Community Psychiatry Management Deepens California Foothold with Two Acquisitions

Community Psychiatry Management has made two acquisitions in the Los Angeles area to deepen its already massive footprint in the state of California. The Sacramento, California-based mental health organization added both Calabasas Behavioral Health (CBH) and Gelbart and Associates in August. Financial terms of the deals were not disclosed. Community Psychiatry Management is the largest […]

Anthem to Cover Telehealth Alcohol Treatment Program from Ria Health

Anthem will offer new coverage of a telehealth program proven to help people reduce or stop drinking. The program is offered by Ria Health, who is partnering with the insurer as a specialty provider, according to a press release announcing the news.  San Francisco-based Ria Health is a telehealth company that specializes in alcohol treatment, […]

Discovery Behavioral Health Acquires New Life Addiction Counseling & Mental Health Services

Los Angeles-based Discovery Behavioral Health has acquired Pasadena, Maryland-based New Life Addiction Counseling & Mental Health Services. Financial terms of the deal were not disclosed.  Discovery Behavioral Health is a national provider of substance abuse, mental health and eating disorder treatment. The 21-year-old company offers residential, partial hospitalization and intensive outpatient services for teenagers and […]

VC Interest in Digital Behavioral Health Companies Remains Hot

Venture capitalists continued to take a special interest in digital behavioral health companies in the third quarter of 2019, keeping alive a three-year steak of hot deal activity in the space. That’s according to a Q3 report from Rock Health, a venture fund that invests only in digital health companies. Across all sectors, digital health […]

$1.8B Autism Funding Bill to Expand Access to Services

The Autism Collaboration, Accountability, Research, Education and Support Act — or the Autism CARES Act — has been reauthorized for another five years. President Donald Trump signed the bill into law on Sept. 30. It authorizes more than $1.8 billion in federal autism funding for 2020 through 2024. The money will help finance autism programs […]

Behavioral Health Startup Octave Raises $11M

Behavioral health startup Octave has raised $11 million in Series A funding. That brings the San Francisco-based company’s total raised up to $14 million, according to the online startup fundraising tracker Crunchbase. The investment round was led by New York-based private equity firm Greycroft, with money also coming from San Francisco-based venture capital firm Obvious […]

Michigan Scraps Contentious Mental Health Pilots

Controversial pilot programs that aimed to integrate behavioral and physical health care under the Michigan Medicaid program have been scrapped, according to Crain’s Detroit Business.  Gov. Gretchen Whitmer vetoed the funding set aside to make the pilots possible earlier this month — a move that helped end the programs after years of disagreement and turmoil […]

Behavioral Health Care Deals Down 35% in Q3 2019

Behavioral health care acquisitions were down 35% in the third quarter of 2019. The drop reflects both month-over-month and year-over-year changes. Q3 2019 saw only 17 publicly announced deals, while Q2 2019 and Q3 2018 each saw 26 deals. That’s according to acquisition data from HealthCareMandA.com, which part of Irving Levin Associates, a publisher of […]

SAMHSA Proposes Changes to Addiction Treatment Privacy Rules

The federal Substance Abuse and Mental Health Services Administration (SAMHSA) has proposed changes to the rules that govern substance use disorder (SUD) treatment records. The goal is to loosen certain restrictions in an effort to better coordinate patient care, especially for those being treated for opioid addiction. Specifically, the proposed rule, which was announced in […]