Movers & Shakers: Centerstone’s New CEO Hire; C-Suite Additions at Spring Health, Hurdle

Hurdle fills VP, C-suite positions Digital mental health provider Hurdle has hired Krystle Herbert as its vice president of clinical affairs. In the role, Herbert will be responsible for overseeing and supporting clinical operations, clinical policy development and compliance, as well as clinical quality care and organizational scaling efforts. Herbert was most recently the COO […]

Cigna Becomes First Insurer to Offer Ginger’s Coaching Services as In-Network Benefit

The on-demand, virtual behavioral health care provider Ginger has reached an agreement with Cigna to bring its full platform to the insurer’s behavioral health customers nationwide. Ginger announced the news Thursday. The agreement covers 14 million Cigna customers who have employer-sponsored or individual and family insurance plans (IFP). Under the partnership, those beneficiaries will be […]

Virtual MAT Provider PursueCare Nets $7M

PursueCare — a Middletown, Connecticut-based provider of virtual medication-assisted treatment (MAT) services — has raised $7 million in an oversubscribed Series A2 funding round led by OCA Ventures, Seyen Capital, Wasabi Investors and other health care investors. The round brings PursueCare’s total funding raised up to $12.8 million, according to the fundraising tracking website Crunchbase. […]

Virtual OUD Treatment Provider Ophelia Scores $15M

Ophelia, a New York-based provider of virtual opioid use disorder (OUD) treatment services, has landed $15 million in Series A funding. The round, which the company announced Thursday, was led by Menlo Ventures. Other investors include Y Combinator, General Catalyst and Refactor Capital, as well as the founders of Harry’s, Warby Parker, PillPack, Allbirds, Carbon […]

Meru Health Eyes National Expansion of Its Holistic Mental Health Offering

Meru Health — a comprehensive mental health solution that’s won partnerships with some of the nation’s largest insurers — has its sights set on national expansion, new partnerships and additional offerings. Meru works with employers and major health insurance companies such as Cigna, Humana and, most recently, Moda Health to provide mental health care for […]

Ginger Plots Course to Grow Value-Based Business, Break into Medicaid

Ginger, the on-demand virtual behavioral health care system with a $1.1 billion valuation, recently raised $100 million in a Series E funding round led by funds managed by Blackstone Growth. But even more notable than the financing itself is what Ginger plans to do with it — from diving deeper into value-based care to building […]

Group Therapy Startup Real Raises $10M

Real, a digital group therapy startup, has raised $10 million in Series A funding. Lightspeed Venture Partners led the round, along with other existing and new investors, some of which include soccer star Megan Rapinoe and Minnesota Vikings linebacker Erik Kendricks. Actress Gwyneth Paltrow has also previously invested in the company. Founded in 2019, Real […]

Transactions: KKR’s $1.2B Behavioral Deal; IBH buys Uprise

KKR to acquire Therapy Brands The global private equity giant KKR has agreed to acquire a majority interest in Therapy Brands, a practice management and EHR software platform for behavioral health and physical rehabilitation providers. The investment firm announced the news Wednesday. While terms of the transaction were not disclosed, Bloomberg reported that KKR is […]