LearnWell, a provider of academic and mental health services that supports students and families across the continuum of care, has received an investment from the Sustainable Investing business at Goldman Sachs Alternatives to support continued growth. Financial terms were not disclosed. LearnWell said the partnership will help expand access to its services for students facing mental and behavioral health challenges and strengthen its role as a bridge between hospitals, schools, and families.
LearnWell’s model is designed to help students who are chronically absent from the classroom stay on academic track, improve mental health outcomes, and transition back to school. The company said demand for comprehensive student mental and behavioral health services is rising, and it positions itself as a partner to hospitals and school districts delivering academic continuity and therapeutic support.
Founded in 1995, LearnWell said it employs more than 250 educators and serves more than 7,700 school districts nationwide. The company said it teaches more than 51,000 students annually across more than 629,000 hours of instruction. LearnWell’s offerings include academic continuity services for children and adolescents who are absent from school due to mental and behavioral health challenges; supportive mental health and therapeutic services; outpatient psychotherapy; and specialized behavioral interventions delivered in person and virtually. LearnWell said it operates across settings, including medical hospitals, diagnosis-specific programs, and homebound student support.
Goldman Sachs Alternatives said the investment aligns with its inclusive growth strategy of backing businesses that combine strong fundamentals with positive social impact. Harris Williams served as exclusive financial advisor to LearnWell and Whiteman Osterman & Hanna LLP as legal counsel. Latham & Watkins served as legal counsel to Goldman Sachs. LearnWell was previously backed by 424 Capital.
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“The demand for comprehensive student mental and behavioral health services has never been more urgent, and LearnWell has established itself as a vital partner to hospitals and school districts, delivering high-quality, accessible care that significantly impacts student well-being and academic success. We are excited to partner with the LearnWell team to accelerate growth and expand reach, ensuring more students receive the critical support they need to thrive.”
Richard Waitumbi, Managing Director, Sustainable Investing, Goldman Sachs Alternatives
“Joining forces with Goldman Sachs Alternatives marks a pivotal moment for LearnWell. With the team’s deep expertise in scaling social impact companies, coupled with the Firm’s extensive resources to fuel growth, LearnWell can enhance our service offerings and expand our footprint to serve even more students and communities across the nation. We remain steadfast in our mission to empower students to thrive academically, socially, and emotionally, and this partnership will significantly amplify our impact.”
Kathleen Egger, Chief Executive Officer, LearnWell
“We are pleased to partner with LearnWell as it continues its mission to transform the lives of students facing challenges. This acquisition aligns with our strategy of investing in businesses that combine strong fundamentals with positive social impact. LearnWell’s evidence-based approach and commitment to student success make it an ideal addition to our education portfolio.”
Greg Shell, Partner and Head of Inclusive Growth, Goldman Sachs Alternatives
