InnovaTel Telepsychiatry, an Erie, Pennsylvania-based provider of psychiatric telehealth services to adolescents and adults, received a private equity investment from Canyon Healthcare Partners.
The amount of the deal was not disclosed. Under the terms of the investment, InnovaTel will add three new voting members to the Company’s Board of Directors, including Dr. Charles Gordon, M.D., Co-Founder of Texas Spine & Joint Hospital of Tyler, Texas, Young Chang, Partner at Potenza Capital in New York, and Christopher McFadden, Managing Partner of Canyon Healthcare Partners.
The company intends to use the funds to expand its multi-state platform and its technology and corporate staff.
Founded in 2014 by CEO Jon Evans, InnovaTel Telepsychiatry provides multi-state platform for delivering telepsychiatry services to patients receiving medical care at clinics and hospitals.