Boston-based virtual reality platform XRHealth and Barcelona-based Amelia Virtual Care, both offering different virtual reality-based medical solutions, plan to merge under the XRHealth brand name, subject to shareholder approval from both companies. While XRHealth’s platform enables patients with chronic pain, fibromyalgia, and neurological conditions to connect with a provider via telehealth, Amelia Virtual Care’s platform provides a range of features such as mindfulness, relaxation, gradual exposure, and psychoeducation to help improve mental health. The merger will offer a comprehensive virtual reality platform for patients with mental health conditions.
XRHealth and Amelia Virtual Care have announced plans to merge and form one company under the XRHealth brand. Boston-based XRHealth’s virtual reality platform provides a telehealth service that allows patients to connect with a provider and receive recommended therapies via a virtual reality headset. The platform is designed for patients on the autism spectrum, those with stress and anxiety, chronic pain, fibromyalgia, and neurological conditions. Meanwhile, Barcelona-based Amelia Virtual Care, formerly known as Psious VR, offers a virtual reality platform for mental health professionals to perform assessments and provide interventions such as mindfulness, relaxation, gradual exposure, and psychoeducation.
The merger between the two companies is subject to shareholder approval from both companies. Once finalized, the merger will result in an end-to-end product that addresses privacy and security, compliance and regulation, multiple use cases with a variety of content, and operational tools to support scale. This solution is ideal for providers and third-party companies that want to help revolutionize healthcare with XR software without investing time and money into building all the supporting infrastructure.
XRHealth’s platform is user-friendly and designed for patients to receive therapies from the comfort of their own homes. Patients are provided with a virtual reality headset to use during therapy sessions, which are carried out through telehealth. Data is collected and transferred to the provider, and patients can track their progress via XRHealth’s mobile app.
Amelia Virtual Care’s platform is designed for mental health professionals to perform assessments and provide interventions. The platform offers a range of features such as mindfulness, relaxation, gradual exposure, and psychoeducation to help improve mental health.
The merger between XRHealth and Amelia Virtual Care will offer a comprehensive virtual reality platform for patients with mental health conditions. The platform will enable patients to access a range of therapies and support from mental health professionals in a safe and secure environment.
XRHealth has been expanding its telehealth platform since it received $7 million in funding in 2020. The company also received a $450,000 grant from the Israeli Innovation Authority to provide Israeli hospitals with telehealth services to combat the effects of COVID-19. In 2021, XRHealth announced it had raised $10 million in funding.
Amelia Virtual Care raised €7 million ($7.73 million) in funding in 2020. The company has been focusing on developing its virtual reality platform for mental health professionals to perform assessments and provide interventions.
The merger between XRHealth and Amelia Virtual Care will result in a comprehensive virtual reality platform that offers a range of features and therapies for patients with mental health conditions. The platform will provide patients with access to a range of therapies and support from mental health professionals, enabling them to improve their mental health in a safe and secure environment.
