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Connections Health Solutions Announces New Growth Financing To Expand Access To Life-Saving Behavioral Health Crisis Care

Oct 05, 2023almost 2 years ago
PhoenixMedicalHealth Care

Investors

North King County CoalitionConnectionsHeritage GroupTown Hall Ventures

Description

Connections Health Solutions, the leading innovator in immediate-access behavioral health crisis care, today announced the closing of a $28 million growth financing raise led by Town Hall Ventures, a firm that invests in healthcare solutions for underserved communities, with participation from existing investor, Heritage Group. The Company will use the funds to accelerate new market entry, meeting community demand for value-based mental health crisis services.

Company Information

Company

Connections Health Solutions

Location

Phoenix, Arizona, United States

About

Connections Health Solutions, LLC is the pioneer of behavioral health crisis care. The Company operates the two largest behavioral health crisis facilities in the nation and provides a range of services to help stabilize and treat people with mental health and substance use diagnoses. Connections’ model emphasizes providing treatment in the least restrictive setting and has demonstrated improved quality and cost savings, including significantly reducing hospital admissions in Medicaid and behavioral health populations. For more information and crisis resources, please visit www.connectionshs.com. We believe that people do best when they don't have to wait a long time to get what they need. As a result, we have created a culture in which we welcome everyone regardless of clinical complexity, provide intervention as quickly as possible, and partner with community support systems to maximize recovery. Our corporate mission is simple: to address any behavioral health need, at any time.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers