KKR Creates, Invests in Mental-Health Firm Geode Health (1)

KKR & Co. is starting a mental health services company that will offer in-person and virtual care as part of the private equity firm’s strategy of investing in growth-stage, health-care companies.

Geode Health plans to own and operate clinics across the U.S. with a goal of making it easier and cheaper to access mental-health services for conditions including anxiety and depression, according to a statement Wednesday that confirmed a Bloomberg News report. It’s led by Chief Executive Officer Gaurav Bhattacharyya, previously the CEO of Elite Dental Partners.

Geode joins upstarts and incumbents, such as LifeStance Health Group and Refresh ...