Everside Health to Deepen Mental Health Offering After $164M Funding Round

Everside Health will use its new $164 million in venture capital to deepen its mental health offering. The Denver-based direct primary care provider already included mental health services in its model. But following the investment, Everside Health CEO Chris Miller said the company will “embed additional mental health professionals into our health centers.” “Limited access […]

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 […]

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 […]

Behavioral Health M&A Hits Record Level in 2021, Demand Remains “Sky-High”

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 […]

2021’s Largest Mergers and Acquisitions

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 […]

Most Read Behavioral Health Care Stories in 2021

The chaos that the coronavirus pandemic inflicted on the behavioral health care industry gave way to a new normal in 2021 based on the many lessons learned in the previous year. And an apparent lesson learned by all is that the demand for behavioral health in the U.S. is immense. This apparently spurred on a […]

Quartet Health Lands New $60M of Funding, Plans to be in 30 States by End of 2022

Quartet Health Inc. raised $60 million in a funding round that was led by the Philadelphia-based insurance company Independence Health Group. The New York City-based behavioral health technology company announced Thursday that existing investors GV and Oak HC/FT also joined the round, which brings the total amount raised to $222 million since 2014. The new […]

Groups Recover Together Appoints COO, Chief Expansion Officer As It Ramps Up Growth

Groups Recover Together, which is in the midst of an ambitious nationwide expansion, is supporting those efforts with the addition of two new members to its C-suite. The Burlington, Massachusetts-based provider — known also as “Groups,” and which treats 9,000 members across 13 states for opioid use disorder (OUD) — has appointed Matt Levesque to […]