Mental health startup Intellect partners with Asia’s largest private healthcare group
MindThe Singapore-based psychological well being platform, which presently serves over three million customers in 20 nations, is getting ready for a brand new part of progress after signing a strategic partnership with IHH Healthcare, Asia’s largest non-public healthcare group. IHH Healthcare will work with Mind to develop and customise digital psychological well being packages for its sufferers, company clients and workers.
IHH Well being additionally invested within the enterprise with out revealing the quantity. IHH Healthcare is Mind’s first strategic investor. Different backers embody Tiger International, Y Combinator, and Insignia Ventures.
Based in 2019, Mind’s markets now embody Malaysia, Singapore, India and Hong Kong. Its platform affords companies comparable to telehealth teaching, remedy or psychiatry, and psychological well being screening, which will be performed on-line or in particular person at an Mind clinic. It additionally has packages based mostly on self-directed cognitive behavioral remedy. Mind has a client app, however primarily focuses on enterprise clients who supply their platform as a well being profit to their workers.
Mind CEO and founder Theodoric Chew instructed TechCrunch that the startup has been in contact with IHH Healthcare for a while resulting from its main place of their market and commenced exploring partnership alternatives final 12 months. One of many targets is to supply a wider vary of upkeep, from preventive upkeep to specialised care within the areas served by the businesses. Chew mentioned IHH Healthcare and Mind will focus first on APAC, but in addition on different areas.
To date, IHH Healthcare’s work with Mind features a pilot initiative with sufferers giving delivery at Gleneagles Hospital, Singapore, and plans to roll out the platform to company purchasers of IHH Singapore’s iXchange and IHH workers.
Ashok Pandit, Head of Technique and Enterprise Growth at IHH Well being Group, mentioned, “Psychological well being issues have an effect on one in 4 folks. We’re happy to spend money on Mind, the market chief on this fast-growing class, to speed up their progress and supply entry to hundreds of thousands extra who want help, care or remedy.”
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