The leader of the behavioral health giant Headspace announced his plans for resignation. Russell Glass, Headspace’s CEO, took to LinkedIn to announce his departure, which he called “bittersweet.” “As I reflected on the successful integration and everything we’ve achieved over the past few years, I believe now is a natural time for me to step […]
Ginger
Headspace Health is rolling out a unified enterprise mental health and well-being offering to members. The rollout comes roughly a year after the digital mental health companies Headspace and Ginger completed their $3 billion merger. With the new initiative, users will be able to tap into Ginger’s on-demand coaching, therapy and psychiatric services. The offering […]
Santa Monica, California-based Headspace Health has added two new members to its C-suite. The company announced Monday it hired Dr. Wizdom Powell as chief social impact and diversity officer and Jodi Bryant as chief commercial officer, according to a news release. Both Bryant and Powell will report to CEO Russell Glass. The two leaders join […]
The mental health tech space raised $5 billion and created nine new mental health unicorns in 2021, according to new data from CB Insights. The number of unicorns — companies that have a valuation of at least $1 billion — is up 150% compared to last year. They are almost all based in the United […]
Behavioral health business activity was on fire for another year in 2021, helped largely by a high demand for services among the public that shows no signs of abating any time soon. Transactions for behavioral health providers kicked off the year strong, with 35 deals registered in the first quarter (Q1) of 2021, according to […]
The worldwide digital market for behavioral health care is booming, and is expected to grow to nearly $840 billion by 2027, according to Data Bridge Market Research. The current provider market is filled with a number of players, with an estimated 20,000 apps worldwide available through Apple and Android that support behavioral health. Over $5 […]
New Directions Behavioral Health, which provides a range of behavioral health services in partnership with various entities, announced Friday that it is purchasing digital health solutions platform Tridiuum. Headquartered in Overland Park, Kansas, New Directions works with payors, employers and higher education institutions to serve over 15 million members nationwide. New Directions’ offerings include managed […]
Headspace Health announced its first tuck-in deal following the head-turning merger that created the company. On Wednesday, the San Francisco-based mental wellness and on-demand virtual behavioral health company announced that it acquired a fellow San Francisco-based startup Sayana Inc. Terms of the deal were not disclosed. The acquisition of Sayana will deepen Headspace Health’s AI […]
Digital health continued its tear in 2021, as the number of deals and the amount of funding in the space reached record levels. And if mental health had not already proven itself as a major engine driving activity, 2021 definitely underscored that fact. Digital startups based in the U.S. hauled in $29.1 billion over the […]
Here are some of the biggest mergers and acquisitions in the behavioral health industry over the last year. Ginger and Headspace Finalize Merger, Creating $3B Behavioral Health Platform The newly-combined Headspace Health brings together Ginger’s therapy, counseling, and coaching services with Headspace’s mindfulness and meditation offerings. The company will serve more than 100 million customers […]
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