Sabra Eyes More Investment Opportunities Within Addiction Treatment Sector

Although Sabra Health Care REIT (Nasdaq: SBRA) only made its first investment in the addiction treatment sector in the third quarter of 2019, company leaders are optimistic they’ll dive deeper into the space in the future. “We’re working on some other opportunities there as well,” Sabra CEO Rick Matros told investors Thursday on the company’s […]

Uncertainty Surrounding EKRA Could Hurt Behavioral Health Providers

For decades, behavioral health care was shrouded in stigma, making effective services hard to come by — and pay for. But now, need, payment and technology are aligning to make behavioral health care services more accessible than ever before. In many ways, that’s a good thing: It means more people can successfully address issues related […]

Medication-Assisted Treatment Use Up Among Medicaid Beneficiaries — But Roadblocks Remain

The number of Medicaid beneficiaries receiving medication-assisted treatment (MAT) to fight opioid use-disorder (OUD) is growing — but significant barriers to access remain. Between 2013 to 2017, the number of Medicaid prescriptions for MAT medications boomed, tripling for one drug — buprenorphine — and quadrupling for another — naltrexone. Despite the spike, 56% of beneficiaries […]

White House Launches Website to Simplify Search for Addiction Treatment Facilities

The Trump administration has launched a new website designed to make it easier for Americans to find reputable addiction treatment options. The White House unveiled the website, FindTreatment.gov, on Wednesday. The tool helps users sort through a directory of addiction treatment providers that is kept by the Substance Abuse and Mental Health Services Administration (SAMSHA). […]

New York Stock Exchange to Delist American Addiction Centers Parent Company

The New York Stock Exchange has started the process to delist AAC Holdings, Inc. (NYSE: AAC), the parent company of American Addiction Centers. The news comes after the NYSE suspended trading on the stock just a few days earlier. Both moves are a consequence of AAC falling below the NYSE’s continued listing standard. It requires […]

Montana Sees Boom in Medication-Assisted Treatment Availability

The number of doctors in Montana prescribing medication-assisted treatment (MAT) has increased about 650% in just two years, according to the Montana Department of Health and Human Services (MDHHS). Back in January, 2017, the state had just over 20 MAT providers — but today, it has more than 130. MDHHS released those numbers in conjunction […]

Medicaid Presents Growing Opportunity for Behavioral Health Providers

As payers continue to recognize the importance of and the demand for behavioral health care, coverage for those services is expanding like never before. While that’s true across the board, the Medicaid program could present special opportunities for behavioral health care providers in the years to come, according to some legal experts. “Medicaid is an […]

Florida Behavioral Health Center Closes Abruptly Following Financial Problems

A psychiatric hospital in southeast Florida serving low-income and uninsured patients abruptly shut its doors earlier this month, according to The Palm Beach Post. The move potentially leaves hundreds of patients without access to care. The West Palm Beach-based Jerome Golden Center for Behavioral Health closed Oct. 18 following financial troubles — specifically a bankruptcy […]

Addiction Business Hurts Universal Health Services in Q3

Universal Health Services (NYSE: UHS) posted mixed results in the third quarter of 2019, with a large pain point being the hospital management company’s addiction treatment chain, Foundations Recovery Network. Year-over-year, revenue was up 6% in Q3 while net income was down about 43% for UHS. Based in King of Prussia, Pennsylvania, UHS has hundreds […]

PE Firm Warburg Pincus Acquires Behavioral Health EHR Provider Qualifacts

Nashville-based Qualifacts, an electronic health record provider for behavioral health and human service organizations, has changed hands. New York-based Warburg Pincus, a global private equity firm focused on growth investing, purchased the company from Boston-based middle market PE firm Great Hill Partners last month. Financial terms of the deal were not disclosed.  The deal is […]