Thursday, Population health technology company Color Health announced the acquisition of Mood Lifters, a mental health program for groups of adults and youth.
Color Health’s platform helps build a digital infrastructure for delivery of health initiatives to reach, assess and connect people with care. It also develops software that can be integrated with infrastructure testing in public health. The company partners with public health agencies, research institutions, employer organizations, health systems, and other organizations.
Mood Lifters is a group-based mental health company for issues like stress, depression, anxiety, and difficult life situations. Form groups led by participants who have completed the course themselves.
The new services will allow Color to help school districts, public health departments and others dealing with population health deliver mental and behavioral health treatment at scale.
“At Mood Lifters, we have created a program that reduces the personal and financial burden of stress, depression and anxiety,” Dr. Patricia Deldin, co-founder and CEO of Mood Lifters, said in a statement. “Now, with Color, we will be able to realize our shared dream of providing available, high-quality, effective, low-cost, evidence-based care to those who truly need it, wherever they are and regardless of their means.”
THE BIGGEST TREND
Last year, Color landed $100 million in Series E funding, raising the company’s valuation to $4.6 billion. Funding came less than a year later Color closed a $167 million Series D financing round.
