New Jersey-based virtual psychiatry and therapy platform Array Behavioral Care scored $25 million in its latest funding round led by CVS Health. Additional capital was provided by existing investors.
CVS Health joins Array's earlier investors in supporting the company, including Wells Fargo Strategic Capital, Harbour Point Capital, Health Velocity Capital, OSF Healthcare, HLM Venture Partners and...
Teletherapy provider Sensible Care scored $13 million in a Series A funding round led by Volition Capital with participation from Skyline Investors.
WHAT IT DOES
Founded in 2017, the startup offers virtual therapy and psychiatry services for patients, including children and couples. Sensible Care also provides in-person transcranial magnetic stimulation, a therapy used for patients with...
Virtual mental healthcare provider Iris Telehealth scooped up $40 million in a Series B funding led by Concord Health Partners and Columbia Pacific Advisors.
WHAT IT DOES
Iris provides telepsychiatry services through partnerships with providers like health systems, hospitals and community health centers. The company can also help its provider clients triage patients who need more advanced mental...
The back half of November saw two special purpose acquisition companies (SPACs) announce merger agreements valued at more than $1 billion.
First on the list is Butterfly Network, maker of the Butterfly iQ handheld ultrasound devices and a corresponding workflow platform. The well-funded startup will be merging with Longview Acquisition for a final valuation of $1.5 billion. The company's common...
Ginger, the San Francisco-based behavioral health startup formerly known as Ginger.io, announced today a $50 million Series D funding round. Advance Venture Partners and Bessemer Venture Partners headed the raise, which also saw participation from Cigna Ventures, Kaiser Permanente Ventures and LinkedIn Executive Chairman Jeff Weiner.
With this, the company said it has raised more than $120...
Heal, the maker of an app for booking and processing device-driven physician house calls and other virtual care services, announced today that is has launched a new telepsychology service for California residents.
Heal Teletherapy will connect Heal's users to a licensed clinical psychologist via telehealth video chat. The virtual visits will cost $69 per 20 minutes, according to the company. ...
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...
Telehealth giant American Well has struck a deal to acquire Aligned Telehealth, a vendor of telepsychiatry and behavioral health that services providers and payers. American Well says that this move will make it the largest enterprise telepsychiatry platform operating in the US.
At this time, the companies are not sharing any terms of the deal such as its price, official effective date or whether...
A study conducted by pharmacy and outpatient telepsychiatry provider Genoa Healthcare found that rural, Medicaid-covered behavioral health patients received quicker and more frequent care when their in-person visits were supplemented with a telepsychiatry appointment.
These results from 242-patient investigation, published in the Journal of Rural Mental Health, suggest that this hybrid approach...
