InnovaTel Telepsychiatry Receives Investment Funding From Canyon Healthcare Partners

InnovaTel Telepsychiatry (InnovaTel), a leading provider of telecommunication health services, has received a private equity investment from Canyon Healthcare Partners (Canyon), a company that invests in commercial-stage health care companies. The funding will allow InnovaTel to expand its telepsychiatry services to underserved health care consumers across multiple states, invest in technology, and hire additional staff.

Terms of the equity investment include the addition of three new voting members to InnovaTel's Board of Directors, of which one will be filled by a Canyon managing partner. InnovaTel will also extend its relationship with Ben Franklin Technology Partners of Central &amp . . .