Hazel Health, a leading pediatric behavioral health provider, has recently made headlines with its second acquisition of the year. The company has acquired Little Otter, a youth mental health startup, just months after finalizing a deal to purchase BeMe Health.
Little Otter, founded in 2020 by Dr. Helen Egger and Rebecca Egger, offers coaching, therapy, and psychiatric services for children facing mental health challenges and their families. Dr. Helen Egger, a child psychiatrist, serves as the chief medical and scientific officer, while Rebecca Egger, a technology and product development professional, is the CEO of the company.
The acquisition of Little Otter will allow Hazel Health to expand its capabilities and deepen its impact on the children and families it serves. Additionally, the company has appointed Iyah Romm, the founding CEO of Cityblock Health, as its new CEO. Romm’s expertise and leadership are expected to drive further growth and development for Hazel Health.
Acquisitions have been a key growth strategy for Hazel Health, with the recent addition of BeMe Health also contributing to the company’s expansion. Despite the success and growth of the company, there have been recent reports of staff layoffs. However, Hazel Health has stated that these changes were necessary to sustain growth and implement new technologies, such as AI, to enhance services.
With a strong financial backing of at least $86 million and strategic partnerships with public schools and healthcare systems, Hazel Health is poised for continued success and impact in the pediatric behavioral health space. The company’s commitment to providing high-quality, sustainable services remains unwavering, even amidst organizational changes and acquisitions.
