K Health Acquires Trusst

K1 Invests in Rethink; Rethink Acquires Telehealth Platform TheraWe

August 11, 2020

Healthcare Services

K1 Investment Management made a strategic growth investment in Rethink First to accelerate the company's expansion of cloud-based behavioral health, education, and employer-facing solutions. Concurrently, Rethink completed the acquisition of TheraWe, a telehealth and parent engagement platform focused on ABA pediatric care, to strengthen its telehealth capabilities.

Wellin5 Acquires Therachat

February 10, 2020

Healthcare Services

Wellin5, an online telehealth counseling platform, acquired US-based mental health startup Therachat as part of its entry into the U.S. telehealth market and expansion of mental health capabilities. The deal adds Therachat's mobile mental health tools and access to an additional ~5,000 therapists, and positions Wellin5 to grow partnerships with insurers and employee benefits administrators.

Thriveworks Acquires Synchronous Health

October 2, 2024

Healthcare Services

Thriveworks has acquired Synchronous Health to expand integrated behavioral health services within primary care and health system settings. The deal brings Synchronous Health's telehealth offering and AI-enabled platform Karla into Thriveworks' network, broadening access to mental health care and strengthening clinician-supported digital care between sessions.

KKR Acquires Majority Interest in Therapy Brands

April 7, 2021

Software

KKR has agreed to acquire a majority interest in Therapy Brands, a Birmingham-based practice management and EHR software platform for mental, behavioral and rehabilitation healthcare providers. Existing investor PSG will remain a minority shareholder, and sellers include investment funds affiliated with Lightyear Capital, Oak HC/FT and Greater Sum Ventures; financial terms were not disclosed.

Uwill Acquires tbh

August 21, 2025

Healthcare Services

Uwill, a leading student mental health and wellness platform, has acquired tbh, a San Francisco–based provider of AI-powered basic needs and resource navigation for students and young adults. The acquisition integrates tbh's basic needs support (food, housing, transportation) with Uwill's teletherapy, crisis intervention, and counselor-matching capabilities to deliver more holistic student support.

New Directions Behavioral Health Acquires Tridiuum

January 14, 2022

Healthcare Services

New Directions Behavioral Health has acquired Tridiuum, a digital behavioral health company, to combine Tridiuum's measurement-based digital platform with New Directions' care management network. The deal is intended to accelerate access to behavioral health care for New Directions' more than 15 million members and improve outcomes through integrated technology-enabled services.