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 […]

Top Behavioral Health Stories of 2023: Bankruptcies, ‘Ghost Networks’ Shake the Industry

2023 has been a tumultuous year for the behavioral health space. Macroeconomic headwinds, including rising interest rates plus unrest in Eastern Europe and the Middle East, has slowed dealmaking. Additionally, many providers have struggled to raise more capital as investors tighten their purse strings. At least two major companies in behavioral health care have filed […]

Behavioral Health Companies Looking to Grow Their Enterprise Business ‘Still Need to Build The D2C Acquisition Muscle’

Several digital behavioral health companies are making the move from direct-to-consumer to business-to-business models, looking to create a larger market share. While a B2B approach may lead to a more extensive client base, companies looking to make the leap must be prepared to add higher privacy standards and the proven ROI that corporate entities expect. […]

Alphabet’s Venture Arm GV Eyes Brick-and-Mortar SMI Investments

GV, previously Google Ventures, has been an active investor in behavioral health over the last decade. The firm is now eying serious mental illness (SMI) and value-based care as its next frontier. In 2021, digital mental health companies raised $5.5 billion in venture dollars – an unprecedented amount. Yet historically, the bulk of digital health […]

Brightline Lands $105M Funding Led by KKR, Reportedly Valued at $705M

Youth telebehavioral health company Brightline announced Tuesday that it has raised $105 million in a Series C funding round led by global investment firm KKR. The Palo Alto, California-based company now has raised over $200 million and is valued at $705 million, Bloomberg reported on Tuesday. Also participating in the round are existing investors GV […]

Google-Affiliated In-Home Care Provider Moves into Behavioral Health Space

Amid the coronavirus pandemic, new entrants have flooded the behavioral health space, especially in the digital realm. The newest player moving in on the opportunity is a Google-affiliated house-call company that’s taking a slightly different approach. Ready — an on-demand, in-home health service — is now offering behavioral health visits for patients in certain markets, […]

Quartet Health Collaborates with Blue Cross NC for Value-Based Behavioral Health Payment Model

Quartet Health, a technology platform services company for behavioral health providers, has reached an agreement with Blue Cross Blue Shield North Carolina (Blue Cross NC) to establish a new value-based payment model for the Tar Heel State insurer. The goal is to ensure people get high-quality mental health care in a timely manner while improving […]