Behavioral Health Business January 30, 2025
Virtual opioid use disorder (OUD) treatment provider Bicycle Health has achieved profitability after abandoning its “growth at all costs” mindset and streamlining its business model.
The company is now set for long-term, disciplined growth, including acquiring other providers, founder and CEO Ankit Gupta told Addiction Treatment Business. Bicycle will use funds from a new $16.5 funding round to execute this vision.
“The first few rounds of financing were essentially dedicated to growth,” Gupta said. “We shifted our focus towards really being disciplined in where we invest, how we invest, and making sure the unit economics of the business, across all lines of business, … are really positive.”
Changing the company ethos was one key to achieving profitability.
Innovation, necessary for...
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