Pandemic’s First Month Caused as Many Americans Psychological Distress As All of Prior Year

Psychological distress among Americans was as prevalent during the first month of the coronavirus pandemic as it was for the entire year prior to the COVID-19 emergency, according to a new study.  The findings, which come from the nonprofit research organization RAND Corporation, have been published online by the peer-reviewed medical journal Preventive Medicine. For […]

Trump Signs Stimulus Bill, Clearing Billions in New Behavioral Funding

President Donald Trump has signed a $2.3 trillion stimulus bill into law. Signed Dec. 27, the legislation includes billions in behavioral health funding. The relief package includes an additional $4.25 billion in funding for the Substance Abuse and Mental Health Services Administration (SAMHSA) on top of regular fiscal year 2021 spending. That funding will be […]

CARD Founder Details Company’s Path to Success, 2021 Growth Outlook

The Center for Autism & Related Disorders (CARD) is currently the largest autism treatment provider in the world, with 235 locations across 27 states. But the 30-year-old company wasn’t always the behemoth that it is today. In fact, CARD founder and executive director Doreen Granpeesheh attributes much of the company’s success to being in the […]

Acadia Enters Definitive Agreement to Sell UK Business in $1.47B Deal

Acadia Healthcare (Nasdaq: ACHC) has entered into a definitive agreement to sell its United Kingdom business, the company announced Dec. 30. Waterland Private Equity has agreed to purchase the assets for about 1,078 million pounds, or $1.47 billion. The deal will generate approximately $1.35 billion in proceeds for the behavioral health behemoth, according to a […]

Oklahoma, Maine Granted IMD Medicaid Waivers for SUD Patients

The Centers for Medicare & Medicaid Services (CMS) has approved section 1115 Medicaid demonstration waivers for Oklahoma and Maine.  As a result, both states may now bypass the IMD exclusion for substance use disorder (SUD) patients. Plus, Oklahoma can also bypass the rule for patients with serious mental illness (SMI) and/or serious emotional disturbance (SED). […]

Programming Note: BHB Holiday Schedule

Thanks for reading Behavioral Health Business! If you haven’t already, be sure to subscribe to our newsletter, which brings the latest industry updates and breaking news stories directly to your inbox. Starting Thursday, Dec. 24, BHB will be taking a break for the holidays. We will resume our normal publication and newsletter schedule Monday, Jan. […]

New Stimulus Package Includes Billions in Behavioral Funding

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 […]

Top Behavioral Health Care Stories of 2020

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 […]

Transactions: Two Acquisitions for BayMark; Psychedelic Therapy Deal

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 […]