Forge Health, a top provider of outpatient mental health and substance use care, has secured a strategic growth investment from MFO Ventures. This funding will support the optimization and expansion of Forge Health’s platform, focusing on nationwide virtual care integration, broadening service offerings, and innovative outreach to underserved communities. The investment will also enhance Forge Health’s commitment to high-quality, affordable care by advancing digital tools, expanding psycho-oncology services, and building new partnerships with health systems and payors for tailored, whole-person care.
Founded in 2016, Forge Health is an outpatient mental health and substance use care provider committed to offering high-quality, affordable, and comprehensive care for individuals, families, and communities, particularly those with moderate to severe conditions. With in-network status with over 30 commercial and government health plans, Forge Health manages more than 300,000 members through value-based partnerships with leading health plans and systems.
Eric Frieman, Co-Founder and CEO of Forge Health, expressed enthusiasm about the new partnership with MFO Ventures: “We are excited to collaborate with MFO Ventures as we transform the behavioral health landscape. MFO’s proven expertise in provider-focused innovation makes them an ideal partner to help us optimize our platform and expand our reach. This investment will strengthen our market position and drive groundbreaking new partnerships.”
Forge Health has a track record of partnering with key stakeholders to enhance access, reduce costs, and improve care quality in mental health and substance use care. The company operates clinics in New Jersey, New York, Pennsylvania, Massachusetts, and New Hampshire, offering both in-person and virtual care through technologically advanced, welcoming offices. Its model integrates multidisciplinary teams, data analytics, and streamlined care delivery to address mental health and substance use issues simultaneously.
Jeremy Moskow, Partner at MFO Ventures, commented: “We are impressed by Forge Health’s mission and transformative potential. Our partnership goes beyond just financial support; it’s about enabling a dedicated team to reshape behavioral health care. We look forward to leveraging our experience to accelerate Forge’s growth and enhance their innovative care.”
The investment from MFO Ventures will fuel Forge Health’s expansion and leverage their value-based care expertise. This strategic growth will help Forge Health enhance its care model and impact, including a new psycho-oncology program announced in April 2024. This initiative will provide integrated mental health and substance use support for cancer patients, including one-on-one counseling and flexible care options.
Paul Martino, Board Chair at Forge Health, added: “We are committed to advancing Forge Health’s mission of transforming behavioral health care. The investment from MFO Ventures will amplify our reach and effectiveness, helping us revolutionize how behavioral health is delivered. We are excited about the potential for meaningful change.”
About MFO Ventures:
Founded in 2022, MFO Ventures is a Florida-based family office investing in early-stage and high-growth healthcare companies. The office leverages the Moskow family’s extensive experience and prior successful ventures to guide its investment strategy.
