Population health technology company Color Health on Thursday announced its acquisition of Mood Lifters, a group mental health program for adults and youth.
Color Health’s platform helps to build digital infrastructure for the distribution of health initiatives to reach, screen, and connect people to care. It also develops software that can integrate with public health testing infrastructure. The company teams up with public health agencies, research institutions, employer organizations, health systems and other organizations.
Mood Lifters is a group-based mental health company for issues like stress, depression, anxiety and difficult life situations. It forms groups led by participants who have completed the course themselves.
The new services will allow Color to assist school districts, public health departments and others caring for population health to provide behavioral and mental health treatment at scale.
“At Mood Lifters, we’ve built a program that reduces the personal and economic burden of stress, depression and anxiety,” Dr. Patricia Deldin, cofounder and CEO of Mood Lifters, said in a statement. “Now, with Color, we will be able to realize our shared dream of bringing readily available, high-quality, effective, low-cost, evidence-based care to those who really need it, wherever they are and whatever their means.”
THE LARGER TREND
Last year, Color landed $100 million in Series E funding, bringing the company’s valuation to $4.6 billion. The funding came less than a year after Color closed a $167 million Series D funding round.