Investment & Transactions

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. 

Though merger and acquisition deals were down in 2022, activity is expected to rebound this year, according to VMG Health's 2023 mergers and acquisitions report, released March 21. 

Advanced Health Network and Recovery Health Solutions, two affiliated behavioral health independent physician associations, have partnered with Unite Us, a healthcare software company. 

Danville, Pa.-based Geisinger Health System is partnering with Franklin, Tenn.-based Acadia Healthcare and the Sisters of Saints Cyril and Methodius congregation to build an inpatient behavioral hospital in Mahoning Township, Pa., pending approval of the final land purchase.

The state of New Hampshire and Bedford, N.H.-based SolutionHealth will build a new $60 million mental health hospital, The New Hampshire Union Leader reported March 20.

The global behavioral health treatment market is expected to experience a 2.9 percent compound annual growth rate from 2022 to 2032.

Four nonprofit mental health organizations in Kentucky are forming a partnership to improve clinical programs and protect safety net services in the state's rural communities.