Earlier in March, rumors swirled that applied behavior analysis (ABA) software company CentralReach was on the market and seeking a $1 billion valuation. Those rumors have quickly turned into reality. Roper Technologies Inc. (Nasdaq: ROP) announced Monday that it has reached a definitive agreement to buy CentralReach from Insight Partners for a net purchase price […]
Technology giant Apple (Nasdaq: AAPL) announced that it is narrowing in on the intersection of technology, physical health and mental health. The Cupertino, California-based company announced on Wednesday that it is launching a new study in collaboration with Brigham and Women’s Hospital to investigate technology’s role in improving physical health, mental health and “overall wellbeing.” […]
Behavioral health technology company Eleos raised $60 million, bringing its total funding to over $120 million. Greenfield Partners led the Series C round with participation from F-Prime Capital, Eight Roads, Menlo Ventures, ION, Michael & Susan Dell Foundation, Union Tech Ventures and Centerstone. The company plans to use the cash infusion to expand its product […]
Digital health company DarioHealth (Nasdaq: DRIO) has raised $25.6 million through the private placement of convertible preferred stock. Dario, which offers behavioral health care, among other services, plans to use the funds to achieve its goal of being cash flow positive by the end of 2025, according to the company. “Today, we are happy to […]
This is an exclusive BHB+ story Robots in autism therapy could play a critical role in supporting patient development. But don’t expect to see too many of these showing up in homes or clinics any time soon. Accelerating tech advancements, the increasing rate of autism diagnosis in America and structural challenges within the autism therapy […]
Large platform companies dominated the digital mental health landscape in 2024. These top-of-the-food-chain predators work with large customers, have impressive technology capabilities and garner serious investor dollars. These Goliaths leave small digital mental health providers, the relative “Davids” of the industry, looking for their place in the field. That’s according to Rock Health’s 2024 year-end […]
One of the largest substance use disorder (SUD) treatment providers in the U.S. announced patients’ records were exposed during a data breach last fall. BayMark Health Services, which treats over 70,000 patients daily, announced on Friday that an “unauthorized party” disrupted the company’s IT systems and accessed files containing patients’ personal and medical data. The […]
Digital health platform and investor darling Transcarent has acquired Accolade (Nasdaq: ACCD), a personalized health and benefits company that offers virtual-first integrated care, including behavioral health services. Transcarent announced on Wednesday that it would acquire Accolade for $7.03 per share in cash, a total equity value of approximately $621 million. The artificial intelligence (AI)-forward companies […]
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 […]
Limbic, raised $14 million in March to expand into the U.S. market. Now it has done so. The London-based mental health artificial intelligence (AI) company has clinched a partnership with the nonprofit behavioral health system Rogers Behavioral Health. Through the deal, Rogers Behavioral Health is changing its “front door” screening system from primarily phone-based to […]
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