Livongo Acquires MyStrength to Integrate Chronic Care and Behavioral Health Solutions

VCBeat (WeChat ID: vcbeat) has learned that on January 30, 2019, digital health company Livongo announced the acquisition of behavioral health company MyStrength. Livongo has not disclosed the specific acquisition price, but its CEO, Glen Tullman, stated, “The acquisition price reached tens of millions.”

It is understood that Livongo is a digital health company focused on providing care solutions for patients with chronic conditions. MyStrength is a behavioral health company dedicated to helping clients manage a range of mental health conditions, including depression, anxiety, insomnia, and substance use disorders.

In the United States, approximately 135 million people suffer from at least one chronic disease, and about 20% of adults experience behavioral health issues. Chronic diseases and behavioral health problems have become threats that cannot be ignored. Furthermore, research indicates that patients with chronic diseases are more prone to developing behavioral health issues, with depression being highly prevalent among this population.

Glen Tullman stated, “The acquisition of MyStrength is our first strategic investment, enabling us to expand into the behavioral health sector and thereby address our clients’ health needs more comprehensively. Prior to the acquisition, we conducted a thorough evaluation of MyStrength. It is evident that MyStrength is a leader in the behavioral health field, boasting a substantial client base and high customer satisfaction. Furthermore, the behavioral health solutions provided by MyStrength are also beneficial for patients with chronic diseases.”

It is understood that following the acquisition, Livongo will integrate resources to enable customers to address both chronic conditions and behavioral health issues on a single platform. During the integration period, myStrength customers will continue to have access to services. Livongo has committed to consolidating the two companies’ resources onto one platform and completing the platform upgrade within several months. Additionally, all myStrength employees will transition to Livongo to continue their work. Furthermore, Livongo plans to expand the myStrength team size and office space.

Scott Cousino, CEO and Co-Founder of myStrength, stated, “From every perspective, myStrength and Livongo are highly compatible partners. Following the acquisition, we will focus on both the physical and behavioral health of our clients, delivering broader and more personalized services.”

Livongo, founded in 2014, is a digital health company dedicated to providing care solutions for patients with chronic conditions, helping them lead healthier lives. Leveraging extensive data and information, the company has built a health platform that delivers timely, actionable, and personalized health interventions to individuals with chronic diseases.

MyStrength, founded in 2011, is a recognized leader in the field of digital mental health. The company has developed a mobile application platform that integrates self-tracking, education, community tools, and other app-based resources to provide customers with personalized self-care plans, helping them address a range of behavioral health issues.

(Compiled by Jiao Yanli)