Foley & Lardner LLP represented Talkiatry, a national mental health practice that provides in-network psychiatry and therapy through telehealth technologies, in its $130 million Series C funding round led by led by Andreessen Horowitz (a16z) with participation from Perceptive Advisors and debt financing provided by Banc of California.
Talkiatry provides access to top-tier psychiatric care and mental health support covered by patients’ insurance. Talkiatry plans to use the new funds to expand its value-based care model for behavioral health, reducing total cost of care, improving health outcomes, and producing real savings for patients, health plans, and health system or provider group partners.
Partner Thomas Ferrante, a member of Foley’s national Telemedicine & Digital Health Industry Team, advised Talkiatry on its Series C funding round.
The Telemedicine & Digital Health Industry Team helps venture-backed and high-growth companies embrace emerging issues in virtual care, enabling them to provide innovative care for patients in new markets around the block and around the world. Foley is committed to helping entrepreneurs fulfill their goals of harnessing new technology to reach patients anywhere, delivering care without borders or geographic limitations. The firm helps create fully-fledged telemedicine offerings, providing end-to-end legal services by coupling precise strategic guidance with rapid turnarounds to maintain that sense of urgency necessary to launch new initiatives and remain competitive in the marketplace.
Learn more at www.foley.com/telemedicine.
