Health care dealmaking is off to an unprecedented start for 2021, with behavioral health proving to be one of the hottest sectors of them all, according to a new mid-year dealmaking report from PricewaterhouseCoopers (PwC). Heightened demand is driving more behavioral transactions, while regulatory changes and private equity are also propelling dealmaking. In the first […]
Months after first announcing its intention to go public via a merger with a special purpose acquisition company (SPAC), Talkspace (Nasdaq: TALK) officially opened for trading Wednesday. In doing so, it became the first and only pure-play virtual behavioral health company to go public thus far. Its stock closed at $9.19 on its first day […]
In a move that aims in part to expand the availability of behavioral health services, LifePoint Health has entered into a definitive agreement to acquire Kindred Healthcare. Financial terms of the transaction were not released; however, LifePoint said that it will not use COVID-19 relief funds for the purchase and that it plans to provide […]
Oceans opens new behavioral hospital Oceans Healthcare has opened a new behavioral health hospital in North Baton Rouge. The facility is Oceans’ third in the area, tripling the provider’s capacity to provide inpatient care in the community. The new 40-bed hospital brings Oceans’ total bed count in Baton Rouge up to 60. The new Oceans […]
Pear Therapeutics — which creates clinician-prescribed software to treat behavioral health conditions — is going public by way of a merger with a special purpose acquisition company (SPAC). The developer of prescription digital therapeutics (PDTs) announced Tuesday that it has entered into a definitive business combination agreement with Thimble Point Acquisition Corp. (Nasdaq: THMA), a […]
Two former substance use disorder (SUD) treatment professionals have pleaded guilty to participating in a multi-state kickback scheme, according to the Department of Justice (DOJ). The men — Michael Olshavsky, of Miami, and John Paul Linke, of Bristol, Tenn. — now face up to five years in prison each. Olshavsky and Linke conspired to pay […]
The behavioral health workforce shortage is pervasive across the U.S., with nearly one-third of Americans living in areas that lack a sufficient number of mental health providers. And some states have it even worse than others. The shortage is especially dire in places like Wyoming and Utah, while the Northeastern part of the country is […]
The Health Resources & Services Administration (HRSA) has opened up the application process for a new loan program that aims to help address the behavioral health workforce shortage. Through the $28 million Substance Use Disorder Treatment and Recovery Loan Repayment Program (STAR LRP), SUD professionals can receive up to $250,000 in eligible education loan repayment […]
The Emily Program and Veritas Collaborative hire VP of community engagement The Emily Program and Veritas Collaborative, two recently merged eating disorder treatment programs, have hired a vice president of community engagement. Chase Bannister — an eating disorders clinician, speaker and advocate — stepped into the new role on June 14. Most recently, he worked […]
The global investment giant KKR made waves earlier this month when it announced the formation of a new mental health services company called Geode Health. Rather than buy a behavioral health platform, KKR opted to build, deepening its behavioral health footprint and creating a brand new company that aims to partner with providers to offer […]
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