Mental Health Partnership LLC Raises $5 Million

Mental Health Partnership LLC raised new investments of $5 million. It plans to use the funding to invest in technology, and to further its expansion strategy. The company, founded in 2019, operates a dozen offices and four practices across Iowa, Idaho, and Texas. Its expansion strategy includes mergers and acquisitions as well as de novo expansion.

With the new funding, the company purchased a minority stake in TheraManager LLC, which offers behavioral health-focused technology tools. TheraManager offers integrated electronic health records, revenue cycle management, telehealth and practice management tools. About 1,000 practices (and up to 7,000 clinical . . .