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MindBeacon completes acquisition of US-based, Harmony Healthcare, accelerating its North American expansion.

source
https://finance.yahoo.com/news/mindbeacon-completes-acquisition-us-based-124900351.html

November 1, 2021

MindBeacon Holdings Inc. (TSX: MBCN), a leading provider of digital mental and behavioral health therapy across the entire continuum of care, today announced that it has closed the acquisition of all the issued and outstanding shares of Harmony Healthcare from the largest pure-play provider of mental health and substance abuse treatment in the Unites States. The transaction marks an important milestone in the Company's North American expansion and provides MindBeacon with scale and presence in the United States.

Harmony Healthcare provides a full spectrum of mental health and addiction treatment for children, adolescents and adults in the State of Nevada. Harmony's services include Employee Assistance Program (EAP), individual and group therapy, medication management, substance abuse programs, crisis management and inpatient, utilization review and utilization management services. Harmony has built a strong reputation for concierge level service with its commercial, labour and trust clientele over the past 30 years.

MindBeacon will bring its digital mental health solutions to Harmony's current and future customers across the United States, supporting government, labour and trust organizations, regional health plans, and other risk-bearing providers. Harmony will expand the capabilities that MindBeacon can offer to their current customers across Canada and the United States. Harmony's clinical expertise and infrastructure, coupled with MindBeacon's innovative technology solutions will enable MindBeacon to accelerate its US expansion plans.

"We're thrilled to have Harmony, its CEO Allen Flagg, and the Harmony leadership team join the MindBeacon family", said Dan Clark, CEO of MindBeacon. "I've followed Harmony for the last several decades and long respected the strong customer loyalty they have built based on their clinical excellence, proven outcomes and unwavering dedication to customer service."

ABOUT MINDBEACON HOLDINGS INC.
MindBeacon provides a continuum of mental healthcare that includes self-guided psychoeducational and wellness content, Peer-to-Peer Support, Therapist Guided Programs and Live Therapy Sessions all offered virtually through its secure and private platform. As one of the first commercially available, digitally-native platforms to offer therapist-assisted internet-based Cognitive Behavioural Therapy in Canada, MindBeacon's professional service is designed around end users – their health, their way. Working with employers, insurance carriers and government ministries, MindBeacon offers services that are accessible, available, affordable and, most importantly, proven to be effective. MindBeacon is changing the therapy landscape by making professional care available to every Canadian, no matter when, where and how they choose to access it.
For more infortion at:
https://www.mindbeacon.com/

ABOUT HARMONY HEALTHCARE
Harmony Healthcare has been a leader in the behavioral health services industry servicing the Las Vegas community for the last 30 years. Harmony Healthcare provides specialized employee benefit programs for health plan carriers with approximately 300,000 covered lives for self-insured/multi-employer Taft Hartley funds, private industry employers, public sector agencies and third-party administrators. Additionally, Harmony Healthcare complies with the highest industry standards in all areas of clinical service delivery and operations.
For more infortion at:
https://www.harmonyhc.com/