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Leading Mental Health Provider Sondermind Acquires Integrated Neuroscience Company Total Brain To Revolutionize Mental Wellbeing

Nov 15, 2022•over 2 years ago

Acquiring Company

SonderMind Inc.

Acquired Company

Total Brain

DenverHealth Care

Description

SonderMind announced the acquisition of neuroscience company Total Brain today to revolutionize the way people engage with their mental wellbeing. This paradigm shift in the mental health industry will allow individuals to better understand their mental wellness outside of therapy and integrate digital tools into their therapeutic care. Total Brain’s application and research will allow SonderMind to expand the ecosystem of where people engage with mental health–on their own, at work, or with a therapist–at every stage of their personal journey, with the goal of helping them get better, faster.

Company Information

Company

SonderMind Inc.

Location

1738 WYNKOOP STREET

Denver, Colorado, United States

About

For mental health providers, SonderMind enables clinicians to thrive in a private-practice setting, while having the tools to deliver world-class care for their clients. SonderMind therapists enjoy being part of the premier community of providers who are empowered to focus on high-quality clinical outcomes, while the SonderMind solution takes care of the rest: matching clients who are a clinical fit, payments, telehealth, full technology suite, clinical assessments and a supportive team behind all of it. For people seeking mental health support, SonderMind is centered around a commitment to provide individualized care that produces quality outcomes. Through innovative technology and a focus on the end-to-end journey, SonderMind is able to help millions of Americans not just find a therapist, but to find the right therapist for them. For more information, please visit sondermind.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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