In the Pipeline: New MAT Clinics Nationwide; Long-Awaited Behavioral Health Hospital Opens

Opened ARS Treatment Centers opens new facilities  ARS Treatment Centers, which provides office-based medication-assisted treatment (MAT), has opened two new facilities.  One center opened earlier this month in Cape May County, New Jersey, marking the organization’s 11th in the state. ARS announced the news just a few days after also opening its eighth location in […]

Great Circle Names New President, CEO

St. Louis-based Great Circle, one of the Midwest’s largest behavioral health nonprofits, has named a new president and CEO. Paula Fleming — who has served as the organization’s interim president and CEO since May — was appointed to the positions earlier this month following a nationwide search. Great Circles has more than 20 locations across […]

Transactions & Financings: Stepping Stones’ Autism Play; Summit BHC’s New Territory

PE-backed Stepping Stones Group builds out autism offerings The Stepping Stones Group — a portfolio company of Five Arrows Capital Partners, the North American corporate PE arm of Rothschild & Co. Merchant Banking — has acquired STAR of CA to build out its autism offerings. Financial terms of the deal were not released. Lafayette, Colorado-based […]

What PE Investors Want from Autism Treatment Providers

With private equity’s interest in autism expected to accelerate in 2020, providers in the space are poised to have a potentially lucrative year.  The autism market, though one of the smallest sub sectors in behavioral health at an estimated $7 billion, currently commands some of the industry’s highest valuations. “In autism, [multiples are] upwards of […]

Alaska Psychiatric Institute Names Interim CEO

The Alaska Psychiatric Institute (API) has a new interim CEO. The Alaska Department of Health and Social Services (DHSS) appointed Noel Rea to the position earlier this month. She brings 30 years of experience, which includes being a senior director at NetworxHealth and serving as an interim CEO for several other Alaska hospitals.  Anchorage, Alaska-based […]

National Council CEO Hopes to Expand CCBHC Program, Strengthen Medicaid in 2020

After years of being neglected, behavioral health issues are finally getting some attention in Washington, D.C. The Centers for Medicare and Medicaid Services (CMS) has opened new up reimbursement opportunities for behavioral health services; the Substance Abuse and Mental Health Services Administration (SAMHSA) continues to roll out additional grants; and a growing number of state […]

Private Equity Hungry for Autism Providers, Consolidation Will Accelerate

Private equity’s interest in autism has boomed in recent years, and in 2020, providers can expect to see more of the same. Armed with record levels of capital, private equity firms such as Blackstone Group, Inc. and Carlyle Group LP have amassed almost $1.5 trillion in unspent capital, the highest year-end total on record, according […]

Hackensack Meridian Health Goes Big on Behavioral Health, Care Collaboration

Hackensack Meridian Health is making behavior health care its “big focus” of 2020, according to CEO Robert Garrett.  Garrett shared his priorities for the year ahead Wednesday during a podcast interview with Bloomberg Businessweek.  “This year, the big focus is going to be on behavioral health because it’s posing a huge problem from a health […]