January 29, 2025
Today, we are thrilled to officially share news on the future for Quartet and innovaTel. The two entities have been acquired by NeuroFlow and Iris, respectively, opening an important door for the future of quality care in behavioral health. This new chapter will drive even better quality and affordability for more patients living with mental illness across the U.S., and we are excited for this next step for our customers, patients and employees.
The NeuroFlow and Iris acquisitions are a testament to the strength of the businesses we have built at Quartet, and the value we have created across the platform and within the broader behavioral health ecosystem. Both of these companies are leaders in their categories – with NeuroFlow as a core technology provider in behavioral health and Iris being a leading telepsychiatry company for health systems and community clinics. The differentiated competencies that Quartet brings in tech-enabled patient care and innovaTel brings in telepsychiatry services will only further strengthen their core offerings and better position them to transform the way behavioral healthcare is delivered.
Compelling Strategic Benefits of the Combined Organizations
At Quartet and innovaTel, we believe in delivering high quality, whole-person care to those with behavioral healthcare needs – wherever, whenever, and however it’s needed. This dedication to our mission will not change under these new parent organizations. When our leadership team began this process, we were laser-focused on finding organizations that aligned closely with our vision and purpose. In NeuroFlow and Iris, we found like-minded leadership teams that believe in doing the right thing – putting patients first and looking to ensure that care for mental illness is accessible and affordable. Together, our teams will help make this critical, and often overlooked, category of care within reach for everyone we serve.
And, thank you to MTS Health Partners and Gunderson Dettmer for their support with these transactions.
Finally, we want to thank the Quartet and innovaTel teams for all their efforts and hard work – both as a part of this acquisition process and in all they have done to tirelessly serve our patients and customers. You’ve shown an unwavering focus on executing with excellence, and we know that in this next chapter you will continue to deliver the high quality of care and attention that you always have.
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CB Insights named Quartet Health to its second annual Digital Health 150 ranking, which showcases the 150 most promising private digital health companies in the world. Quartet was recognized in the inaugural list last year, as well.
Today, Quartet Health announced a partnership with SilverCloud Health to offer clinically-validated digital mental health support to its patients nationwide. Through the collaboration, patients connected to care through Quartet can use SilverCloud’s computerized cognitive behavioral therapy (cCBT) tools to access digital mental health services via smartphone, smartwatch, tablet, or computer.
For the fourth time, Quartet was selected as one of Modern Healthcare’s Best Places to Work in Healthcare. The complete list of this year’s winners, in alphabetical order, is available at ModernHealthcare.com/bestplaceslist. Modern Healthcare will publish a special supplement featuring a ranked list of all the winners in October. Quartet was also honored as one of the Best Places to Work in Healthcare in 2016, 2017, and 2019.