CVS invests $25M in behavioral health: 3 things to know

CVS Health will put $25 million into Array Behavioral Healthcare, a virtual psychiatry and therapy provider. 

Here are three things to know about the investment, according to a Jan. 9 news release from the telehealth provider:


  1. CVS Health led the funding round, with other contributions from companies including Wells Fargo Strategic Capital, Health Velocity Capital and Harbour Point Capital.


  1. CVS Health plans to use the funds to improve behavioral healthcare access in Aetna's coverage network.


  1. David Fairchild, MD, senior vice president and CMO of CVS Health's retail department, will join Array's board of directors, where he will work alongside company co-founders James Varrell, MD, the company's executive CMO, and CEO Geoffrey Boyce.


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