Brainstim Health

What Brainstim Health does

BrainStim Health is a Canadian private interventional psychiatry operator founded in 2017 and headquartered in Vancouver, British Columbia. The company runs a network of seven clinics across Canada (Vancouver, South Surrey, Halifax, Kingston, Ottawa, Calgary, and Perth) with a publicly stated plan to expand to ten clinics during 2026 (adding Edmonton, Markham, and Victoria). Its clinical offering centers on two modalities: Deep Transcranial Magnetic Stimulation (Deep TMS) using BrainsWay H-coil technology, and ketamine-assisted psychotherapy, supported by conventional psychotherapy (CBT and trauma-focused therapy). Indications addressed include treatment-resistant depression, PTSD, OCD, anxiety disorders, addiction, chronic pain, ADHD, and trauma, with a stated emphasis on patients who have not responded to medication and standard psychotherapy.

The company's primary customer segments are veterans and first responders — served through a dedicated program, a referral partnership with Veterans Affairs Canada, and a co-developed rTMS research collaboration with the Legion Veterans Village Research Foundation — alongside treatment-resistant depression patients in the general population. Revenue is generated on a fee-for-service basis at approximately $7,000 per TMS course, with patient financing offered through a Medicard partnership and partial coverage available via VAC and extended health plans. According to company materials, BrainStim has treated more than 1,000 patients and reports response rates up to 70% for treatment-resistant depression and 50-60% symptom reduction. Distribution is direct-to-patient via clinics, supplemented by a free 15-minute virtual consultation funnel, online self-referral, and healthcare-provider referrals. BrainStim holds minority equity investment from BrainsWay Ltd. ($1 million closed in February 2026, with up to $1.5 million in milestone-based follow-on), and the company is privately held.

Name

Brainstim Health

Legal name

BrainStim Health

Website

https://brainstim.ca

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

BrainStim Health is a Canadian private interventional psychiatry clinic operator running seven sites across Canada, offering Deep TMS and ketamine-assisted psychotherapy to treatment-resistant patients, with a primary focus on veterans and first responders.

Ownership category

akta.pro rank

Product category

Mental Health Services

NAICS

Offices of Physicians, Mental Health Specialists (621112), Outpatient Mental Health and Substance Abuse Centers (621420)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011), Services-Health Services (8000)

akta.pro primary industry

Psychiatry & Medication Management Platforms (HLALAEAB)

akta.pro secondary industry

General Mental Health Therapy Platforms (Talk Therapy) (HLALAEAA)

Keywords

• Mental health clinics
• Transcranial magnetic stimulation
• Ketamine assisted therapy
• Interventional psychiatry
• Treatment resistant depression

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Clinical Treatment Services: BrainStim generates revenue through providing Deep TMS treatments, ketamine-assisted psychotherapy, and other mental health services at their clinics across Canada. Services include initial psychiatric evaluations, treatment sessions, and ongoing maintenance care. Treatment cost approximately $7,000 per course.
2. Ketamine Therapy Sessions: Revenue from psychedelic therapy sessions administered via IV infusion, IM injection, or oral lozenges, typically 6 sessions over 3-6 weeks for depression treatment.
3. Payment Plans: Partnership with Medicard provides monthly payment plans allowing patients to spread treatment costs over time.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

BrainStim Health operates a network of mental health clinics across Canada delivering advanced neurostimulation and psychedelic-assisted treatments for treatment-resistant mental health conditions. The core clinical offerings are Deep Transcranial Magnetic Stimulation (Deep TMS) and Ketamine-Assisted Psychotherapy, supported by traditional psychotherapy services. Treatments are provided by psychiatrist-led multidisciplinary teams and target conditions including treatment-resistant depression, PTSD, OCD, anxiety, addiction, chronic pain, ADHD, and trauma.

Product overview

BrainStim Health operates a network of mental health clinics across Canada offering advanced neurostimulation and psychedelic-assisted therapy treatments. The company's core offerings consist of Deep TMS (Deep Transcranial Magnetic Stimulation) — a non-invasive brain stimulation treatment — and Ketamine-Assisted Psychotherapy, supported by traditional psychotherapy services. These treatments are delivered through a network of 7 clinics across Canada (Vancouver, South Surrey, Halifax, Kingston, Ottawa, Calgary, and Perth), with a specialized Veterans & First Responders Program addressing trauma, PTSD, and related conditions. The treatment portfolio covers treatment-resistant depression, PTSD, OCD, anxiety disorders, addiction, chronic pain, ADHD, and trauma. BrainStim positions itself as an interventional psychiatry practice offering alternatives to traditional medication-based treatments.

