BrainsWay Ltd. Announces Minority-Stake Investment in Hopemark Health
BrainsWay Ltd. has entered into a strategic equity financing agreement with APS Innovations LLC, the parent company of Advanced Psychiatric Management LLC (collectively, “Hopemark Health”). BrainsWay will invest an initial $1.5 million, with a potential for an additional $1.5 million through milestone-based investments, acquiring a minority position in Hopemark Health. This investment is part of BrainsWay's strategy to partner with growth-oriented clinical platforms, aiming to expand awareness and access to advanced interventional psychiatry solutions like Deep TMS. Hopemark Health, a provider servicing mental health clinics in the greater Chicago area, will utilize the capital to scale efficiently and improve patient outcomes. This marks another step in BrainsWay's series of similar transactions with leading North American mental health providers.