NEW YORK, October 31, 2022 /PRNewswire/ — Valera Health, the leading virtual mental health provider serving highly acute patients, today announced the closing of a $44.5 million growth capital raising led by Heritage Group, a healthcare-focused private equity firm, with participation from Cigna Ventures, Horizon Healthcare Services and existing investors, including Windham Ventures, AXA Venture Partners, Aquiline Technology Partners, Trinnovate Ventures (BCBS AZ), Figure Eight Investments, Watershed VC and Alsora Capital.
Valera Health is a leading virtual behavioral health care practice that provides high-quality care to patients through a team-based model that includes licensed therapists, nurse practitioners, case managers and psychiatrists. Valera partners closely with health care systems and health plans to provide comprehensive clinical care to its patients and members. Valera is the only mental health provider with a comprehensive quality strategy based on NCQA HEDIS measures with an emphasis on evidence-based treatment plans, enabling the practice to manage high-acuity mental health patients.
“Valera’s ability to engage patients, improve outcomes and reduce the total cost of care for populations ranging from the less acute population to the severely mentally ill population has established the practice as a leader in the care space. behavioral health,” said lauren brueggen, Partner of Heritage Group. “We are excited to partner with Dr. Thomas Tsang and the entire Valera Health team as the company continues to increase access to high-quality behavioral health care and expands its deep partnerships with major health systems and health plans across the country.”
Valera offers personalized services to all people who need mental health care, including those in rural and urban communities, and in areas with a shortage of providers. Serves the BIPOC and LGBTQ+ communities through culturally intentional care and a diverse, multilingual provider network where more than 50% of physicians self-identify as Black, Hispanic, or Asian. Valera partners with health plans and provider groups that cover more than 50 million lives in multiple states.
“Valera’s focus on evidence-based care and holistic approach to treatment enables providers to deliver exceptional care, even to those suffering from high-acuity conditions,” he said. tom richards, global leader in strategy and business development at Cigna. “We remain excited about our relationship with Valera and look forward to helping support the company’s growth across the country so they can continue to provide the highest quality clinical care to our most vulnerable clients.”
“We are honored to partner with Heritage Group and to deepen our partnerships with Cigna, Horizon Healthcare Services and Blue Cross Blue Shield Arizona,” said Dr. Thomas Tsang, CEO of Valera Salud. “This funding will allow us to make quality mental health care accessible to those who need it most, including those with serious and persistent mental illness.”
About Valera Salud:
Valera Health is a leading behavioral health care practice that provides comprehensive and longitudinal care through a team-based care model of trainers, therapists and physicians augmented by proprietary digital technology and analytics. From therapy to medication management, patients with mild depression to schizophrenia are treated with expert care. A focus on quality has achieved high HEDIS scores and produced significant results. For more information go to: www.valerahealth.com.
About Heritage Group
Heritage Group is a Nashville, Tennessee Healthcare-focused private equity firm with over 35 years of experience financing and operating healthcare companies. estate is over $700 million of assets under management and seeks to make majority and minority investments in high-growth health care services and medical technology businesses that address the challenges of the U.S. health care system. The firm’s limited partners include some of the leading organizations of health care in the country, including large systems of providers, payers and providers of health care services, which collectively operate more than 600 hospitals and insure more than 45 million lives. For more information visit www.heritagegroupusa.com
Media Contact: maor cohen, [email protected]
SOURCE Valera Health
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