Transactions: BayMark Company Buys OTP Provider; Community Psychiatry’s Latest Acquisition

Community Psychiatry purchases Harbor Psychologist Community Psychiatry — an growing outpatient behavioral health provider — has announced acquisition of Harbor Psychologist, Inc — which provides a range of psychiatric and psychological services to children and adults. Terms of the deal were not disclosed. Headquartered in Sacramento, Community Psychiatry provides a variety of virtual and in-person […]

Pear Therapeutics Scores $20M

Pear Therapeutics, a manufacturer of digital therapeutics for conditions such as addiction, has raised $20 million in a Series D funding round. Boston-based Pear announced the news Monday. The announcement comes after the company completed an initial Series D funding round in December, raising $80 million. An undisclosed investor, which Pear referred to in a […]

Employee Wellness Unicorn BetterUp Raises $125M to Expand Behavioral Coaching

BetterUp, a virtual coaching and counseling platform for employees and businesses, has raised $125 million in a Series D funding round, bringing the company’s valuation up to $1.73 billion. Funding for the latest round — which the San Francisco-based wellness unicorn announced Thursday — was led by ICONIQ Growth. Lightspeed Venture Partners, Plus Capital and […]

Lyra Adds New Self-Guided Offerings As Employee Mental Health Continues to Worsen

Lyra Health, a digital behavioral health unicorn that helps employers connect workers with mental health services, has added new preventative, self-guided solutions to supplement its current offerings.  The Burlingame, California-based company has mostly built its business around using intelligent matching technology to pair members with services available to and best suited for them. It partners […]

Ginger Partners with Capsule to Provide Same-Day Medication Delivery

Ginger, a virtual behavioral health care system, has teamed up with Capsule, the nation’s largest independent digital pharmacy, to give members access to same-day mental health medication delivery.  The medication management partnership is designed to improve convenience and safety for Ginger’s members, who previously had to go to a brick-and-mortar pharmacy or use their health […]

Propelled by Events of 2020, Hurdle Fills Cultural Gaps in Behavioral Treatment

For many individuals in traditionally underserved communities, getting behavioral health assistance is a major issue. This is especially true for Black men, who are prone to anxiety and depression due to the disproportionate levels of discrimnation they face, but who are less likely than other groups to receive assistance because of stigma and a lack […]

SilverCloud Partners with Cerner EHR, Moves to Make Digital Mental Health Treatment Mainstream

SilverCloud Health recently teamed up with Cerner Corporation to give more people better access to on-demand, personalized mental health tools and treatment. As part of the partnership, SilverCloud will integrate its platform into Cerner’s electronic health record (EHR). The goal of the agreement is to scale mental health treatment, lower the cost of care and […]

Behavioral Unicorn Lyra Health Eyes More Corporate Customers, Continued Growth in 2021

As COVID-19 continues to wreak havoc on the economy, funding for digital behavioral health companies has remained robust, largely because the nation’s mental health has worsened amid the pandemic. For Lyra Health, a mental health care benefits startup with unicorn status, not only has the company weathered the headwinds of the economic downturn, but thrived […]