Differentiator

Problem solved

Functional benefit

Products and services

• Deep TMS (Deep Transcranial Magnetic Stimulation)

Quantifiable outcome

• Up to 70% response rate for treatment-resistant depression
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature4 records

Partnerships

Three partnerships are on record, tiered flagship, minor and core.

• Legion Veterans Village Research FoundationflagshipStrategic or Co-development PartnerPartnership to investigate a new brain stimulation program using repetitive transcranial magnetic stimulation (rTMS) for veterans in British Columbia struggling with PTSD and chronic pain. Recruitment is open for eligible veterans. BrainStim works with Veterans Affairs Canada and assists eligible veterans with navigating benefit coverage.
• MedicardminorChannel Partner/ Reseller/ DistributorMedicard provides easy and affordable payment plans allowing patients to pay for treatments and procedures on a monthly basis, spreading costs over time with manageable payments.
• Veterans Affairs Canada (VAC)coreStrategic or Co-development PartnerBrainStim works with Veterans Affairs Canada and assists eligible veterans with navigating their benefit coverage for mental health treatments including TMS therapy.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• BetterHelp: BetterHelp is the largest online talk-therapy platform. While a delivery-model outlier versus BrainStim, it is a comparable adjacent incumbent in the mental-health services category where BrainStim also offers psychotherapy alongside its interventional offerings.
• Neuronetics: Neuronetics is the publicly-listed maker of the NeuroStar TMS system and the dominant US TMS device vendor. Comparable to BrainStim as a TMS ecosystem incumbent and through its affiliated clinical service programs, and as a competitive device alternative to BrainsWay's H-coil platform.
• BrainsWay Ltd. BrainsWay is the publicly-listed manufacturer of Deep TMS H-coil devices and a current strategic minority investor in BrainStim. It is comparable both as the underlying technology vendor that enables BrainStim's core service and as a clinical-platform sponsor (with several TMS clinic minority investments).

Direct peers

• Field Trip Health: Field Trip Health was a Canadian-headquartered operator of psychedelic-assisted therapy clinics combining ketamine and integration psychotherapy. Closely comparable to BrainStim on geography (Canada), interventional psychiatry positioning, and combination of ketamine with psychotherapy.
• Greenbrook TMS NeuroHealth Centers: Greenbrook operates the largest US network of physician-supervised TMS treatment centers for depression, OCD, and related conditions. Directly comparable to BrainStim as a multi-site TMS clinic operator with a focus on treatment-resistant mental health.
• Ketamine Clinics of LA (KCLA): KCLA is one of the longest-running independent ketamine therapy clinic operators in the US, treating depression, PTSD, anxiety, and chronic pain. Directly comparable to BrainStim's ketamine-assisted psychotherapy service line and treatment-resistant mental-health positioning.
• Apollo TMS International: Apollo TMS operates TMS treatment centers focused on mental health and chronic pain across multiple US markets. Comparable as a multi-clinic TMS specialty operator serving similar treatment-resistant patient cohorts.

Emerging players

• Black Dog Institute / Black Dog TMS: Affiliated TMS clinical service programs in Australia focused on treatment-resistant depression and related disorders. Comparable as a specialist neuromodulation service operator and clinical-research venue for TMS in a non-US market.
• Mindbloom: Mindbloom is a US-based at-home ketamine therapy platform for depression, anxiety, and PTSD. Compares to BrainStim on the ketamine-for-treatment-resistant-depression value proposition and target patient population, though delivering via telehealth rather than in-clinic.

Others

• Spring Health: Spring Health is a global mental health benefits and care-navigation platform used by employers and payers. Adjacent to BrainStim as a channel/payer that increasingly routes patients to specialty providers, and a potential strategic partner for referral volume.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/-brainstim-health
• Instagraminstagram.com/brainstim.health

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Brainstim Health