Lyra Health Expands Pediatric Mental Health Services Through Acquisition of Bend Health Inc.
In a strategic move aimed at bolstering mental health support for children and adolescents, Lyra Health, a prominent provider of employer-sponsored mental health benefits, has officially acquired Bend Health Inc., a company recognized for its expertise in pediatric mental health care. This acquisition comes at a crucial time, as recent studies indicate that nearly one in five children in the United States is affected by a mental, emotional, or behavioral disorder. Alarmingly, estimates suggest that approximately 80% of these children do not receive the specialized care they need.
Founded in 2015, Lyra Health has rapidly expanded its services, now boasting over 20 million members globally. With this acquisition, Lyra aims to significantly enhance its capabilities in pediatric mental health and neurodiversity. The integration of Bend Health’s specialized providers, comprehensive neuropsychological evaluations, and virtual intensive outpatient care will enable Lyra to offer more tailored support for families grappling with mental health issues.
Jennifer Schulz, CEO of Lyra Health, expressed her enthusiasm about the acquisition, stating, “Lyra and Bend already share a common mission and culture. Welcoming the Bend team into Lyra expands the impact we can have and will help us achieve our joint vision of fully comprehensive whole person, whole family care, through every life moment and stage.” This alignment underscores their commitment to transforming mental health care by making it more accessible and effective for young individuals.
Kurt and Dr. Monika Roots, co-founders of Bend Health, also shared their optimism regarding the partnership, noting, “We’re thrilled to join the Lyra team. We already share a joint dedication to outcome-driven, evidence-based holistic care that supports both individuals and whole families.” Their shared commitment to evidence-based practices highlights a growing trend in mental health care—an emphasis on integrating various treatment modalities to improve outcomes.
The acquisition of Bend Health not only strengthens Lyra’s existing offerings but also reflects a broader recognition of the urgent need for enhanced support systems in pediatric mental health. As the mental health crisis among youth continues to escalate, this partnership aims to provide innovative solutions that will help families navigate the complexities of mental illness. With the incorporation of Bend’s specialized services, Lyra Health is positioned to play a pivotal role in addressing the significant gap in mental health care for children, ultimately aiming to foster healthier, more resilient communities.
As discussions around youth mental health grow in prominence, collaborations like that of Lyra and Bend may prove crucial in creating comprehensive support networks that prioritize the mental well-being of future generations. This acquisition marks a significant step toward a more proactive approach in mental health care delivery, aiming to make a positive, lasting impact on families in need.
