Wayspring Raises $75M for Value-Based Substance Use Disorder Treatment

axialHealthcare — a Nashville, Tennessee-based substance use disorder (SUD) treatment company — has received a $75 million investment, along with rebranding itself to Wayspring. Founded in 2012, Wayspring is a value-based care solutions company that links prospective patients to providers of treatment services. Patients and providers are connected through a network of SUD treatment organizations, […]

Quartet Taps Beacon Executive as New COO, Adds More Execs

Quartet Health, a technology solutions provider that services behavioral health companies, has announced multiple new management and C-suite hires, which includes an addition from Beacon Health Options. Christina Mainelli, a veteran of the health care and insurance industries, has been named Quartet’s new chief operating officer, where she will oversee strategy and operations for the […]

Brightline Hauls in $72M in Funding, Plans to Expand

Brightline — which provides virtual behavioral health assistance to children, teenagers and families — announced Wednesday that it has results from a new funding round and will be expanding its offerings. The Palo Alto, California-based company pulled in $72 million in a pre-emptive Series B funding round led by GV (formerly Google Ventures), along with […]

Virtual Pediatric Behavioral Health Provider Brightline Raises $20 Million

Brightline — a virtual pediatric behavioral health care startup — has raised $20 million in Series A funding, the company announced Wednesday.  Threshold Ventures and previous investor Oak HC/FT led the funding round. Blue Shield of California, Blue Cross Blue Shield of Massachusetts, Boston Children’s Hospital, SemperVirens VC, Rock Health and City Light Capital also […]

Tech-Enabled Pediatric Behavioral Health Startup Emilio Health Raises $5M

Emilio Health, a technology-enabled behavioral health startup, has raised $5 million in seed funding. Oak HC/FT provided the funding, which will allow Emilio Health to open its first clinics, launch its digital platform and grow its leadership team. Palo Alto, California-based Emilio Health launched in October, with the goal being to improve the way behavioral […]