Digital psychological well being firm SonderMind is buying Mindstrong’s know-how property months after the guy psychological well being agency laid off greater than 100 staff and shuttered its headquarters.
The deal contains Mindstrong’s tech and a number of the firm’s tech-related workforce. In accordance with reporting by Digital Well being Enterprise & Expertise, about 20 staff may have jobs at SonderMind. The remainder of Mindstrong has terminated operations.
SonderMind stated the acquisition will enable the corporate to supply extra personalised care journeys, scientific notes templates and improved measurement-based providers. It can additionally add to their means to deal with sufferers with severe psychological sicknesses.
„Expertise has a crucial function to play in bettering psychological healthcare supply and outcomes, however not by itself,“ Mark Frank, CEO and cofounder of SonderMind, stated in a press release. „The way forward for technology-enabled, personalised psychological healthcare that we’re constructing at SonderMind is barely attainable due to hundreds of SonderMind suppliers. With the addition of Mindstrong know-how, we will probably be equipping clinicians with the scientific capabilities they want – comparable to tailor-made care pathways and enhanced measurement-based care – utilizing know-how and knowledge to strengthen their means to ship high-quality care that helps people get higher, sooner.”
THE LARGER TREND
Based in 2014, Mindstrong initially targeted on growing digital biomarkers to catch early indicators of psychological sickness. Former director of the Nationwide Institute of Psychological Well being Dr. Thomas Insel joined the corporate in 2017.
It later added digital remedy and care providers, with a deal with severe psychological sickness. Mindstrong raised $160 million in enterprise {dollars}, together with a $100 million Collection C introduced in 2020.
However the altering macroeconomic surroundings and slowing funding have hit a lot of digital well being corporations, and a few companies have pursued layoffs. In January, Mindstrong stated it could finish its affected person care providers in March. The corporate later stated it could lay off 128 staff and completely shut its headquarters in Menlo Park, California.
SonderMind additionally reduce 15% of its workforce late final yr, in keeping with reporting by Denver Enterprise Journal. It has been including acquisitions too; in November, SonderMind stated it had bought Whole Mind, a platform that permits customers to trace their psychological capability, feelings and stress ranges.
In 2021, it purchased Qntfy, a predictive-analytics platform that makes use of psychological well being biometric knowledge to counsel potential remedy choices.
Dr. Vin Gupta will provide extra element throughout his HIMSS23 session „Keynote: Healthcare Disruption: Accelerated Alternatives for Care Supply Alternate options.“ It’s scheduled for Wednesday, April 19, at 8:30 a.m. – 9:30 a.m. CT on the West Constructing, Stage 3, within the Skyline Ballroom, room W375.
