Investment & Transactions

Chelsea (Mich.) Hospital is closing its adult inpatient behavioral health unit at the end of 2023, WEMU reported April 5.

Indiana University Health in Indianapolis has been gifted $500,000 to bolster its behavioral health resources at its Regional Academic Health Center in Bloomington, Ind., Indiana Daily Student reported March 30. 

California's Department of Health Care Access and Information is granting $151 million toward the state's mental health workforce. 

The United Health Foundation formed a three-year, $2 million partnership with Rainbow Health to expand mental healthcare among LGBTQ residents and people of color in Minnesota.

Chicago-based behavioral health provider Wellington Counseling Group has been acquired by Arc Health. 

Virtual mental healthcare provider Mantra Health secured $5 million in a Series A investment round led by VMG partners.

Here are five mental health startups that raised a total of more than $42 million, as reported by Becker's since March 8:

Florida plans to grant $21 million toward an initiative to reframe mental health education with a focus on resilience. 

The East Central Mental Health Region's governing board in Iowa has decided to allocate $2.9 million in funding to two county mental health facilities, The Gazette reported March 23. 

Gaines Township, Mich.-based Pine Rest Christian Mental Health Services has acquired Grand Rapids, Mich.-based Cherry Health's employee assistance program contracts, MLive reported March 22.