• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Life Sciences
  • Investments
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage

Wellin5 Acquires Mental Health Journaling and Tracking App Therachat

by Fred Pennic 02/11/2020 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print
Wellin5 Acquires Mental Health Journaling and Tracking App Therachat

– Wellin5 acquires Therachat, a HIPAA-compliant smart journaling tool that keeps clients engaged in-between therapy sessions for an undisclosed term.

– The acquisition supports Wellin5’s long-term strategy of expansion into the United States telehatlh market.


 Wellin5, an innovative online telehealth counseling platform, today announced its acquisition of Therachat, a San Francisco, CA-based mental health platform designed to help therapists, psychologists, and mental health counselors in the US to keep their patients engaged in between therapy sessions. The acquisition is part of its long-term expansion strategy that began in September 2019 when it named Sacramento, California its US Headquarters.

Secure App To Improve Your Mental Health

Recent data from the National Alliance on Mental Illness (NAMI) found that one in five adults in the U.S. (43.8 million people) suffer from mental illness each year. With a widespread need for accessible mental health services, technology offers new options for people looking to cope with mild to severe symptoms.

Founded in 2016, Therachat is a HIPAA-compliant smart journaling tool available on iOS and Android devices that keeps clients engaged in-between therapy sessions. Therachat’s mobile app for therapy clients and users without a therapist is powered by AI technology that helps to cope with anxiety. Its web-based dashboard provides therapists with over 40 premade and customizable homework activities with real-time insights to improve therapy outcomes.

Therachat Acquisition Benefits for Wellin5

Wellin5’s counseling platform uses AI-powered technology and smart-logic driven software to combat mental health challenges by quickly connecting its users with the most compatible counselor. As a leader in online counseling, Wellin5 provides captivating user experience and highly engaging service, in turn, creating a new understanding of mental wellness.

The acquisition of Therachat positions Wellin5 to expand its mental health expertise to include:

– Offering a full client and counselor centric experience on a centralized platform

– A library of mobile health tools such as emotion tracking, thought reframing, mindfulness, etc.

– Meaningful support through engagement and self-help mental health exercises

– An additional 5,000 therapists to add to its existing base of mental health professionals.

“We are very excited about acquiring Therachat,” stated William Masih, Founder, and CEO of Wellin5. “This is a massive accomplishment in our plan to emerge as a leader in the preventive mental health space. Wellin5 is strongly positioned to grow exponentially over the next three to five years in North America and internationally. This year, we expect to close the next round of funding to expand our partnerships with insurance providers and employee benefits administrators to support our anticipated growth model.” Financial details of the acquisition were not disclosed

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tagged With: AI, HIPAA, hipaa-compliant, Mental Health, Mental Illness, mobile health, model, SAN FRANCISCO, Therachat

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Interview

Reach7 Diabetes Studios Founder Chun Yong on Reimagining Chronic Care with a Concierge Medical Model

Most-Read

Bayer Exits Radiology AI Market, Discontinuing Calantic and Blackford

Bayer Exits Radiology AI Market, Discontinuing Calantic and Blackford

Oracle Health Launches AI Center of Excellence for Healthcare

Oracle Health Launches AI Center of Excellence for Healthcare

Particle Health Addresses Integration to Epic Data Despite Dispute

US Court Allows Particle’s Antitrust Claims Against Epic to Proceed

Epic Launches Comet: A New AI Platform to Predict Patient Health Journeys

Epic Launches Comet: A New AI Platform to Predict Patient Health Journeys

Preparing for the ‘Big Beautiful Bill’: How Digitization Can Streamline Medicaid Eligibility & Social Care Delivery

Preparing for the ‘Big Beautiful Bill’: How Digitization Can Streamline Medicaid Eligibility & Social Care Delivery

Evernorth Health Services Invests $3.5B in Shields Health Solutions

Evernorth Health Services Invests $3.5B in Shields Health Solutions

KLAS Report: Oracle Health Faces Customer Losses and Declining Satisfaction

KLAS Report: Oracle Health Faces Customer Losses and Declining Satisfaction

Tempus AI Acquires Digital Pathology Leader Paige for $81.25M

M&A:Tempus AI Acquires Digital Pathology Leader Paige for $81.25M

Mira Launches Ultra4™, the First At-Home Hormone Monitor with Lab-Quality Insights

Femtech: Mira Launches Ultra4™, the First At-Home Hormone Monitor with Lab-Quality Insights

How Healthcare CIOs Can Solve the Unstructured Data Crisis and Reduce Storage Costs

How Healthcare CIOs Can Solve the Unstructured Data Crisis and Reduce Storage Costs

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |