Digital mental health company SonderMind is acquiring Mindstrong’s technology assets months after the fellow mental health firm laid off more than a hundred workers and shuttered its headquarters, reports Mobi Health News.
The deal includes Mindstrong’s tech and some of the company’s tech-related workforce. According to reporting by Digital Health Business & Technology, about 20 workers will have jobs at SonderMind. The rest of Mindstrong has terminated operations.
SonderMind said the purchase will allow the company to offer more personalized care journeys, clinical notes templates and improved measurement-based services. It will also add to their ability to treat patients with serious mental illnesses.
Founded in 2014, Mindstrong initially focused on developing digital biomarkers to catch early signs of mental illness. Former director of the National Institute of Mental Health Dr. Thomas Insel joined the company in 2017.
It later added virtual therapy and care services, with a focus on serious mental illness. Mindstrong raised $160 million in venture dollars, including a $100 million Series C announced in 2020. Read more.
