Investment & Transactions

Wave Life, a mental health platform catering to Generation Z, raised $6 million in a seed investment round led by Santé Ventures. 

South Carolina's department of health and human services has created a new $35 million crisis stabilization service grant program. 

Wisconsin Gov. Tony Evers and the state Department of Health Services awarded $1 million in grants across 10 organizations to address mental health disparities across the state, according to a March 3 report from the Green Bay Press-Gazette.

Brentwood, Tenn.-based Lifepoint Behavioral Health and Lynchburg, Va.-based Centra Health have entered a joint venture to open a new inpatient behavioral health hospital. 

Marietta, Ohio-based Life & Purpose Behavioral Health will join Athens, Ohio-based Hopewell Health Centers, the Marietta Times reported March 2. 

Headway, a mental health startup based in New York City, is expected to be valued at more than $1 billion after a new funding round, Bloomberg reported Feb. 27.

Here are the five largest investments into behavioral healthcare reported by Becker's in February.

Here are 12 grants and donations expanding behavioral and mental health access Becker's has reported on in February:

Jawonio, an organization that aids individuals with disabilities and behavioral health issues, has been granted $2.2 million from the state of New York for a new behavioral health facility, Rockland County Business Journal reported Feb. 26. 

The NBA Foundation has given nearly $1 million in grants to benefit Utah's Black community after Salt Lake City hosted the NBA All-Star Weekend Feb. 17-19, according to a Feb. 26 report from KSL.