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Workplace psychological well being firm Unmind acquires Frankie Health

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Workplace wellbeing firm Unmind introduced Thursday it acquired Dublin-based worker psychological healthcare platform Frankie Health.

Alongside the deal, the corporate launched Unmind Discuss, an providing based mostly on Frankie Health’s world community of psychological well being suppliers. Unmind Discuss affords staff a customized variety of periods with skilled psychological well being suppliers together with Unmind’s current digital instruments.

Employers may have entry to anonymized knowledge together with analytics on worker turnover, decreased psychological well being and absenteeism. 

Frankie Health’s cofounders James McGann and Seb Poole will be part of Unmind alongside the remainder of the corporate’s workforce.

“Immediately marks a major milestone within the Unmind journey,” Unmind CEO and cofounder Dr. Nick Taylor stated in an announcement. “Unmind will at all times advocate that prevention is healthier than treatment, however with a purpose to fulfill our imaginative and prescient and turn out to be probably the most trusted and efficient world companion for reworking organizational and worker psychological well being, we should do extra. From the very first days of Unmind, we knew we might drive change by combining the perfect of science with scalable digital instruments. Extending that additional by integrating skilled human companies permits us to totally help our members by means of the circulate of care, giving them frictionless entry to high quality practitioners from all over the world.”

THE LARGER TREND

In 2021, Unmind garnered $47 million in Sequence B funding a few yr after it scored $10 million in a Sequence A funding spherical.  

There are a variety of different firms within the employer-focused psychological well being area. Meditation app Calm lately introduced Calm Health, a brand new product provided by means of conventional healthcare trade gamers, corresponding to self-insured employers. 

Earlier this week, Headspace Health stated it will develop its care companies to firms headquartered outdoors the U.S. this yr, beginning within the U.Ok.

Others embrace Singapore-based  MindFi, Fashionable Health and Lyra Health.



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