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Cortica Closes $75 Million In New Funding Round And Acquires Springtide Child Development

Apr 18, 2023•over 2 years ago

Acquiring Company

Cortica

Acquired Company

Springtide Child Development, Inc.

San DiegoTrumbullMedicalHealth CareNon Profit

Description

Cortica, the leading physician-led autism services company that treats the whole child and helps children with developmental differences thrive, has closed a $75 million financing and acquired Springtide Child Development. The funding round was led by Deerfield Management and Optum Ventures. In the acquisition of Springtide, a premier integrated data-driven autism provider in the Northeast, Springtide's investors have rolled their equity entirely into Cortica. Cortica has also acquired the Melmed Center, a leading developmental pediatrics clinical and research group based in Arizona. The company now owns and operates 23 integrated autism centers across the country.

Company Information

Company

Cortica

Location

San Diego, California, United States

About

Cortica's mission is to design and deliver life changing care – one child, one family, one community at a time. Founded in 2017, Cortica now employs more than 1,800 experts across disciplines, including pediatric neurologists, developmental pediatricians, epileptologists, pediatric nurse practitioners, speech language pathologists, occupational therapists, physical therapists, music therapists, board certified behavior analysts, marriage and family therapists, and more. The researchers and physicians in the company's Cortica Innovation Network conduct outcomes research, serve as global leaders in clinical trial recruitment, and have assembled the largest long and wide dataset in autism and neurodevelopment. Cortica will serve more than 12,000 children and their families this year.

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