Mental health startup UpLift announced it acquired women-focused digital psychiatry platform Minded, increasing its women-led offerings and expanding its reach to five additional states.
UpLift’s behavioral health platform offers patients access to in-network therapists and mental health providers virtually or in person. Therapists can also use the platform to find clients and manage their schedules.
Minded is a telehealth company that provides mental healthcare for women and medication management.
Before the acquisition, UpLift was available in Maryland, Virginia, Florida, New Jersey and Washington, D.C.
Together, the New York-based companies will allow California, Illinois, Pennsylvania, New York and Texas residents to access Uplift’s platform, which will now include team-based therapy and psychiatric care. UpLift aims to continue its expansion nationally.
“Since our founding, we have improved the lives of over 11,000 patients by delivering evidence-based treatment through our unique, team-based psychotherapy and psychiatric care model,” Kyle Talcott, CEO and founder of UpLift, told MobiHealthNews in an email.
“The acquisition of Minded helps us reach more people faster, accelerating our ability to expand nationally and through several new insurance contracts. We now have the honor of continuing to care for Minded’s patients while offering them in-network psychotherapy for the first time.”
THE LARGER TREND
In 2019, Uplift landed $1 million in seed funding and scored $8 million two years later. Earlier this year, the mental health platform raised $10.7 million in Series A investment.
Last year, women-focused Minded announced it received $25 million in seed funding.
More than one in five adults live with a mental illness in the U.S., and findings from the 2022 KFF Women’s Health Survey showed more women, 50%, relayed that they needed mental health services in the past two years compared with men, at 35%.
Other companies seeking to improve access to mental healthcare are virtual behavioral health startup Headspace Care, formerly known as Ginger, and Caraway, a virtual care startup focused on providing Generation Z mental, physical and reproductive healthcare.
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