Transactions: Behavioral Health Group’s Latest Acquisition; New Behavioral Tech Deal

Behavioral Health Group acquires Wellness Ambulatory Care 

Behavioral Health Group (BHG), a national opioid use disorder (OUD) treatment provider, has acquired Wellness Ambulatory Care, an office-based opioid treatment provider (OTP).

Financial terms of the deal were not disclosed.

Based in Dallas, BHG bills itself as the largest network of Joint Commission-accredited outpatient opioid treatment and recovery centers in the nation. It has 74 locations across 15 states.

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Meanwhile, Wellness Ambulatory Care is based in Knoxville, Tennessee. The business, which has 16 employees, prescribes drugs for medication-assisted treatment (MAT) in addition to offering behavioral health services and intensive outpatient programming (IOP).

As part of the deal, Wellness Ambulatory Care will become known as BHG Medical Services — Knoxville.

The acquisition deepens BHG’s footprint and offerings in the state of Tennessee, where it now has a total of 11 locations. Specifically, the office-based OTP model, in which patients are provided a prescription for take-home doses of MAT drugs, represents a service line expansion for BHG. Additionally, the deal “provides the clinical model of the future” for BHG, according to a press release announcing the news.

“It brings to BHG an enhanced range of mental health services through general psychiatric services for patients diagnosed with anxiety, depression, post-traumatic stress disorder and other mental health disorders,” the press release said. 

Behavioral tech companies Ontrak, LifeDojo announce deal

Ontrak, an analytics-based behavioral health prediction company, has acquired LifeDojo, a digital behavioral health platform for employers.

Financial terms of the transaction were not disclosed.

Headquartered in Los Angeles, Ontrak (Nasdaq: OTRK) uses predictive artificial intelligence to identify people with chronic conditions who would benefit from behavioral health changes. The goal is to address behavioral needs to also improve patients’ physical health.

LifeDojo, on the other hand, is a platform used by employers to help workers become healthier. They receive coaching through a mobile app to make it happen.

LifeDojo’s CEO and CTO have joined the leadership team as part of the deal. The goal of the transaction is for Ontrak to reach new customers while improving outcomes and costs. 

Crisis intervention provider ProtoCall Services acquires referral management platform

ProtoCall Services, a provider of telephonic crisis intervention and behavioral health assessment, has announced its acquisition of The Shrink Space, a mental health referral management platform.

Financial terms were not disclosed.

ProtoCall works with more than 475 colleges, universities, businesses and community health organizations nationwide to provide them with 24/7 phone access to licensed behavioral health clinicians. 

The Shrink Space is a referral management software platform that digitizes mental health referrals for higher education counseling centers.

The goal of the deal is to simplify and improve access to behavioral health care.

“ProtoCall and The Shrink Space will provide greater value and impact to higher education institutions by joining forces, helping ensure that students receive the right care at the right time,” according to a press release announcing the news.

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