Drug overdose deaths continue to reach new highs, which has subsequently given rise to a $42 billion industry to treat substance use disorders (SUDs). Among those offering services are a number of virtual SUD treatment providers, who have emerged as debate continues within the field as to the best options overall for treating users. “[The […]
Ophelia
Virtual medication-assisted therapy (MAT) provider Ophelia Health Inc. has partnered with the University of Pennsylvania School of Nursing to prepare more clinicians to care for people struggling with opioid addiction. The program, launched in January, also aims to put students who join the pilot program at the UPenn nursing school on the path toward receiving […]
The behavioral health industry has seen a large number of funding deals in 2021. Behavioral Health Business has put together a collection of the largest funding rounds in behavioral health to give you a better idea of who those companies are. Spring Health Hits $2B Valuation After New $190M Funding Round Behavioral health benefits company […]
The Centers for Medicare and Medicaid Services revealed new support for states to get behavioral health crisis intervention services to those experiencing mental health- or addiction-related crises in real-time. The American Rescue Plan Act of 2021, which became law in March, grants CMS new authority to provide states with additional funding and tools to enhance […]
Middle market-focused private equity firm FFL Partners and Two Sigma Impact announced Tuesday that they have acquired majority ownership in addiction treatment provider Community Medical Services (CMS). San Francisco-based FFL and Two Sigma Impact – which is a division of New York-based hedge fund Two Sigma – are purchasing the stake from Clearview Capital, which […]
Digital-enabled opioid use disorder treatment provider Ophelia Health Inc. raised $50 million in a Series B funding round. The New York City-based company announced Tuesday that Tiger Global Management LLC, also based in the Big Apple, led the round which also saw participation from Good Friends, Menlo Ventures, General Catalyst, Refactor Capital, 640 Oxford Ventures, […]
PursueCare — a Middletown, Connecticut-based provider of virtual medication-assisted treatment (MAT) services — has raised $7 million in an oversubscribed Series A2 funding round led by OCA Ventures, Seyen Capital, Wasabi Investors and other health care investors. The round brings PursueCare’s total funding raised up to $12.8 million, according to the fundraising tracking website Crunchbase. […]
Ophelia, a New York-based provider of virtual opioid use disorder (OUD) treatment services, has landed $15 million in Series A funding. The round, which the company announced Thursday, was led by Menlo Ventures. Other investors include Y Combinator, General Catalyst and Refactor Capital, as well as the founders of Harry’s, Warby Parker, PillPack, Allbirds, Carbon […]
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