Array Behavioral Care Secures $25 Million From Cvs Health To Help Address National Mental Health Crisis Through Virtual Care

Jan 09, 2023•over 2 years ago

Amount Raised

$25 Million

Mount LaurelHealth CareNon ProfitMedical

Investors

Osf HealthcareOca VenturesHlm Venture PartnersHarbour Point CapitalHealth Velocity CapitalWells Fargo Strategic CapitalCvs Health

Description

Array Behavioral Care, the nation’s leading virtual psychiatry and therapy practice, announced today the closing of its latest equity round to further scale modern behavioral health care across the continuum, with CVS Health leading the round. Existing investors also joined the round and contributed additional capital.

Company Information

Company

Array Behavioral Care

Location

Mount Laurel, New Jersey, United States

About

Array Behavioral Care is the nation's leading clinician-centric virtual psychiatry and therapy practice with a mission to transform access to quality, timely behavioral health care. Array offers telepsychiatry solutions and services across the continuum of care, from hospital to home, through its three flexible delivery models. For more than 20 years, Array has partnered with hundreds of hospitals and health systems, community health care organizations and payers of all sizes to expand access to care and improve outcomes for underserved individuals, facilities, and communities. As an industry pioneer and established thought leader, Array has helped shape the field, define the standard of care and advocate for improved telepsychiatry-friendly regulations.

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