Behavioral Health Business January 15, 2025
Over the last decade, there has been an explosion of behavioral health startups in the market.
The vast majority of those companies focus on lower acuity care for commercial pay patients or employer-based programs. Despite the need for services, startups have largely ignored the underserved population with public health insurance.
But Nashville, Tennessee-based Peregrine is looking to change that paradigm. Founded in 2019, the behavioral health company partners with Federally Qualified Health Clinics (FQHCs), Rural Health Clinics (RHCs) and other primary care providers to help provide behavioral health services and operational support products.
The company recently closed a $5 million equity funding round led by BIP Ventures, Martin Ventures, and Chapman Capital.
Primary care practices, including FQHCs and RHCs, are...
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