Thriveworks acquires Synchronous Health, expanding access to mental health services within primary care health systems
LYNCHBURG, Va., October 2, 2024 –: Thriveworks, a leading provider of in-person and online mental health services nationwide, today announced its acquisition of Synchronous Health, an innovative behavioral healthcare provider that combines person-to-person telehealth sessions with its digital platform, Karla®, that leverages AI to deliver coaching support between sessions.
This acquisition will expand access to quality mental health services within the health systems in which Synchronous Health is embedded, including Tufts Medicine, Adventist Health, and the Medical University of South Carolina (MUSC Health). Thriveworks, which offers comprehensive in-person and online therapy services in 340+ locations across the country, will broaden the reach and scale of these integrated behavioral health models, delivering positive overall health outcomes and lowering the total cost of care to even more patients.
“This acquisition is a significant step in Thriveworks’ commitment to treating whole person health, a vision shared by the Synchronous Health team and backed by their deep expertise in behavioral health and its integration within health systems. It is estimated that up to 75% of primary care visits include mental health issues, something I saw firsthand during my time as an emergency room physician,” said Dr. Dan Frogel, CEO of Thriveworks.
“We’re excited to build on the incredible foundations they have laid within the primary health ecosystem, to expand access to quality mental health care and get more patients the right type of care they need, when they need it,” he continued.
Bill Wing, CEO of Synchronous Health said, “Synchronous Health, like Thriveworks, is clinician-founded and led. We have a shared goal of improving people’s lives through accessible, quality mental health services while also prioritizing the needs of the clinician so they can focus on what they do best. I look forward to seeing how we can make an even greater impact on overall health outcomes.”
About Thriveworks
Thriveworks is a leading mental health provider of therapy and psychiatry services with more than 340 offices and 2,200+ clinicians in 49 states and Washington, D.C. Thriveworks offers online and in-person mental health services to individuals of all ages, from adults to teens to children, helping them with their unique individual and relationship challenges. Established by Anthony Centore, Ph.D., in 2008, Thriveworks is clinician-founded and -led.
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About Synchronous Health
Synchronous Health is a leading provider of evidence-based and measurement-based behavioral health care. Participants receive care from a national network of credentialed behavioral health providers who also use Karla®, an AI bot, to deliver precision support between sessions. With a mission to achieve the best of what it is to be human, thus creating a kinder world with a vision to make well-being accessible to all, Synchronous Health leverages the best of what humans and technology offer to both improve access to care and deliver innovative approaches to care. Its customers include health systems, payers, employers, and education systems.
Media Contacts
Jennifer Bagnall
VP of PR and Communications
pr@thriveworks.com
