KKR Forms Geode Health to Increase Access to Mental Health Care
June 09 2021 - 4:15PM
Business Wire
New Platform to Provide Quality-Centric
Outpatient Mental Health Services
KKR today announced the creation of Geode Health (“Geode” or the
“Company”), a mental health services company that will partner with
leading psychiatrists, psychologists, and therapists to offer
high-quality in-person and virtual outpatient care to adults and
children in the United States. Geode provides comprehensive support
for mental health professionals, enabling them to increase access
and augment outcomes for their patients. The Company intends to
partner with existing providers and open new clinics to fulfill the
substantial unmet need for high-quality mental health services.
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Gaurav Bhattacharyya, a proven multi-site health care services
executive, will serve as Chief Executive Officer of Geode. Most
recently, Mr. Bhattacharyya served as CEO of Elite Dental Partners,
a dental support organization with 100+ offices across 12 states.
Previously, he was Division Vice President at DaVita, a leading
provider of renal and outpatient multi-site health care
services.
Geode has also appointed Mike King to serve as Chief Operating
Officer. Mr. King was most recently General Manager at Cityblock
Health, a leading Medicaid- and duals-focused value-based care
platform. Previously, Mr. King was COO at Impact Fitness and
Division Vice President at DaVita.
“While 1 in every 5 Americans suffers from mental illness,
treatment options remain considerably less prevalent – a gap that
has unfortunately only widened as a result of COVID-19,” said
Gaurav Bhattacharyya. “With Geode, we hope to address this urgent
need and enable better clinical outcomes for more patients by
building a scaled, provider-focused mental health services
platform.”
“We are excited to partner with Gaurav, Mike and the rest of the
team at Geode on such a critical mission and look forward to
supporting them with the resources and capital needed to expand
high-quality access to mental health care for many patients in
need,” said Ali Satvat, Co-Head of Americas Health Care Private
Equity and Global Head of Health Care Strategic Growth at KKR.
For KKR, the investment is being funded through the firm’s
Health Care Strategic Growth strategy, which is focused on
investing in high-growth health care-related companies for which
KKR can be a unique partner in helping reach scale. KKR has
established a strong track record of supporting health care
companies, having invested approximately $14 billion across the
sector since 2004.
About Geode Health
Headquartered in Chicago, Illinois, Geode Health is a rapidly
growing provider of outpatient mental health services to adults and
children in the United States. Geode is committed to partnering
with psychiatrists, psychologists and therapists to deliver
high-quality care and to increase access to in-person and virtual
outpatient services. For additional information about Geode Health
or to receive updates, please visit www.geodehealth.com.
For providers interested in partnering with Geode Health, please
email partnership@geodehealth.com or careers@geodehealth.com.
About KKR
KKR is a leading global investment firm that offers alternative
asset management and capital markets and insurance solutions. KKR
aims to generate attractive investment returns by following a
patient and disciplined investment approach, employing world-class
people, and supporting growth in its portfolio companies and
communities. KKR sponsors investment funds that invest in private
equity, credit and real assets and has strategic partners that
manage hedge funds. KKR’s insurance subsidiaries offer retirement,
life and reinsurance products under the management of The Global
Atlantic Financial Group. References to KKR’s investments may
include the activities of its sponsored funds and insurance
subsidiaries. For additional information about KKR & Co. Inc.
(NYSE: KKR), please visit KKR’s website at www.kkr.com and on
Twitter @KKR_Co.
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Media Cara Major or Miles Radcliffe-Trenner (212)
750-8300 media@kkr.com
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