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Market Watch | January 22, 2025

Iris Telehealth Acquires innovaTel Telepsychiatry Services From Quartet Health

Iris Telehealth, which provides behavioral health services for health systems and community health care organizations, acquired innovaTel, a division of Quartet Health. InnovaTel is provides telepsychiatry services with differentiated expertise in treating people with complex conditions. Financial terms were not disclosed.

The acquisition positions Iris Telehealth to become one of the largest telepsychiatry companies in the nation to address growing demand for behavioral health support across diverse populations. Iris Telehealth operated in 42 states while innovaTel operated in 38 states. The company intends to focus on underserved communities.

Andy Flanagan, CEO of Iris Telehealth said, "The acquisition represents a significant . . .

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