April 28, 2020
UnitedHealth Group's Optum is reportedly in late-stage talks with AbleTo regarding a roughly $470 million acquisition of the virtual behavioral-care company, according to unnamed sources who spoke to CNBC.
Optum is already a stakeholder in the New York company, having provided a "significant investment" through its Optum Ventures arm back in January of 2019.
At the time, Optum Ventures Principal...
August 14, 2019
Dr. David Rhew has announced that he is leaving Samsung, where he served as the chief medical officer and VP of Enterprise Healthcare, to join Microsoft as the new chief medical officer and VP of healthcare at the Worldwide Commercial Business division. According to a Microsoft blog post announcing his new position, Rhew holds six U.S. patents for clinical decision support systems,...
April 12, 2019
From virtual therapy to mindfulness and meditation aids, there’s little shortage of digital tools catching investors’ eyes and breaking into the crowded behavioral health market. Although a number of these services are positioning their business to focus on payers and employers, many others are taking their products directly to consumers via monthly subscriptions, one-time retail purchases or...
March 6, 2019
This morning New York-based startup AbleTo announced that it has acquired fellow virtual mental health startup Joyable for an undisclosed sum (though the company told CNBC the deal is in the tens of millions).
As part of the deal, AbleTo users will gain access Joyable’s mental health coaching app. According to a statement, the coach matches face-to-face therapy outcomes. In addition to the...
July 24, 2018
Behavioral health technology provider AbleTo has announced Trip Hofer as its new CEO. Hofer most recently held the title of president of accordant health services as CVS Specialty, and prior to that held senior positions at OptumHealth and Health Dialog.
“I am thrilled to join an organization whose singular purpose is to tackle one of the biggest challenges facing our country: the behavioral...
June 22, 2018
Behavioral health technology company AbleTo has raised an additional $8.5 million in funding, according to an SEC filing released Wednesday.
The company most recently brought in $36.6 million in September 2017, and with the additional backing has raised a total of $65.9 million. Its existing backers include Bain Capital Ventures, 406 Ventures, Sandbox Industries, HLM Venture Partners, Horizon...
February 7, 2018
Stephen Friend, a key driver of Apple’s recent healthcare efforts, appears to have quietly left the company in November 2017, according to a LinkedIn profile in which he refers to himself as “an independent entrepreneur.” Friend had been at the company for less than two years, and according to Apple Insider was providing security, privacy, and consent expertise to the company’s various healthcare...
January 11, 2018
At long last, the Office of the National Coordinator for Health IT has named a new chief privacy officer. The post has been vacant since Deven McGraw left the acting chief privacy officer post in October, and some in the industry speculated the Trump administration would not fill the post at all.
Instead, Kathryn Marchesini, the agency’s Senior Advisor and Deputy Director for Privacy, is being...
September 5, 2017
Behavioral health technology company AbleTo secured $36.6 million in financing last week, led by Bain Capital Ventures, and all of its existing investors -- 406 Ventures, Sandbox Industries, HLM Venture Partners, and Horizon Healthcare Services -- participated in the Series B round as well. Strategic investor Aetna also chipped in.
With the fresh investment, AbleTo plans on turbocharging the...
April 4, 2017
New York City-based AbleTo, a tech-enabled behavioral health company that offers a digital platform to connect people with licensed therapists and coaches, has launched a three-minute assessment tool designed to screen people for common behavioral health conditions such as anxiety and depression.
It’s a departure from the company’s usual strategy. Rather than requiring an individual whose...