This is an exclusive BHB+ story While private equity investors are still the dominant player in traditional behavioral health care, venture firms have been making their mark on the sector, largely through digital plays. Over the past two years, there has been a lull in venture capital investments, but industry insiders are projecting that to […]
CVS Ventures
Array Behavioral Care has laid off at least 10% of its workforce as it takes shape under new management and new investors. At the end of November, the Mount Laurel, New Jersey-based virtual psychiatry and therapy provider restructured the company, resulting in layoffs. Meanwhile, the company has undergone an evolution in its leadership team over […]
Behavioral health tech company Array Behavioral Care closed a $25 million funding round led by CVS Health Ventures, the investment arm of health care giant CVS Health Corp. (NYSE: CVS). On top of providing capital for scaling efforts, the funding round brings Array Behavioral Care closer to CVS Health. Array has previously partnered with CVS […]
CareBridge, a Nashville, Tennessee-based tech and telehealth startup, is tackling one of the hardest challenges in health care. And the moxie it takes to do so — and do so while taking on financial risk — has helped it woo investors to the tune of $180 million over two funding rounds. The latest funding round […]
Nashville, Tennessee-based CareBridge on Wednesday announced a $140 million funding round led by Oak HC/FT, with participation from “four of the nation’s five largest” Medicaid managed care organizations (MCOs). The home- and community-based services (HCBS) provider noted in a press release that it will use the funding to spread its value-based care model for Medicaid […]