Spring Health Inc. has acquired the family wellness-focused startup Weldon for an undisclosed amount. The New York City-based B2B-focused mental health startup announced Wednesday that the acquisition of Weldon expands its platform into the family wellness and mental health space. The co-founders of Weldon — siblings Mark Burrell and Lynn Burrell — will join Spring […]
Following a blockbuster year for digital mental health care investment in 2021, the pressure is on to go big and bold. There have already been a few game-changing acquisitions in the space — the earliest and most defining is the merger of Ginger and Headspace, which created a $3 billion company called Headspace Health during […]
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 […]
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 […]
Just a couple months after rolling out a new value-based care model, Spring Health has also created and filled a new chief technology officer (CTO) position. The behavioral health benefits company tapped Amazon Web Services (AWS) alum Harshit Shah to step into the role in June. With 20 years of software engineering experience, most recently […]
The Emily Program and Veritas Collaborative hire VP of community engagement The Emily Program and Veritas Collaborative, two recently merged eating disorder treatment programs, have hired a vice president of community engagement. Chase Bannister — an eating disorders clinician, speaker and advocate — stepped into the new role on June 14. Most recently, he worked […]
Hurdle fills VP, C-suite positions Digital mental health provider Hurdle has hired Krystle Herbert as its vice president of clinical affairs. In the role, Herbert will be responsible for overseeing and supporting clinical operations, clinical policy development and compliance, as well as clinical quality care and organizational scaling efforts. Herbert was most recently the COO […]
Health care’s shift from fee-for-service reimbursement to value-based care has been slow. But finally, the coronavirus is accelerating the industry’s movement in that direction, which bodes well for behavioral health providers, who are known for the long-term outcomes they deliver. Even health insurance giants like Anthem (NYSE: ANTM) are jumping on board: Earlier this month, […]
Spring Health — a behavioral health benefits provider — has snagged $76 million in Series B financing, bringing the company’s total funding raised up to $106 million. Based in New York, Spring Health offers employers a comprehensive solution that connects their workers with mental health clinicians and resources. The startup bills itself as the front […]
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