Transactions: Ginger Acquires LiveBetter’s Tech; Landmark Recovery Buys New Building

Ginger acquires technology assets of LiveBetter

San Francisco-based health and wellness startup Ginger has acquired the technology assets of LiveBetter, a free app that helps users address select mental health challenges.

Financial terms of the deal were not disclosed.

San Francisco-based Ginger is a virtual behavioral health care system that delivers coaching, therapy and psychiatry services to patients via text and video, directly employing the clinicians who provide those services.

Meanwhile, LiveBetter is an interactive app that allows users to engage in quick chats with digital coaches, with the goal being to help users think more positively and better deal with stress and sleep issues, in addition to anxiety and other mental health problems. It reaches about 10,000 people, according to the company. 

As part of the deal, Ginger will integrate LiveBetter’s tech in hopes of further extending its customer base, which currently consists of about half a million people around the world.

Meanwhile, LiveBetter will transition from a for-profit model to a non-profit, founder Mike Nolet said in a Medium post announcing the news. It will continue to offer its services free through its app, thanks to a perpetual license from Ginger.

To date, Ginger has raised more than $63 million, according to the fundraising tracker Crunchabse.

Landmark Recovery buys new building

Landmark Recovery has purchased a former post-acute care hospital in Wisconsin for $4 million, according to BizTimes Milwaulkee. 

The addiction treatment provider bought the Post Acute Specialty Hospital of Milwaukee from an affiliate of Medical Properties Trust, a Birmingham, Alabama-based real estate investment trust (REIT), the publication reported.

Landmark provides various types of substance use disorder (SUD) treatment at a handful of facilities across the Midwest. Meanwhile, the former hospital Landmark purchased is 155,945 square feet and previously held 62 beds before closing last April.

The deal comes just a few months after Sabra Health Care REIT (Nasdaq: SABR) bought Landmark’s buildings in Carmel, Indiana, and Louisville, Kentucky. Sabra is now leasing the facilities back to Landmark, whose executives have said the deal will help the treatment provider grow. 

CentralReach acquires ABA platform

CentralReach — a provider of electronic medical record (EMR) practice management and clinical solutions with a focus on autism — has acquired Thread Learning, an applied behavior analysis (ABA) data collection platform for clinicians and teachers in clinics and schools.

Financial terms of the deal were not disclosed.

The transaction further bolsters CentralReach’s end-to-end autism-related capabilities. It comes on the heels of four other autism-related acquisitions the company has made in the past 18 months.

“The Thread team [has] brought a beautiful, intuitive, easy-to-learn and easy-to-use data collection solution to market that is universally loved by its users and will become a core piece of CentralReach’s vision for its next generation clinical data collection offering,” CentralReach CEO Chris Sullens said in a press release announcing the news.

As part of the deal, Thread CEO Greg Brill will join the CentralReach team and help with the “clinical solution product roadmap” going forward.

The Thread platform will continue to be available as a solution on its own and will also be integrated into the CentralReach’s current solutions. 

Bay Psychiatric Associates associates acquires TMS provider

Bay Psychiatric Associates has acquired Lenox Hill TMS Psychiatric Associates Bay Area.

Financial terms of the transaction were not disclosed.

Bay Psychiatric Associates has provided community-based psychiatric and interventional psychiatry services in the San Francisco area for more than 25 years. Meanwhile, Lenox Hill TMS Psychiatry offers transcranial magnetic stimulation (TMS) and ketamine treatments out of two clinics.

Currently, Bay Psychiatric Associate has offices in three communities, but the deal allows it to add locations in two new areas and serve a total of five communities.