Blue Sprig Pediatrics acquires assets of Momentum Autism Therapy Services
Blue Sprig Pediatrics, a private equity-backed provider of applied behavioral analysis (ABA), has acquired the assets of Momentum Autism Therapy Services.
Financial terms of the deal were not disclosed.
Headquartered in Houston and established in 2017, Blue Sprig is a portfolio company of global investment firm Kohlberg Kravis Roberts (NYSE: KKR). It has locations across nearly 20 states and bills itself as the largest autism services provider in Texas and the southeast.
Meanwhile, Momentum is based in Michigan, a new state for Blue Sprig. It provides center- and home-based ABA therapy to children with autism.
Monte Nido acquires Rosewood Center for Eating Disorders
Monte Nido & Affiliates has acquired Rosewood Center for Eating Disorders, an Arizona-based treatment provider that offers the continuum of care to adolescent and adult patients.
Financial terms of the deal were not announced.
Malibu, California-based Monte Nido is a PE-backed eating disorder treatment provider with 29 programs across 11 states. It offers the full continuum of care across its facilities. Founded in 1996, Monte Nido is owned by Levine Leichtman Capital Partners.
Founded in 1998, Rosewood offers residential, partial hospitalization and intensive outpatient programming. Additionally, it can treat patients with diabulimia, expanding Monte Nido’s “offerings to treat a broader range of eating disorders,” according to a press release announcing the news.
GuideWell acquires majority stake in New Directions Behavioral Health
GuideWell Mutual Holding Corporation — the parent company of Florida’s leading health insurer, Florida Blue — has announced an agreement to become the majority shareholder of New Directions Behavioral Health, a managed behavioral health care organization.
Terms of the transaction were not disclosed.
GuideWell is currently a minority shareholder of New Directions. As part of the deal, it will acquire all interests from Blue Cross Blue Shield of Kansas City and Blue Cross Blue Shield of Michigan.
Meanwhile, Blue Cross and Blue Shield of Alabama, Arkansas Blue Cross and Blue Shield, Blue Cross and Blue Shield of Kansas and BlueCross Blue Shield of Louisiana will remain minority shareholders of New Directions.
New Directions provides managed behavioral health services, an employee assistance program (EAP), student assistance program, organizational consulting and health coaching to a number of employers and labor groups. It has more than doubled its membership in the past five years and currently has more than 16 million members.
Despite the deal, New Directions will continue to operate independently and proceed with existing plans.