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

PRIVATEJan 09, 2023

Amount Raised

$25 Million

Round Type

Funding Round

ChicagoHealth CareMedicalNon Profit

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.

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Company Information

Company

Array Behavioral Care

Location

Chicago, Illinois, United States

About

Array Behavioral Care is the nation's leading virtual psychiatry and therapy practice, delivering high-quality behavioral health services through a fully integrated continuum of care from hospital to home. Array partners with hospitals, health systems, community organizations, and payors to provide timely, expert treatment that meets the needs of patients where they are with the Right Care, Right Time, Right DoseSM. As an established leader with more than 25 years of experience in telepsychiatry, Array sets the standard for excellence by offering innovative solutions that improve access, enhance outcomes, and support seamless care delivery. Its Epic-based EHR platform is eliminating system-wide gaps in mental health treatment.

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Array Behavioral Care raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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