LifeStance hires CFO LifeStance Health, one of the nation’s largest outpatient mental health providers, has hired a new CFO in J. Michael Bruff. While the company only recently announced the news, Bruff has been in the position since March, leading finance, accounting, tax, treasury, internal audit and investor relations functions for the provider. Founded in […]
LifeStance Health Inc. — a behavioral health provider backed by the private equity giant TPG Capital — is planning to go public. The company filed with the SEC last week detailing its intention to raise up to $100 million in an initial public offering (IPO). Scottsdale, Arizona-based LifeStance is one of the nation’s largest outpatient […]
Amazon (Nasdaq: AMZN) has launched a new mental health benefit for its full-time U.S. employees, the online retail giant announced Thursday. The new program, Resources for Living, is free to workers and their families, who can use it to find personalized, confidential mental health support and daily life assistance. Available services include three free in-person […]
Eleanor Health raises $20M Eleanor Health has raised $20 million in an oversubscribed Series B financing round, the company announced Monday. The global private equity firm Warburg Pincus led the funding round, with significant participation from existing investors such as Town Hall Ventures, Echo Health Ventures and Mosaic Health Solutions. The funding will help the […]
Expanding the Certified Community Behavioral Health Clinic (CCBHC) program has been a top priority of behavioral health stakeholders for years. Proponents often make their case with data that suggests the model saves money and improves outcomes in the long run. However, a new report from the U.S. Government Accountability Office (GAO) puts forth another claim: […]
The behavioral health industry kicked off the first quarter of 2021 strong with 54 deals, according to proprietary data collected and analyzed by the M&A advisory firm The Braff Group. While that’s down about 17% from an “extraordinary” Q4 2020, Dexter Braff, president of the firm, said the segment is off to a great start […]
The Substance Abuse and Mental Health Services Administration (SAMHSA) is distributing $3 billion in American Rescue Plan funding for mental health and substance use disorder (SUD) block grants, the Department of Health and Human Services (HHS) has announced. At the same time, HHS is establishing a new Behavioral Health Coordinating Council (BHCC), according to the […]
Lyra Health is on the brink of another huge financing raise, according to The Information, which covers the technology industry. The online publication reported that the behavioral health unicorn is raising another $200 million in a new funding round, which will boost its overall value to nearly $4.6 billion. The Information cited two people familiar […]
While many behavioral health providers have ambitions to enter into value-based reimbursement contracts, relatively few have managed to secure them. And even fewer have managed to build their models entirely around value-based care. But then there’s Groups Recover Together, a group-based medication-assisted treatment (MAT) provider, which has done just that. Founded in 2014 and headquartered […]
While behavioral health conditions have become far more prevalent amid the coronavirus, many American are foregoing treatment, according to a new State of the Nation’s Mental Health report from the insurance giant Anthem (NYSE: ANTM). The senior population specifically saw one of the biggest disconnects, with the number of adults over 75 being treated for […]
Sign up
Receive industry updates and breaking news from Behavioral Health Business