UpLift, a behavioral health company, announced On Monday, the company announced it had acquired TAO Connect, a mental health company for higher education institutions.
Based in Tampa, Florida uplift Provides virtual access to talk therapy, psychiatric, and medication management services. The company has a national network of approximately 2,000 providers and accepts insurance including Aetna, Cigna and UnitedHealthcare.Based in Clearwater, Florida TAO Connect We provide higher education institutions with online, interactive programs and tools designed to address mental health. It offers modules on a variety of topics, including how to spend your first year of college, how to improve your concentration, and preventing sexual assault.
UpLift's acquisition of TAO Connect was made in a combination of cash and stock, but the companies did not share the purchase price. The companies are currently launching TAO by UpLift, which serves educational institutions.Access to comprehensive higher education mental health solutions and continuity of care designed to complement the facility's counseling service offerings are all covered by insurance. ” according to the announcement.
With this acquisition, UpLift now serves more than 170 enterprise customers in the United States and Canada. The target audience is her 4 million people, including her more than 2 million students in more than 120 higher education institutions.
“Lack of access to affordable behavioral health care is a major contributing factor to America’s mental health crisis, and even in the face of pressure from academia, students are becoming increasingly anxious, depressed, and lonely. We are fighting and suffering,” he said. UpLift founder and CEO Kyle Talcott said in an email. “TAO is already in the field and is a 10-year proven higher education institution with clinically validated mental health care solutions and self-guided services that complement the institution's counseling service offering. We provide students with tools and resources.
In response to a question about how TAO Connect fits into UpLift's operations, Talcott said the company will continue to “continue business as usual in terms of continuing the great momentum the TAO team has had in serving TAO's higher education customers.” I think of it as a business.” He added that UpLift has retained the majority of his TAO team.
“We have plans for both short-term and long-term product integration, including creating synergies through seamless student referrals and care escalation processes, which our product and engineering teams are reviewing.” said Talcott. “Of course, we have also begun offering UpLift clinical services to higher education institutions.”
The acquisition comes at a time when 77% of college students struggle with mental health issues and 53% lack access to care, according to the magazine. American University Health Association.Furthermore, recent investigation When students surveyed why they didn't seek care, 51% said they thought the cost of care was too high, 27% thought the wait time was too long, and 27% said they couldn't find care.
Dr. Sherry Benton, founder of TAO Connect, said the company shares goals with UpLift and the acquisition will help achieve those goals.
“Like UpLift, TAO Connect was created to meet the growing demand for more accessible and better mental health care treatment options and solutions, including telehealth,” Benton said in an email. Ta. “As part of UpLift, we are now able to more effectively address the unmet needs of the higher education market and offer a continuum of mental health care, including team-based treatment and psychiatry. .”
UpLift's acquisition of TAO Connect comes after the company obtained I noticed it in November. Minded is an online psychiatry provider focused on women. Also UpLift in July announced The company raised $10.7 million in Series A funding, bringing its total funding to more than $22 million.
Other companies also provide mental health care to college students. timely care and mild behavioral health.
Photo credit: Bohdan Skrypnyk, Getty Images
