Psychiatrists and psychologists once ran their own practices. Now the local therapist office could be controlled by a buyout king, The Wall Street Journal reports.
Venture capitalists and private-equity firms are pouring billions of dollars into mental-health businesses, including psychology offices, psychiatric facilities, telehealth platforms for online therapy, new drugs, meditation apps and other digital tools. Nine mental-health startups have reached private valuations exceeding $1 billion last year, including Cerebral. and BetterUp. Read more.
