Investment & Transactions

Private equity firm Gauge Capital has engaged in a strategic investment with Streamline Healthcare Solutions, an electronic health records software developer primarily serving behavioral health providers.

Cigna has added behavioral healthcare company ReKlame Health to its network for patients in New York, New Jersey and Florida.

Insurer CareOregon has purchased the Red Lion Inn & Suites in Seaside, Ore., to develop housing for healthcare workers and Oregon Health Plan patients with behavioral health needs.

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.