LifeStance Health Group, which provides outpatient mental health services, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
LifeStance states that it has built one of the nation's largest outpatient mental health platforms based on number of clinicians and geographic scale, utilizing a tech-enabled in-person and virtual care delivery model. Its clinicians offer a comprehensive suite of mental health services, spanning psychiatric evaluations and treatment, psychological and neuropsychological testing, and individual, family, and group therapy.
The Scottsdale, AZ-based company was founded in 2017 and booked $447 million in revenue for the 12 months ended March 31, 2021. It plans to list on the Nasdaq under the symbol LFST. LifeStance Health Group filed confidentially on February 16, 2021. Morgan Stanley, Goldman Sachs, J.P. Morgan, and Jefferies are the joint bookrunners on the deal. No pricing terms were disclosed.
