Mental health benefits provider Spring health Weldon’s acquisition extends to family և pediatric area.
Weldon offers mental health guidance to parents through therapists, social workers, parent coaching, as well as group support and educational content. It covers topics such as sleep, anger, sadness, screen time, and the child’s overall development.
“We are excited to join the Spring Health team և to continue our mission to facilitate access to mental health professionals who provide special support to parents,” said Mark Burrell, co-founder of Weldon. “Once we learned about Spring Health’s precise, personalized, proven care model, which is the only comprehensive global solution for families, we immediately felt our values were consistent and had to join the team.”
Burel will join Spring’s production team with co-founder’s sister Lynn Burrell.
In addition to family support tools, Spring has also announced that it will expand its drug treatment and training offerings as it expands its reach around the world.
WHY IS IT IMPORTANT?
With Weldon The deal, Spring will be expanded to support parents և children’s mental health, which is a major concern with the COVID-19 epidemic. Proportion: Visits to the Mental Health Emergency Department for children և adolescents increased in the first months of the epidemic. Meanwhile, the parents reported struggled to manage childcare responsibilities և their own mental health has deteriorated.
“The epidemic has exacerbated the mental health crisis for parents and children, accelerating the need for family mental health care for a wide range of age and needs,” said April Coh, co-founder and CEO of Spring Cole. “We are fortunate that Mark ինը Lin has joined us in bringing their experience and insights into the unique challenges that parents and families in general face.”
In September, Spring announced that it had raised $ 190 million C Series funding, bringing its value to $ 2 billion. There has been a mental health-based startup ever since expanding its management team with new employees in late April.
Despite general digital health funding decreased in the first quarter of this yearMental health companies still bring in $ 1 billion in investment, according to a report by Rock Health. CB Insights: Funding for mental health technology companies has been found to increase by 139% from 2020 to 2021, raising $ 5.5 billion worldwide.
Other companies in space include: Headspace Health:, Lyra Health: և: BetterUp:. At the same time, there are a growing number of companies focused on the pediatric sector, including Bright line, Health dawn և: Small otter.
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