ICAS acquires NHS-commissioned mental health startup Hello Tomo, targets $121B mental health market

While, the global coronavirus pandemic affected mental health around the world — ICAS World Ltd (ICAS), a leading global provider of mental health and employee wellness services, has acquired the NHS-commissioned mental health tech startup, Hello Tomo. The financial details of the deal remain undisclosed.

The acquisition is the first major milestone for ICAS as it rolls out its new global digital health strategy, tapping into the $121 billion mental wellness market and expanding its support for the 790 million people around the world currently affected by a mental health condition. 

Hello Tomo founded in 2016 to help users build and maintain healthy habits to manage depression, anxiety, and overall mental health. The app encourages users to create an anonymous peer support community through photo sharing. It also helps people to form positive associations between their actions and feelings to improve self-management, build resilience and reduce the risk of acute episodes.

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