Spring Health Hits $2B Valuation After New $190M Funding Round

Behavioral health benefits company Spring Health announced Thursday that it has raised $190 million in a Series C round led by Swedish growth investment firm Kinnevik. The round included a number of participants, including several existing investors, as well as the Guardian Life Insurance Company of America, which is a new investor. Spring Health reported […]

Inside the Giant Ginger-Headspace Merger, What It Means for Behavioral M&A

Ginger and Headspace made huge waves in the behavioral health space Wednesday when they announced plans to merge and form Headspace Health. The combined company will boast a comprehensive set of virtual mental health offerings and a valuation north of $3 billion, while allowing Ginger and Headspace to retain their respective brands underneath the Headspace […]

Behavioral Health Unicorns Ginger, Headspace to Merge

Ginger and Headspace have entered into a definitive agreement to merge and form Headspace Health, which will be the world’s most accessible, comprehensive digital mental health platform. Terms of the deal were not disclosed. The new company will reach nearly 100 million people across more than 190 countries through its direct-to-consumer, enterprise and health plan […]

Headspace, Solera Health Partner to Expand Availability of Behavioral Health Offerings

Two virtual health care platforms are teaming up to expand the number of behavioral offerings available to customers. The digital mindfulness and meditation company Headspace has announced a partnership with Phoenix-based Solera Health, which contracts with health plans and employers to bring virtual care services to customers. The partnership gives Solera’s customers the opportunity to […]

Headspace, Microsoft Partner for New Teams Meditation Feature

The Santa Monica, California-based digital mindfulness and meditation company Headspace has teamed up with Microsoft (Nasdaq: MSFT) to bring a set of mindfulness exercises and meditations into the tech provider’s Teams platform.  Teams is a business-oriented communication and collaboration platform that gives workers access to chat features, video meetings, file storage and application integration. Microsoft’s […]

Headspace Exec Pushes Back on App Criticism, Touts 500% Spike in Employer Offering Interest

Mental health and mindfulness apps have boomed amid the pandemic, and Santa Monica, California-based Headspace is no exception. In June, the digital mindfulness and meditation company pulled in another $47.7 million in Series C funding. That’s on top of the $53 million it touted back in February, pushing its total Series C equity funding raised […]

Headspace Teams Up with Amazon for Fitness Band Launch

Headspace has teamed up with Amazon to provide content for the tech giant’s new fitness band, Amazon Halo. Amazon announced the new health and wellness tracker Friday. The product comes in the form of a screenless wrist band equipped with sensors and a suite of tools powered by artificial intelligence. It measures wearers’ body fat […]

Business Booms for Digital Behavioral Health Companies Amid COVID-19

There’s no doubt about it: The coronavirus is boosting the demand for behavioral health care. That’s especially true for services that can be delivered virtually, due to how easily COVID-19 can be spread. While traditional providers have been scrambling to move to remote models and keep up with ever-changing telehealth regulations, digital behavioral health providers […]

Digital Behavioral Providers Offer Free Services to Health Care Workers For COVID-19 Stress

Multiple virtual behavioral health companies are offering their services to health care workers for free amid the COVID-19 crisis. Three such providers are Headspace, Orbit Health Telepsychiatry and Ginger. Headspace, a digital provider of mental wellness, mindfulness and meditation services, announced Monday that it will provide free subscriptions for the year to American health care […]

Lyra Health Helps Providers Improve, Capitalize On Employee Mental Health Benefits

While more and more employers are offering mental health benefits, that doesn’t always translate into opportunities for traditional behavioral health providers. Many companies opt to provide the benefits through app-based solutions that specialize in remote coaching and stress-reduction, with trendy startups like Headspace and Ginger winning business from corporate giants such as Starbucks (Nasdaq: SBUX), […]