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Lyra Health acquires Bend Health for youth care

Jul 16, 20255 months ago

Acquiring Company

Lyra Health

Acquired Company

Bend Health

BurlingameMadisonHealth CareMedical

Description

Lyra Health has acquired Bend Health to enhance its pediatric mental health care services. The acquisition aims to better address the global youth mental health crisis, combining resources and expertise from both companies. This partnership will improve access to specialized care for families and children. Together, they aim to deliver comprehensive whole person and family care.

Company Information

Company

Lyra Health

Location

287 LORTON AVENUE

Burlingame, California, United States

About

Lyra Health is the leading provider of mental health solutions for employers, available to more than 20 million people globally. Lyra is transforming access to life-changing mental health care through Lyra Empower, the only fully integrated, AI-powered platform combining the highest-quality care and technology solutions for members, providers and HR leaders. Empower works in the background to quickly connect members to the largest global network of evidence-based mental health providers, deliver actionable insights to benefit leaders, and free up providers to focus on client care—driving outstanding positive outcomes that are equitable across diverse racial and ethnic groups. Extensive peer-reviewed research confirms Lyra’s transformative care model helps people recover twice as fast and results in a 26% annual reduction in overall healthcare claims costs.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed