Behavioral Health Business February 26, 2024
Substance use disorder (SUD) provider Eleanor Health has raised $22.23 million for its value-based care platform, according to an SEC filing.
This new infusion of capital brings the company’s total raise to roughly $104 million. According to the SEC filing, the Waltham, Massachusetts-based provider plans to sell up to $30 million in equity in this funding round.
Behavioral Health Business has reached out to Eleanor Health for comment.
Eleanor is a hybrid SUD and mental health care provider that uses a value-based care payment model. It provides virtual and in-person treatment for people living with addiction. Eleanor allows patients to access medication-assisted treatment (MAT), therapy and peer support. The provider has locations in Louisiana, Massachusetts, New Jersey, North Carolina, Ohio,...
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