Brightline — which provides virtual behavioral health assistance to children, teenagers and families — announced Wednesday that it has results from a new funding round and will be expanding its offerings. The Palo Alto, California-based company pulled in $72 million in a pre-emptive Series B funding round led by GV (formerly Google Ventures), along with […]
Category: Psychiatric Care
Amid the COVID-19 emergency, many behavioral health stakeholders have touted the nation’s increased focus on behavioral health as a silver lining of the pandemic. Count Shana Hoffman, president and CEO of New Directions, among that group. “Coming out of this, I think we’re going to really think differently as a country about behavioral health — […]
Medical Properties Trust announces $950M Springstone deal Medical Properties Trust (NYSE: MPW) has entered into a definitive agreement to acquire 18 inpatient behavioral health hospital facilities and an interest in the operations of Springstone from the PE firm Welsh, Carson, Anderson & Stowe. The deal has a price tag of $950 million, with $760 million […]
Lyra Health — a startup that helps employers connect their workers with mental health services — is expanding internationally. Specifically, the company has announced that it is making new preventive care and mental health coaching offerings available across the globe. Headquartered in Burlingame, California, Lyra is a behavioral health unicorn with a reported valuation of […]
LifeStance Health Group (Nasdaq: LFST), which less than a month ago announced its intention to go public, officially opened for trading Thursday, closing its first day at $21.90 per share. The debut of the Scottsdale, Arizona-based outpatient mental health provider on the Nasdaq was positive, as its stock price rose from its initial public offering […]
Spero opens new Kentucky center Substance use disorder (SUD) treatment provider Spero Health has opened a new clinic in Kentucky, located in the town of Monticello. Situated in the southeastern part of the Commonwealth State near the Tennessee border, the location provides a combination of in-person and telehealth services. It accepts Kentucky Medicaid and most […]
The digital mental health company Cerebral has raised $127 million in new funding, pushing its valuation to $1.23 billion, according to Bloomberg. Billionaire Len Blavatnik’s Access Industries led the round, with Nami Park, an adviser to Access, joining the company’s board, the publication reported Thursday. Additional participants include Silver Lake Waterman, Artis Ventures, Bill Ackman […]
The global private equity giant KKR has created a new mental health services company called Geode Health, the firm announced Wednesday. The new platform will partner with psychiatrists, psychologists and therapists to offer in-person and virtual outpatient mental health treatment to children and adults across the U.S. The goal is to support clinicians so they […]
Some long-term acute care (LTAC) hospitals have elevated their ability to treat behavioral health conditions amid the COVID-19 emergency, according to a recent report from ATI Advisory, a D.C.-based advisory services firm focused on transforming care delivery for frail older adults and their families. “I think you’re kind of seeing investment in infrastructure overall,” Conner […]
The rise in behavioral issues amid the pandemic has also had a significant health effect on employee claims for mental health services, a new report shows. Specifically, spending on mental health insurance claims increased about 25% year-over-year in 2020. The findings were put out by the international financial services company and insurer Sun Life. which […]
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