Behavioral Health Business January 21, 2025
Iris Telehealth has acquired innovaTel, a now-former division of Quartet Health, in what could be the first of other acquisitions by the company.
Announced Tuesday, the deal marks a notable consolidation in the health care enterprise-focused digital behavioral health space. It gives Iris Telehealth additional scale via several overlapping markets it shared with innovaTel. Before the deal, Iris Telehealth operated in 42 states while innovaTel operated in 38 states, Andy Flanagan, CEO of Iris, told Behavioral Health Business.
Flanagan also said Iris Telehealth has been very active and will continue to be active in considering additional deals.
“When we find a company that gets us deeper into a diagnosis or a demographic and their business model aligns with ours, we’re...
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