The Swedish digital healthcare provider has acquired the Cambridge-based digital mental health platform.
Stockholm-headquartered digital healthcare provider Mindler has acquired Cambridge-based ieso Digital Health UK. The strategic move brings together two clinically advanced platforms in digital mental healthcare and will give Mindler access to ieso’s existing contracts with the NHS in England and Scotland.
Financial terms have not been disclosed.
Mindler’s acquisition of ieso’s UK entity hopes to create a market-leading digital mental health platform: combining Mindler’s pan-European digital therapy platform with ieso’s video and typed cognitive behavioural therapy (CBT), and AI-powered clinical tools.
The British firm’s contracts, which include one third of the integrated care systems (ICSs) in England as well as a national contract in Scotland, will continue.
“ieso’s work in the UK has set a gold standard for scalable, evidence-based digital therapy. We are thrilled to bring their expertise, clinical insight, and NHS relationships into the Mindler group,” said Erica Larson, group chief executive at Mindler
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All patient health data will remain under the ownership of ieso Digital Health UK and is stored securely, in full compliance with NHS data governance standards. The data is protected with privacy and security built into every layer of the platform. ieso Digital Health UK will integrate into the Mindler brand, while ensuring continuity of service for partners and patients.
Charlotte Housden, UK managing director of ieso Digital Health UK, will remain in her current position.
The acquisition follows Mindler’s recent acquisitions of Finnish med-tech startup Medified and The Sandbox, a UK-based innovative digital mental healthcare service for children and young people, as part of its strategy to strengthen and scale its digital mental health services across Europe.
At the beginning of August, Mindler signed €15 million ($17.5 million) in equity and debt funding led by Claret Capital, joined by Luminar, Back in Black Capital, South Bay Ventures and Health Runner. It has raised $34.1 million to date.
