Iris Telehealth announced on January 21 the acquisition of InnovaTel, a division of Quartet Health. Financial terms of the deal were not disclosed.
InnovaTel is a clinically-led mental health as a service platform dedicated to improving mental health outcomes for individuals and communities by providing timely access to a national network of qualified psychiatrists, psychiatric nurse practitioners and licensed clinical social workers. InnovaTel by Quartet Health is backed by private equity firm Canyon Healthcare Partners.
Iris Telehealth helps healthcare organizations increase access to behavioral health care for their patients by providing the care models, clinicians, analytics and expertise to build a sustainable behavioral health program.
The acquisition highlights Iris Telehealth’s commitment to expanding access to telepsychiatry services and addressing the growing demand for behavioral health support across diverse patient populations. It positions Iris Telehealth to become one of the largest telepsychiatry companies in the nation, according to the original deal press release from January 21, 2025.
According to data captured in the LevinPro HC database, this acquisition represents the 28th eHealth transaction of 2025, and the fifth in the telehealth specialty. There were 42 telehealth deals announced during 2024, 60 announced during 2023 and 55 announced during 2022.
