TMS ‘Pioneer’ Greenbrook Delisted from Nasdaq

Toronto-based Greenbrook TMS Inc. (Nasdaq: GBNH) has been kicked off the Nasdaq Stock Market LLC.   On Friday, the transcranial magnetic stimulation (TMS) and Spravato clinic provider announced it had received a final delisting notice from the stock market. The suspension is effective as of the opening of trading on Feb. 26. It’s unclear when shares […]

Patients With ‘Serious Psychological Distress’ Are Getting Less Outpatient Mental Health

During the coronavirus pandemic, the rate of those with “serious psychological distress” received outpatient mental health at a diminished rate. Further complicating the picture, the overall rate of American adults identified as experiencing serious psychological distress increased to 4.2% in 2021, compared to 3.5% in 2018, and gains in access to care were not seen […]

PE Wary of Serious Mental Illness Investment, But Venture Capital May Be Ready to Pounce

While private equity investors continue to look for new opportunities in behavioral health, there is one area that is still relatively uncharted: serious mental illness (SMI) care. Caring for the SMI population can be very challenging and requires a multipronged approach, as well as a robust patient engagement plan. Due to these challenges, SMI care […]

[Updated] Ex-Vertava Health CEO, Investor Break Away With New Venture, Blended Health

Matt Morgan and Boston-based private equity firm Summit Partners unveiled a long-in-the-works overhaul of what is now a national mental health platform focused on bridging the gap between outpatient and in-facility care. Called Blended Health, the new entity uncouples outpatient mental health assets from Vertava Health, a company once focused on pivoting its legacy destination […]

Lightfully Behavioral Health Creates New College IOP Offering, Expands Geographical Footprint

Lightfully Behavioral Health’s scale-up effort now includes expanding its virtual intensive outpatient program (IOP) to college students nationwide. The fledgling IOP stands among a small group of virtual behavioral health companies taking on intensive services — and an even smaller handful of companies targeting the collegiate population. Mental health services offered by colleges are not […]

Guidelight Health Lands $16M for PHP, IOP Platform

A new mental health company named Guidelight Health has landed $16.35 million in funding, according to an SEC filing. The startup offers partial hospitalization (PHP) and intensive outpatient programs (IOPs) to adolescents and adults. Patients can access these programs either in-person or virtually. PHPs and IOPs provide an intermediate care alternative to traditional inpatient and […]

‘EmPATH’ Units Seek to Shatter the Behavioral Health Emergency Department Bottleneck

Health systems are seeing a steep increase in patients coming to emergency departments (EDs) for psychiatric conditions. However, the ED is often not the best place for patients in a psychiatric crisis. One major ramification of this increase is many of these patients can face a long wait time, causing a significant bottleneck in the […]

firsthand’s Approach to SMI Care Prioritizes Trust, Engagement

Samir Malik, the CEO of firsthand, and Marie Hannah, a recovery peer for the company based in Nashville, know that those in the greatest need of behavioral health treatment are often the hardest to reach. The New York City-based startup uses a field-work-heavy approach to peer support work as part of a value-based care partnership […]

‘We Don’t Have Enough of an Infrastructure’: Psychiatric Hospitals Buckling Under Historic Pressure

Psychiatric hospitals are buckling under decades of financial pressure that increased following the onset of the pandemic. Discriminatory regulations, challenging payer relations and inflation have placed several psychiatric hospitals in untenable positions. A spate of facility closures in 2023 demonstrates that the pressure is proving too much. Industry insiders say that systemic changes can’t come […]