Congress has passed a new $2.3 trillion stimulus bill, which includes billions in funding for behavioral health programs and initiatives. The legislation, which passed Monday night, is now headed to President Donald Trump, who is expected to sign it into law. The new relief package includes $4.25 billion in funding for the Substance Abuse and […]
The coronavirus has dominated the 2020 news cycle, and for good reason: The virus has shaped nearly everything about this year, including the behavioral health industry. COVID-19’s impact on the space is further evidenced by 2020’s top stories on Behavioral Health Business. BHB’s most read story for the year was a story related to coronavirus […]
BayMark adds first U.S.-based residential facility BayMark Health Services — a North American medication-assisted treatment (MAT) provider — has acquired its first U.S.-based residential treatment facility. Earlier this month, BayMark added Portland, Maine-based Liberty Bay Recovery Center to its portfolio. Financial terms of the deal were not announced. Headquartered in Lewisville, Texas, BayMark has more […]
American Addiction Centers (AAC) has started a new chapter in the company’s history. After years of financial struggles and a Chapter 11 bankruptcy filing, the substance use disorder (SUD) treatment provider recently completed a financial reorganization. The restructuring has helped AAC reduce its debt load by about $500 million and position the company for its […]
Caron fills CEO spot with internal hire Caron Treatment Centers has named Bradley F. Sorte as its new CEO. Sorte, who has been with the company for nearly 10 years, will take over for longtime CEO Doug Tieman, who is retiring June 30. Sorte currently serves as EVP and chief strategy and growth officer at […]
Autism treatment providers have been hit especially hard by the COVID-19 pandemic, as many of their services are dependent upon in-person connections. But in 2021, stakeholders predict the industry will bounce back; however, it won’t look the same way it did pre-pandemic. Executives and insiders in the space anticipate more children will need higher levels […]
Kindred enters JV to add new behavioral, rehabilitation hospital Kindred Healthcare has entered into a joint venture with Antelope Valley Hospital to build and operate a new hospital in northern Los Angeles County. The 125,000-square-foot facility will have 96 behavioral beds and 25 acute inpatient rehabilitation beds. Headquartered in Louisville, Kentucky, Kindred is a specialty […]
The U.S. House of Representatives has passed new legislation that would provide more aid and resources for care coordination efforts between community mental health and addiction treatment centers and local law enforcement agencies. The move comes about a month after the Senate passed the bill, called the Crisis Stabilization and Community Reentry Act. Now, the […]
Workit Health, a virtual rehab startup, has raised $12 million in Series B funding. That brings the telemedicine company’s total funding raised up to $20 million, according to the fundraising tracker website Crunchbase. FirstMark Capital led the investment round. Lux Capital, GingerBread Capital and Blue Cross and Blue Shield Venture Partners also participated, as did […]
The U.S. Department of Health and Human Services (HHS) has increased the amount of money it’s giving to health care organizations as part of its third phase of distributions from the Provider Relief Fund (PRF). It will send $24.5 billion to 70,000 providers, $4.5 billion more than the department originally planned to distribute in this […]
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