Job Description
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.
$106,000 - $146,000 a year
As a full-time Sr. Corporate Development Associate, you will be employed by Lyra Health, Inc. The anticipated annual base salary range for this full-time position is $106,000 to $146,000. The base range is determined by role and level, and placement within the range will depend on a number of job-related factors, including but not limited to your skills, qualifications, experience and location. This role may also be eligible for discretionary bonuses.
Annual salary is only one part of an employee’s total compensation package at Lyra. We also offer generous benefits that include:
- Comprehensive healthcare coverage (including medical, dental, vision, FSA/HSA, life and disability insurances)
- Lyra for Lyrians; coaching and therapy services
- Equity in the company through discretionary restricted stock units
- Competitive time off with pay policies including vacation, sick days, and company holidays
- Paid parental leave
- 401K with up to 3% matching
- Monthly tech allowance
- We like to spread joy throughout the year with well-being perks and activities, surprise swag, regular community celebration…and more!
We can’t wait to meet you.
“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 [email protected]. For more information about how we use and retain your information, please see our Workforce Privacy Notice.”
We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, summarizing interviews, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.
