Amwell (NYSE: AMWL) has sold its virtual psychiatric business to clinician-to-clinician telehealth provider Avel eCare for $21 million. The deal allows Amwell and Avel to focus on their core operations, Avel’s CEO Doug Duskin told Behavioral Health Business. “[Amwell is] focusing on technology as their primary service,” Duskin said. “We’re more of a technology-enabled service […]
Category: Inside the C-Suite
Peer support startup Fello is angling to become the “Uber” of mental health and substance use disorder (SUD) support. The company, led by a former Uber Eats executive, raised $10.4 million earlier this month from investors including 62Ventures, The Capital Factory Fellowship Fund, Katalyst Capital and Offline Ventures. CEO Alyssa Pollack compared the platform, launched […]
The eating disorder treatment sector has transformed dramatically in the past few years, with 2025 poised to bring further disruption through virtual care expansion, market consolidation and evolving patient needs. This evolution is occurring on the heels of a string of notable eating disorder treatment facility closures in 2023 and 2024. Despite the shuttering of […]
After a relatively quiet 2024, executives expect to see some changes in the behavioral health industry next year. For starters, M&A, which was relatively slow in 2024, is set to pick up as a new administration that many have dubbed more “business friendly” takes the reins. While this consolidation will likely look different from the […]
Addiction Treatment in 2024: Navigating Privacy Challenges, Telehealth Shifts, Reimbursement Reforms
The landscape of substance use disorder (SUD) treatment in 2024 was a tapestry of challenges, technological disruptions and unexpected breakthroughs. A staggering data leak exposed the personal information of 100 million patients. Economic pressures forced some SUD providers to retreat from certain state markets, and long-anticipated regulatory changes were once again delayed, leaving the industry […]
Last year, Ozempic took the weight loss industry by storm; could the substance use disorder industry be next? It’s possible, according to some industry insiders. But that’s not the only trend likely to shape 2025. New drugs, technologies, payer trends and care models set the stage for 2025 to be a transformative year for the […]
JoyBridge Kids has its eyes on the autism industry’s Holy Grail: a harmonious marriage of clinical services and operations. Mount Juliet, Tennessee-based multidisciplinary autism therapy company’s founders started a company intending to “offer the highest quality care, first and foremost,” JoyBridge Kids CEO and President Mike Cairnes told Behavioral Health Business. The company was founded […]
Eating disorder provider Alsana has tapped Jordan Watson as its new CEO, marking a rapid leadership transition less than a year after Allan Benham’s appointment to the role. Watson worked for Alsana from 2017 to 2022, most recently as the company’s chief growth officer. He has also worked for eating disorder provider Monte Nido and […]
Private equity-backed Newport Healthcare has named a new CEO. Brian Setzer, an ex-Walmart executive, will succeed Joe Procopio, effective Dec. 9. Procopio is retiring but will take up the role of chairman of the board for Newport Healthcare. He has held the CEO title since June 2019, when the company was known as Newport Academy. […]
Mental health and well-being provider Kyan Health announced $16.7 million in funding on Tuesday, including a previously unannounced $4 million seed round and a $12.7 million Series A round. Kyan Health will use the funds to expand globally, including in the U.S., beginning in 2026. The company also plans to enhance its AI-powered platform and […]
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