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Healthcare provider raises £14m to expand children’s mental health services

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The UK digital healthcare provider Healios has announced £14m in funding to expand its children’s mental health services in the US.

Healios and its subsidiary Meliora offer children, young people and their families remote mental health support, aiming to reduce waiting times and improve outcomes.

The companies provide self-management apps and online video sessions, including clinical assessments, cognitive behavioural therapy and interventions to children and young people with conditions such as anxiety, depression, eating disorders, autism and ADHD.

The new funding round, led by AlbionVC, InHealth Ventures and Autism Impact Fund, will be used to expand Healios’ services in the US and create new assessment and intervention programmes.

“This new funding from our existing investors, as well as Autism Impact Fund, is a significant milestone in our continued drive to reimagine children’s mental healthcare across the globe,” said Rich Andrews, Healios’ founder and CEO.

“It’s an important recognition of our established clinical reputation of delivering high-quality virtual care and is also a testament to the significant traction we’ve made towards transforming the healthcare system in the UK.

“The funding will enable us to expand the reach of our platform in the US, potentially supporting tens of thousands of more children, young people and families.”

Rob Sarrazin, AIF’s chief investment officer, said: “Autism Impact Fund’s investment in Healios and Meliora reflects our conviction in their business model and our belief in the importance of their family-centric approach to diagnosis and therapeutic intervention.

“This latest investment is AIF’s 11th since launching our first fund in 2021, and it represents another important step in our mission to revolutionise the status quo for diagnosing, treating and living with autism through a venture capital model.”

Richard Bradford, partner at InHealth Ventures, added: “We are delighted to support the incredible work of Healios and Meliora as they continue to lead the way in behavioural health.

“The impact of their work with children and young adults is transformational and we’re excited to be partners in their journey to improve access and patient outcomes in this vitally needed service across the UK and the US.”

Cat McDonald, investment director AlbionVC, said this funding round is an important milestone in helping Healios scale in the US and achieve its mission.

“We can’t wait to continue our partnership with the Healios team, as well as with InHealth Ventures and now AIF,” she added.

Healios has previously completed a £7m Series A funding round and contracted with 62 per cent of England’s NHS mental health trusts and health boards in Scotland and Wales.

 

 

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