After Active Year, Monte Nido Outlines Multi-Pronged Growth Strategy for 2021

Despite the pandemic, 2020 was a busy year on the growth front for Monte Nido & Affiliates. Last year alone, the private equity-backed eating disorder treatment provider added five new residential treatment sites and acquired an inpatient facility, while also entering multiple new states.   Headquartered in Malibu, California, Monte Nido has more than 30 treatment […]

Talkspace Bullish on Growth Via M&A, Global Expansion

Transactions and international expansion could be in the future for Talkspace. The subscription-based therapy provider previewed multiple potential growth levers for the company recently during an investor presentation. Based in New York City, Talkspace remotely connects users to licensed therapists via text and video. The company provides services directly to consumers, as well as to […]

Centene CEO: Behavioral Health ‘Has to Be Integrated’

Days after Centene Corporation (NYSE: CNC) announced its plan to acquire Magellan Health (Nasdaq: MGLN), leadership is doubling down on the insurer’s commitment to behavioral. Those services will play an important role in the company’s future, according to Centene CEO Michael Neidorff, who is also president and chairman of the company. “It has to be […]

HHS Policy Change Gives Most Doctors Permission to Prescribe Buprenorphine for MAT

After years of pressure from the behavioral health industry, the U.S. Department of Health and Human Services (HHS) is making it easier for physicians to prescribe a popular medication-assisted treatment (MAT) drug for opioid use disorder (OUD). The department is doing that by removing some certification requirements that physicians were previously required to meet before […]

UHS CFO: Second Half of 2021 Will Look ‘More Like the 2019 We Exited Pre-COVID’

The past year has been a rough one for behavioral health providers, with COVID-19 decreasing organizations’ revenues, while increasing their costs. Even industry powerhouses like Universal Health Services (NYSE: UHS) have felt the virus’s impact. But company leaders at the behavioral health giant say they’re starting to see the light at the end of the […]

Programming Note: BHB Holiday Weekend Schedule

Thanks for reading Behavioral Health Business! If you haven’t already, be sure to subscribe to our newsletter, which brings the latest industry updates and breaking news stories directly to your inbox. In observance of Martin Luther King Jr. Day,  BHB will not be sending out a newsletter on Monday, Jan. 18. Instead, we will send […]

Talkspace to Go Public in $1.4B SPAC Deal

Talkspace is going public through a merger with the special purpose acquisition company (SPAC) Hudson Executive Investment Corporation (HEIC). The subscription-based therapy provider announced the $1.4 billion deal Wednesday. Headquartered in New York City, Talkspace aims to help more people access behavioral health care by remotely connecting users to licensed therapists through text and video […]

Predictive Mental Health Startup Rose Health Raises $1.73M in Seed Funding

Rose Health — a startup that uses predictive technology to detect behavioral health issues — has raised $1.73 million in an oversubscribed seed funding round.  The money will help the company acquire more customers, develop new features, create a version of its platform for children and launch an employer program pilot with the Visiting Nurse […]

NeuroFlow Snags $20M in Series B Funding Round Led by Magellan Health

NeuroFlow — a digital health company designed to improve collaborative care — has raised $20 million in Series B financing. Magellan Health (Nasdaq: MGLN) — a managed care organization (MCO) and provider of behavioral health services — led the funding round.  The technology platform provider plans to use the new funding to scale its operations […]

Acadia’s Sierra Tucson Group Ramps Up Efforts to Address Trauma, Expand Specialty Programs

In the year ahead, Sierra Tucson Group plans to get personal, expanding its specialty program offerings and honing its trauma-informed care efforts, CEO Valerie Kading recently told Behavioral Health Business. Formed in 2019, Sierra Tucson Group is owned by Acadia Healthcare (Nasdaq: ACHC) and consists of three behavioral health treatment centers: Sierra Tucson, Sierra by […]