UnitedHealth's Optum to acquire virtual therapy provider Ableto for $470M.
“Mismatch between supply and demand for mental health services is massive and growing, making virtual care models that scale a winning value proposition. Without the stigma associated with in-person visits, barriers to care-seeking on the part of patients may free up latent demand for service grow.”
Tom Cassels, president of Rock Health, a venture firm dedicated to digital health.
In a time where telehealth is needed more than ever Optum looks to use AbleTo to provide medical and economic relief to those who have been affected by Covid-19.