UnitedHealth Group's Optum is reportedly in late-stage talks with AbleTo regarding a roughly $470 million acquisition of the virtual behavioral-care company, according to unnamed sources who spoke to CNBC.
Optum is already a stakeholder in the New York company, having provided a "significant investment" through its Optum Ventures arm back in January of 2019.
At the time, Optum Ventures Principal...
The FDA released new guidance on digital health devices for treating psychiatric disorders that waives several regulatory requirements – such as need to submit a 510(k) premarket notification – for the duration of the COVID-19 emergency.
"Device availability may increase patient access to digital therapeutics while individuals are following 'stay at home' orders or practicing social distancing,...
Easy access to (temporarily) free counseling. Consumer telehealth and mail-order prescription services Hims and Hers are dipping into the mental health wellness space. The brands kicked off new anonymized group therapy and guided meditation offerings yesterday, with the therapy sessions led by a licensed mental health practitioner.
The group sessions are currently being offered free of charge in...
From me to you. Employee-wellness company Wellable has acquired assets from fellow digital-wellness product-maker MeYou Health, the companies announced. While the terms of the deal were not disclosed, it does transfer ownership of MeYou's Daily Challenge product to Wellable. This program encourages healthy eating, physical activity, stress management and other behaviors through daily email and...
Lyra Health, maker of a digital benefits platform focused on behavioral health, announced today that it is adding $75 million in Series C funding to the roughly $100 million it had raised previously.
The new investments were headed by IVP, with additional support coming from new backer Meritech Capital Partners and prior investors Casdin Capital, Crown Venture Fund, Glynn Capital, Greylock...
Yesterday morning, Ginger announced that it acquired fellow digital mental-wellness company LiveBetter's technology assets.
LiveBetter has focused on bringing virtual mental health tools to smartphone users for free. Meanwhile Ginger focuses on providing digital mental health services including behavior-health coaching, video therapy, tele-psychiatry visits and other self-guided content. It...
Mindfulness and meditation app maker Headspace has announced a Series C funding round consisting of $53 million in equity and $40 million in debt financing. The investment was headed by blisce/, with participation from new backers Waverly Capital and Times Bridge as well as prior investors The Chernin Group, Spectrum Equity and Advancit Capital.
WHAT THEY DO
Santa Monica-based Headspace’s primary...
Emilio Health, a tech-minded pediatric behavioral health startup, announced a $5 million seed round yesterday. The new cash infusion was led by Oak HC/FT.
As part of the investment deal, Annie Lamont, Oak HC/FT’s cofounder and managing partner, will be joining Emilio Health’s board of directors.
WHAT THEY DO
Emilio is taking a hybrid approach to behavioral health. Its services will include...
ECG algorithm picks up Breakthrough Device status. Eko, the maker of tools for monitoring heart function, announced yesterday that a novel ECG-based algorithm for detecting lowered left ventricular ejection fraction has received Breakthrough Device designation from the FDA. By analyzing a 15-second clip of ECG data collected via the company’s other products, the algorithm aims to assist with...
Mt. Laurel, New Jersey-based InSight Telepsychiatry and Chicago-based Regroup Telehealth announced a merger of their businesses yesterday.
The resulting entity is now the largest and most comprehensive telepsychiatry service provider in the US, they said, specifically in regard to the joined company’s combined revenue, national footprint, diversity of client types, and diversity and quantity of...
