Lifestance Health (Lifestance) is an American outpatient behavioral health services provider. They provide their services in person and via tele-health. Their services include therapy, psychiatry, TMS, and ketamine therapies. They have landed in lawsuits multiple times over labor violations, leaking of customer information, and misleading investors.
Overview
On February 27, 2025, the company announced that Dave Bourdon would become the company's new chief executive officer, replacing Ken Burdick who had been CEO since 2022. Prior to joining Lifestance, Burdick was the CEO of UnitedHealthcare.[1]
According to Lifestance, they employed 7,400 licensed mental health clinicians as of 2024.[2] In 2023, Lifestance posted a $187 million net loss, which was 12% lower than its loss from 2022. The company additionally closed 82 clinics while opening 35 in what was described as a consolidation effort. Lifestance provides in-person services at 569 locations across 33 states.[2] In addition, they provide