LifeStance Health

LifeStance Health is a tech-enabled in-person mental healthcare provider and telepsychiatry platform. The company offers a range of mental health services for children, adolescents, adults, couples, and families. These include individual therapy, couples counseling, family therapy, psychiatric evaluations, and medication management. The company utilizes a proprietary telehealth platform that allows patients to access services remotely. These services are also available at LifeStance’s clinics while the company also provides additional in-person services including intensive therapeutic programs, cognitive behavioral therapy, dialectical behavioral therapy, and Transcranial Magnetic Stimulation therapy. 

LifeStance Health is one of the largest outpatient mental health platforms in the US by the number of employed clinicians and geographic scale. 

The company filed for an initial public offering in May 2021 and began trading on the Nasdaq under the ticker “LFST” in June 2021. For FY2023, the company reported total revenue of USD 1,055.7 million, representing a 23% YoY increase. LifeStance's growth is primarily driven by expanding its clinician base, increasing visit volumes, and improving revenue per visit. In 2023, the company's visit volumes increased by 20% to 6.9 million compared to the previous year.

Key customers and partnerships

As of December 2023, LifeStance employed approximately 6,645 clinicians, including psychiatrists, advanced practice nurses, psychologists, and therapists. The company operates across 33 states with more than 550 centers.

In May 2023, LifeStance partnered with Gennev, a virtual menopause clinic provider, to offer integrated physical and mental healthcare for menopausal women.