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Lyra HealthLH

Sr. Corporate Development Associate

Lyra Health is a mental health benefits provider for employers, offering employees access to therapists, coaches, and personalized mental health care through its technology platform and network of providers.

Lyra Health

Employee count: 1001-5000

Salary: 106k-146k USD

United States only

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About Lyra Health

Lyra Health is the leading provider of mental health solutions for employers supporting more than 20 million people globally. The company has delivered 13 million sessions of mental health care, published more than 20 peer-reviewed studies, and delivered unmatched outcomes in terms of access, clinical effectiveness and cost efficiency. Extensive peer-reviewed research confirms Lyra’s transformative care model helps people recover twice as fast and results in a 26% annual reduction in overall healthcare claims costs. Lyra is transforming access to life-changing mental health care through Lyra Empower, the only fully integrated, AI-powered platform combining the highest-quality care and technology solutions.

About the Role:

Lyra’s Corporate Development & Strategy team plays a critical role in helping to shape and realize Lyra’s mission and long-term strategy through both organic and inorganic initiatives. In this role, you will support the Corporate Development team on end-to-end M&A transactions across sourcing, diligence, deal execution, and integration. You will also partner with teams across the company including go-to-market, finance, clinical, product and legal to evaluate and refine M&A priorities.

The successful candidate will be highly organized, detail-oriented, and self-motivated with a growth mindset. You must be proactive, collaborative, and capable of operating in a fast-paced environment with the ability to adapt to shifting priorities, business drivers, and organizational needs.

This role will report to the Sr. Manager of Corporate Development and can be carried out fully remote / virtually. Remote candidates must be physically located within the United States.

Responsibilities

  • Sourcing: Develop a comprehensive understanding of the behavioral health market and adjacent markets. Support market mapping, maintaining a pipeline of M&A targets, and building relationships with prospects.

  • Initial Diligence: Develop investment theses and build efficient processes to evaluate M&A opportunities.

  • Financial modeling: Build detailed financial and valuation models, incorporating in-depth synergy analyses and clear, defensible assumptions.

  • Deal Execution: Manage data rooms and data requests, coordinate with third-party advisors and internal cross-functional teams to conduct comprehensive due diligence.

  • Executive Communications: Support building slides and memos to present M&A updates, proposals, and strategic recommendations to Lyra’s executive team and Board.

  • Integration: Support the transition for diligence to post-close integration, as appropriate.

Qualifications

  • 3+ years work experience, with 2+ years of investment banking, private equity, or venture capital direct investing experience.

  • Prior experience contributing to an M&A transaction end-to-end, including familiarity with data rooms, diligence request lists, interacting with leadership teams, and building efficient processes and templates.

  • Excellent organizational and time management skills, including the ability to prioritize and balance multiple deliverables with competing timelines in a dynamic environment.

  • Strong critical thinking and problem-solving skills. Comfortable navigating ambiguity, developing workplans, and operating with limited guidance and oversight.

  • Advanced financial modeling skills with the ability to distill complex decisions into simple but comprehensive financial models, including quantifying revenue and cost synergies.

  • Excellent communication skills and experience presenting clear analyses and concise recommendations directly to senior leadership.

"We are an Equal Opportunity Employer. We do not discriminate on the basis of race, color, religion, sex (including pregnancy), national origin, age, disability, genetic information or any other category protected by law.
By applying for this position, you acknowledge that your personal information will be processed as per the Lyra Health Workforce Privacy Notice. Through this application, to the extent permitted by law, we will collect personal information from you including, but not limited to, your name, email address, gender identity, employment information, and phone number for the purposes of recruiting and assessing suitability, aptitude, skills, qualifications, and interests for employment with Lyra. We may also collect information about your race, ethnicity, and sexual orientation, which is considered sensitive personal information under the California Privacy Rights Act (CPRA) and special category data under the UK and EU GDPR. Providing this information is optional and completely voluntary, and if you provide it you consent to Lyra processing it for the purposes as described at the point of collection, for example for diversity and inclusion initiatives. If you are a California resident and would like to limit how we use this information, please use the Limit the Use of My Sensitive Personal Information form. This information will only be retained for as long as needed to fulfill the purposes for which it was collected, as described above. Please note that Lyra does not “sell” or “share” personal information as defined by the CPRA. Outside of the United States, for example in the EU, Switzerland and the UK, you may have the right to request access to, or a copy of, your personal information, including in a portable format; request that we delete your information from our systems; object to or restrict processing of your information; or correct inaccurate or outdated personal information in our systems. These rights may be subject to legal limitations. To exercise your data privacy rights outside of the United States, please contact globaldpo@lyrahealth.com. For more information about how we use and retain your information, please see our Workforce Privacy Notice."

About the job

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Job type

Full Time

Experience level

Salary

Salary: 106k-146k USD

Experience

3 years minimum

Location requirements

Hiring timezones

United States +/- 0 hours

About Lyra Health

Learn more about Lyra Health and their company culture.

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At the heart of Lyra Health is a mission to transform access to life-changing mental health care. Founded in 2015 by David Ebersman, former CFO of Facebook and Genentech, Lyra was born out of the recognition that finding quality mental health care was a significant challenge. The company is built on the belief that everyone deserves to feel emotionally healthy and that mental health is a critical component of overall well-being. Lyra's culture is rooted in a set of core values that guide its operations and interactions. These include: 'Follow the science,' emphasizing a commitment to evidence-based practices and publishing results; 'Listen harder,' fostering better decision-making through seeking diverse opinions and genuine dialogue; and 'Look inwards,' encouraging the courage to self-reflect and embrace improvement. The value of 'Mind yourself' underscores the importance of nurturing personal well-being and practicing the skills taught to clients. 'Put clients first' is a central tenet, driving the team to work with purpose to make a tangible impact on those in need. Transparency is a hallmark of Lyra's culture, encapsulated in the value 'Show your cards,' which promotes sharing context. Finally, 'Tackle hard problems' reflects the company's willingness to embrace challenges that others might avoid.

Lyra strives to create a work environment where every employee feels seen, valued, and heard, fostering a sense of belonging across all historically marginalized employees. The company provides ongoing employee programs and benefits that support individual wellness and offers workshops, education, and growth opportunities to embed principles of diversity, equity, inclusion, and belonging (DEIB) into every aspect of its work. Lyra's approach combines technology with a human touch, utilizing an innovative digital care platform and a global network of providers to connect individuals with therapists, mental health coaches, and personalized medication prescribing. This model aims to make finding care easier, more personalized, and more effective, helping people recover faster. By partnering with leading employers, Lyra extends its reach to millions of individuals, offering them access to high-quality, evidence-based mental health support. The company is dedicated to breaking down barriers to mental health treatment and creating a world where mental well-being is prioritized and accessible to all.

Employee benefits

Learn about the employee benefits and perks provided at Lyra Health.

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Healthcare

Offers healthcare benefits.

Generous vacation

Provides generous vacation time.

Cell phone stipend

Offers a stipend for cell phone expenses.

Flexible working hours

Encouraged to design a WFH schedule that works for their life.

View Lyra Health's employee benefits
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Lyra Health

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