2023 is on track to dip to pre-pandemic levels, which could impact the virtual behavioral health industry. Health tech companies raked in $6.1 billion in the first half of 2023, according to a new report by Rock Health. That’s less than half of 2022’s $15.3 billion total and less than a […]
Dungarvin Inc. has acquired three intellectual and developmental disability (IDD) care entities based in Minnesota and Wisconsin. The Mendota Heights, Minnesota-based IDD services provider announced Thursday that it acquired Bridges MN, Bridges WI and Rumi. Founder and President Blake Elliott and Vice President Bach Parker lead all three companies. The terms of the deal were […]
Despite the growing demand for behavioral health care, the bulk of payers are not accounting for related services as part of their forward-looking pricing. That’s according to a recent report by PwC Health Research Institute, which found that payers’ behavioral health costs remain relatively lower than their other medical costs. Looking ahead, this suggests most […]
Applied behavioral analysis provider Autism Behavioral Institute (ABI) has landed revenue-based funding from Decathlon Capital Partners. The terms of the deal were not disclosed, but the provider characterized it as a “significant investment.” The new capital is expected to help ABI expand into new markets and support adding new payer partners. The Charlotte, North Carolina-based […]
Florida-based private equity firm Comvest Partners has acquired mental health and substance use disorder (SUD) provider Your Behavioral Health. The terms of the deal were not disclosed. Your Behavioral Health provides services to adults and teens across 17 locations in Southern California. Its services include psychiatric care, mental health treatment, SUD treatment and sober living. […]
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