What You Should Know:
- Rock Health report reveals Q1 2022 digital health funding closed with $6.0B across 183 deals, and an average deal size of $32.8M.
- Q1 2022 digital health funding was significantly behind Q4 2021’s $7.3B and the trailing twelve month quarterly average of $7.1B.
Digital health funding reached a total of $6B in Q1 2022 across 183 deals, and an average deal size of $32.8M, according to Rock Health, a full-service venture fund
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Behavioral Health | News, Analysis, Insights - HIT Consultant
Eleos Closes $20M to Unlock CareOps Automation for Behavioral Health
What You Should Know:
- Eleos Health has announced a $20 million Series A round, co-led by F-Prime Capital and Eight Roads Ventures, bringing their total raise to $28 million.
- Eleos Health is a behavioral health application for voice AI, operating ambiently in the background of mental health clinician-patient conversations. It’s in production use with 20+ care providers and health plans, with a goal of unlocking up to 30% more mental health care provider capacity as the U.S.
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UHG’s Optum Acquires Home Health Business LHC Group for $5.4B
What You Should Know:
- UnitedHealth Group subsidiary Optum has agreed to acquire LHC Group, a national patient-focused provider of high-quality in-home health care services for $5.4 billion ($170 per share).
- The acquisition will further strengthen their shared ability to advance value-based care, especially in the comfort of a patient’s own home.
Extend Value-Based Care into Patients’ Homes
The combination of LHC Group with Optum Health, which works
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Brightside Health Raises $50M for Personalized Anxiety & Depression Care
What You Should Know:
- Today, Brightside Health announced it raised a $50M Series B, led by ACME Capital and Mousse Partners, bringing its total funding to $75M to date.
- The funding will help Brightside expand access to high-quality mental healthcare to more people across the country, enhance the platform, forge new partnerships, and grow as a team, from about 57 now to an expected 175 later this year.
Brightside Health, a telemedicine platform that offers fast access to
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UK Startup Oliva Raises $6.3M for Workplace Mental Health Platform
What You Should Know:
- Oliva, a London-based workplace mental health platform announced it has raised $6.3M (£4.84M) in seed funding led by Stride VC, a seed-stage VC firm based in London, along with additional investment provided by Moonfire.
- The seed raise marks the largest seed funding for a mental health startup in Europe.
Help with Life’s Problems, Work-Related or Not
In the UK, poor mental health costs employers
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Grow Therapy Partners with Aetna to Take its Mental Health Care Services Nationwide
What You Should Know:
- Today Grow Therapy, a leader in helping create life-changing therapeutic connections between therapists and clients, today announced that its mental health care services are now available as an in-network benefit to all members of Aetna, CVS Health company.
- Bringing Grow Therapy’s multi-thousand therapy and psychiatry provider group in-network with Aetna means it can now
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HIMSS22 Day 2 Roundup: Google Partners with MEDITECH, Microsoft’s Health Cloud Strategy Expansions
Mergers & Acquisitions (M&A) Activity
OptimizeRx Acquires EvinceMed, a Specialty Drug Prescription Initiation Platform
OptimizeRx, a provider of point-of-care technology solutions helping patients start and stay on therapy announced a definitive agreement to acquire the EvinceMed platform and related assets. EvinceMed is a provider in delivering end-to-end automation for specialty pharmaceutical transactions. The acquisition includes the full Market Access Management Platform
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Woebot Health Secures $9.5M for Behavioral Health Platform
What You Should Know:
- Woebot Health announced that Leaps by Bayer, the impact investment arm of Bayer AG, has made a $9.5 million strategic investment in the company to help accelerate further development of its AI-powered behavioral health platform and products.
- Woebot Health’s behavioral health platform combines sophisticated AI, decades of clinically-proven therapeutic research and an engaging relational agent called Woebot, which together form the
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Behavidence Raises $4.3M to Expand AI-Driven Psychiatric & Neurological Disorders Monitoring
What You Should Know:
- Behavidence, a behavioral health company that monitors psychiatric and neurological disorders using artificial intelligence, announced a $4.3M seed round led by Welltech Ventures, featuring Arc Impact and Longevity Ventures.
- Founded in 2020, Behavidence offers multiple digital phenotyping models that can predict disorders such as depression, anxiety, ADHD and more. These digital phenotyping solutions have been adopted by health organizations, tech, commercial and
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DarioHealth Forms $30M Strategic Agreement with Sanofi U.S.
What You Should Know:
- DarioHealth Corp., a provider of global digital therapeutics (DTx), announced it has entered into a $30M multi-year, strategic agreement with Sanofi U.S., an innovative global healthcare company. The multi-year, $30 million-dollar agreement will help accelerate commercial adoption of Dario's full suite of digital therapeutics and drive the expansion of digital health solutions on the Dario platform.
- As part of the strategic agreement, Dario and Sanofi will
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