REG - Kooth PLC - Kooth launches service partnership with Aetna

KoothAnnouncement

20/08/2024 07:00

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RNS Number : 0103B  Kooth PLC  20 August 2024

20 August 2024

Kooth plc

 

("Kooth" or the "Company" or the "Group")

 

Kooth launches service partnership with Aetna Better Health® of Illinois

 

Partnership sees Kooth's platform delivering mental health services to
thousands of Medicaid children and young people in Illinois

 

Kooth (AIM: KOO), a global leader in youth digital mental well-being, today
announces it has begun the delivery of its services as part of its initial
one-year partnership with Aetna Better Health® of Illinois. Kooth's services
are now live across locations in the east, Midwest and west coast of the
United States, and this contract with Aetna represents Kooth's first private
sector engagement in the country.

 

Over 1.5 million children were enrolled to Medicaid in Illinois alone last
year 1  and research from the National Alliance for Mental Illness states one
in six youths in the US aged six to 17 experience a mental health disorder
every year. It also indicates a substantial gap in mental healthcare access
for adolescents and young people in Illinois. 2  This partnership enables
Kooth to deliver its platform to the thousands of children and young people in
Illinois' Medicaid population who find themselves dealing with issues related
to mental health.

 

The partnership will initially focus on offering 11,000 young people across
three counties in Illinois access to safe, confidential, and moderated
content, community, and professional support from Illinois licensed
clinicians. Aetna Medicaid Administrators, a CVS Health Company, has over 30
years of experience managing the care of under-resourced populations across 15
states and is well placed to support the delivery of Kooth's services to
children and young people.

 

Tim Barker, Chief Executive Officer of Kooth, said:

"We're delighted to announce progress in our partnership with Aetna, our first
private sector US partner, which means that thousands of children and young
people in Illinois' Medicaid population will be able to benefit from our
platform. We look forward to continuing our work together and delivering
support to those who need it."

 

Rushil Desai, CEO of Aetna Better Health of Illinois said:

"At Aetna, we recognize the growing mental health challenges facing young
people in Illinois today and are dedicated to providing support before a
crisis emerges. We are encouraged by the progression of our partnership with
Kooth and remain committed to delivering a transformational service to our
youngest members in Illinois by providing them with access to Kooth's
school-based platform."

 

This announcement contains inside information under the UK Market Abuse
Regulation. The person responsible for arranging for the release of this
announcement on behalf of the Company is Tim Barker, CEO.

 

ENDS

Enquiries:

 Kooth plc                                       investorrelations@k (mailto:investorrelations@kooth.com) ooth
                                                 (mailto:investorrelations@kooth.com) .com (mailto:investorrelations@kooth.com)
 Tim Barker, CEO
 Sanjay Jawa, CFO

 Stifel, Nominated Adviser & Sole Broker         +44 (0) 20 7710 7600
 Ben Maddison, Nick Harland, Ben Good

 FTI Consulting, Financial PR                    Kooth (mailto:Kooth@fticonsulting.com) @fticonsulting.com
                                                 (mailto:Kooth@fticonsulting.com)
 Ben Atwell, Alex Shaw

 

About Kooth plc:

 

Kooth (AIM:KOO) is a global leader in youth digital mental well-being. Our
mission is to provide accessible and safe spaces for everyone to achieve
better mental health. Our platform is clinically robust and accredited to
provide a range of therapeutic support and interventions. All our services are
predicated on easy access to make early intervention and prevention a reality.

 

Kooth is a fully safeguarded and pre-moderated community with a library of
peer and professional created content, alongside access to experienced online
counsellors. There are no thresholds for support and no waiting lists.

 

Kooth is the longest standing digital mental health provider to hold a UK-wide
accreditation from the British Association of Counselling and Psychotherapy
(BACP) and according to NHS England data for 2022/23 is now the largest single
access provider for mental health support for under 18s.

 

In 2021, Kooth began executing on its international expansion strategy, with
an initial focus on the US market. This focus is due to the growing
recognition of the importance of improving youth mental health in this key
global healthcare market, with 1-in-6 people aged 6-17 experiencing a mental
health disorder each year.

 

For more information, please visit www.k (http://www.koothplc.com) ooth
(http://www.koothplc.com) plc.com (http://www.koothplc.com) .

 

About Aetna Medicaid:

 

Aetna Medicaid Administrators LLC (Aetna Medicaid), a CVS Health company, has
over 30 years of experience managing the care of under-resourced populations,
using innovative approaches and a local presence in each market to achieve
both successful health care results and effective cost outcomes.

 

Aetna Medicaid has expertise serving high-need Medicaid members, including
those who are dually eligible for Medicaid and Medicare. Currently, Aetna
Medicaid owns and/or administers Medicaid managed health care plans under the
names of Aetna Better Health and other affiliate names.

 

Together, these plans serve members in 15 states, including Arizona, Florida,
Illinois, Kansas, Kentucky, Louisiana, Maryland, Michigan, New Jersey, New
York, Ohio, Pennsylvania, Texas, Virginia and West Virginia.

 

For more information, www.aetnabetterhealth.com
(http://www.aetnabetterhealth.com) .

 1 
https://hfs.illinois.gov/info/factsfigures/program-enrollment/statewide.html
(https://hfs.illinois.gov/info/factsfigures/program-enrollment/statewide.html)

 2  https://www.nami.org/advocacy/state-fact-sheets/
(https://www.nami.org/advocacy/state-fact-sheets/) [data found in Illinois
fact sheet]

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