InSight Telepsychiatry and Regroup Telehealth have merged to become the largest telepsychiatry service provider in the US.
The merger between InSight and Regroup brings together a network of providers and a group of clinical and executive leaders with experience and expertise across different care settings and patient populations for underserved individuals and communities. This joint effort is expected to increase delivery of mental health services across the country.
Geoffrey Boyce, CEO of InSight, will head the new combined organization. Founder and CEO of Regroup David Cohn will serve as Chief Growth Officer and maintain a seat on the board of directors for the newly combined organization.
InSight Telepsychiatry, based in Mt Laurel, NJ, has more than 20 years of telepsychiatry experience and serves hundreds of organizations in various settings with its on-demand, scheduled and direct-to-consumer (Inpathy) divisions.
Regroup, founded in 2011 and based in Chicago, brings customized telepsychiatry solutions, technology and comprehensive support teams that contribute to the integration of behavioral health clinicians at partner care sites. It has backing from a group of funders including the Hyde Park Angels and Frist Cressey Ventures.
Investors in the combined company include Harbour Point Capital, HLM Venture Partners, OCA Ventures, OSF Ventures, and Impact Engine. Ziegler, a specialty investment bank, represented Regroup in the merger process.