Iris TeleHealth Expands with Acquisition of innovaTel and NeuroFlow Acquires Quartet
Deal News | Feb 11, 2025 | Concord Health Partners LLC
Concord Health Partners announced that its behavioral health portfolio companies, Iris TeleHealth and NeuroFlow, have made significant acquisitions to enhance their market positions. Iris TeleHealth acquired innovaTel, a division of Quartet, strengthening its telepsychiatry platform and expanding its capacity to deliver quality health services. NeuroFlow, on the other hand, acquired Quartet Health, further establishing its dominance in behavioral health technology and analytics. These strategic transactions, celebrated by Concord's founder James Olsen, aim to improve mental health care access and clinical innovation for patients, while offering substantial growth avenues for both companies.
Sectors
- Behavioral Health
- Healthcare Technology
- Private Equity
Geography
- United States – The activities and companies discussed, including Concord Health Partners and its portfolio companies, operate primarily within the United States.
Industry
- Behavioral Health – The article focuses on behavioral health services, with transactions aimed to expand access and quality in mental health care.
- Healthcare Technology – Involves companies using technology to enhance health services, such as AI-powered platforms and telepsychiatry services discussed in the article.
- Private Equity – The article details actions by Concord Health Partners, a firm in the private equity sector, highlighting investment in healthcare services.
Financials
- – No specific financial details such as deal price or revenue were disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Concord Health Partners LLC | Private Equity Firm | Company | A healthcare-focused investment firm facilitating strategic market expansions in behavioral health. |
| Iris TeleHealth | Acquiring Company | Company | A provider of behavioral health services focused on innovative telepsychiatry solutions. |
| NeuroFlow | Acquiring Company | Company | A behavioral health technology and analytics company enhancing care management with technology. |
| innovaTel | Target Company | Company | A telepsychiatry division of Quartet, acquired to augment Iris's service offerings. |
| Quartet Health | Target Company | Company | A behavioral health care enablement company acquired by NeuroFlow to strengthen its technology platform. |
| James Olsen | Founder and Managing Partner | Person | A key executive at Concord Health Partners involved in strategic investment decisions. |