5 VC Firms to Watch in Behavioral Health

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 […]

[Updated] Legacy Telepsychiatry Provider Array Behavioral Care Restructures, Lays Off 10% of Workforce

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 […]

CVS Health Ventures Leads $25M Investment in Array Behavioral Care

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 […]

How CareBridge Won Over Investors, MCOs in $140M Funding Round

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 […]

CareBridge Lands $140M from Oak HC/FT, Group of MCOs to Expand Value-Based HCBS Model

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 […]