– Healthcare Growth Partners’ (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of August 2020.
M&A is back and the velocity of the rebound has outpaced all expectations. The recovery quickly worked its way across the spectrum from large to small-cap, beginning with the larger cap NASDAQ rally of nearly 80% from lows in late March (only to soften in recent days), followed by multi-billion
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Behavioral Health | News, Analysis, Insights - HIT Consultant
Magellan Health and Livongo to Co-Market Behavioral Health Services
What You Should Know:
- Magellan Health announced a strategic relationship with
Livongo, making Livongo for Behavioral Health the new digital entry point to a
wide range of solutions for Magellan Health customers and their members.
- As part of the strategic relationship, Magellan and
Livongo will co-market behavioral health services and collaborate on product
innovations.
Magellan Health,
Inc., today announced a strategic relationship with Livongo the leading Applied Health
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New Voice-Based App Enables Behavioral Health Measurement Anytime, Anywhere
What You Should Know:
- Ellipsis Health launches new voice-based Rising
Higher app, enabling behavioral health measurement anytime, anywhere.
- The
HIPAA-compliant platform facilitates longitudinal visibility into behavioral health symptoms
for enhanced clinical decision support.
Ellipsis Health,
pioneer of the first commercial-grade voice-based vital signs to
quantify and manage depression and anxiety symptoms at scale, has announced
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Lyra Health Reaches $1.1B Valuation After $110M Series D to Meet Demand for Teletherapy
What You Should Know:
- Mental health benefits provider Lyra Health raises $110M
in Series D funding, bringing its valuation to $1.1 billion.
- Lyra has grown significantly in 2020. So far this year,
the company has added more than 800,000 new members to the population eligible
to receive Lyra benefits, bringing its total member population to more than 1.5
million.
- Amid, the COVID-19 pandemic, Lyra is focused on
expanding its enhanced teletherapy offering — Lyra Blended Care —
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Led by Mount Sinai, Trellus Health Nabs $5M for Precision Platform for Complex Chronic Conditions
What You Should Know:
- Trellus Health secures $5M in seed funding and
collaborates with Mount Sinai to deliver resilience-driven, connected care,
integrating expert clinical and behavioral health for better outcomes.
- The first disease Trellus will tackle is IBD, which is
one of the costliest chronic conditions with a high mental health burden.
Trellus Health, a New York City-based provider of resilience-driven care for people with complex chronic conditions, announced it has
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Brightline Raises $20M for Virtual Pediatric Behavioral Health Platform
What You Should Know:
- Brightline raises $20 million to bring its virtual behavioral
healthcare platform to kids and families across California and beyond.
- Brightline delivers integrated care through innovative
technology, virtual behavioral health services, and a collaborative care team
focused on supporting children across developmental stages and their families.
Brightline, a
Palo Alto, CA-based provider of technology-enabled pediatric behavioral healthcare,
announced it has
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Genesis Health Taps Bright.md to Power New Telehealth Offering
What You Should Know:
- Genesis Health System has signed a partnership agreement
with Bright.md to offer patients in the Quad Cities of Iowa and Illinois access
to its Bright.md’s SmartExam solution.
- The new virtual care offering offers an affordable way to get care for hundreds of low-acuity conditions, mental health, urinary tract infections, and upper respiratory infections including the flu and COVID-19.
Genesis Health System, today
announced it has selected Bright.md’s
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Eden Health Lands $25M to Bring On-Site and Virtual Care To Employers, Commercial Real-Estate
What You Should Know:
- Eden Health raises $25M to give employers and
commercial real estate owners and operators the ability to offer medical care on-site,
near-site, and virtually.
- Eden’s membership model makes high-quality healthcare an affordable benefit for the average employer, with low to no out-of-pocket costs for their employees.
- Since the first signs of the US coronavirus outbreak in
early February, Eden Health has worked with Boylan Bottling, Connell, Convene,
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Ginger Lands $50M to Expand On-Demand Mental Health Support Platform
What You Should Know:
- Ginger announces $50 Million in Series D funding to expand
access to its on-demand mental healthcare system led by Advance Venture
Partners and Bessemer Venture Partners; joined by Cigna Ventures and existing
investors.
- Company has more than tripled revenue over the past year, now brings access to on-demand mental healthcare to millions around the world through 200+ employer clients and leading health plans.
Ginger, a San Francisco, CA-based provider of
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Cerner Invests in Xealth to Jointly Develop Digital Health Solutions for Clinicians
What You Should Know:
- Cerner and Xealth announce a collaboration to foster
tighter physician-patient relationships by giving patients easier access to
digital health tools.
- These assets will be prescribed directly within the physician’s EHR workflow to manage conditions including chronic diseases, behavioral health, maternity care, and surgery preparation.
- Cerner and LRVHealth have together invested $6 million
in Xealth as part of this agreement, with Cerner and Xealth planning
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