MindBeacon Holdings Inc. acquired Harmony Healthcare from Acadia Healthcare. Financial terms were not disclosed. Toronto-Canada-based MindBeacon provides digital behavioral health treatment. Harmony provides behavioral health treatment for children, adolescents, and adults in Las Vegas, Nevada. Harmony’s leadership will join MindBeacon.
Harmony provides specialized employee benefit programs for health plan carriers with approximately 300,000 covered lives for self-insured/multi-employer Taft Hartley funds, private industry employers, public sector agencies, and third-party administrators. Harmony’s services include an Employee Assistance Program (EAP), individual and group therapy, medication management, addiction treatment programs, crisis management and inpatient, utilization review and utilization management services.
The deal provides MindBeacon with scale and presence in the United States. MindBeacon intends to bring its digital mental health solutions to Harmony’s current and future customers, including commercial and labor and trust organizations, regional health plans and other risk-bearing entities. Harmony’s clinical expertise and infrastructure will help MindBeacon expand the capabilities offered to current customers across Canada and the United States.
MindBeacon provides a continuum of mental health care that includes self-guided psychoeducational and wellness content, peer-to-peer support, therapist guided programs and live therapy sessions all offered virtually through its secure and private platform. As one of the first commercially available, digitally-native platforms to offer therapist-assisted internet-based cognitive behavioral therapy in Canada, MindBeacon’s professional service is designed around end users. It works with employers, insurance carriers, and government ministries.
This was reported by MindBeacon Holdings Inc. on November 1, 2021.
Contact information: Dan Clark, Chief Executive Officer, MindBeacon Holdings Inc., 175 Bloor Street East, Suite 801, North Tower, Toronto, ON M4W 3R8; Website: https://www.mindbeacon.com/contact/.
