When the book is written on behavioral health mergers and acquisitions (M&A) in 2021, the story will show that dealmaking continued to generate big business. Various estimates have the behavioral health sector on track for another record breaking year, with subsectors like mental health, substance use disorder (SUD) treatment and autism care poised to reach […]
Grant Avenue Capital, LLC, a health care-focused private equity and venture capital firm, has made an investment in the pediatric care market through its portfolio company, H2 Health. H2 Health has purchased Great Strides Rehabilitation, Inc, a Jacksonville, Florida-based provider of youth behavioral health services. Terms of the deal were not disclosed. Serving children and […]
Spero Health opens new addiction treatment clinic Spero Health is welcoming patients to its newest treatment clinic for substance use disorder (SUD), which has opened in Columbus, Ohio. The clinic is located east of I-270 in the Georgian Heights neighborhood and offers a combination of in-person and telehealth services. Ohio Medicaid and most commercial insurances […]
Groups Recover Together, which is in the midst of an ambitious nationwide expansion, is supporting those efforts with the addition of two new members to its C-suite. The Burlington, Massachusetts-based provider — known also as “Groups,” and which treats 9,000 members across 13 states for opioid use disorder (OUD) — has appointed Matt Levesque to […]
The evolution of the behavioral health industry has been spurred on not just by more people wanting care, but the advancement of technologies to better enable access to services. This is happening as health care moves toward a value-based payment system, which many in the industry feel can be aided by the adoption of new […]
Two Canadian behavioral health providers are now under one roof, as CloudMD Software Services Inc. has entered into an agreement to purchase MindBeacon Holdings Inc. for $116 million in cash and stock. The deal was jointly announced by both companies on Monday. Based in Vancouver, CloudMD is a behavioral health management and care platform that […]
Caregiver Inc. — a provider of long term care services to individuals with intellectual and developmental disabilities (I/DD) — has expanded its Midwestern footprint with the acquisition of four operators in Indiana and Ohio. Fort Worth, Texas-based Caregiver announced the deal Tuesday. “We continue to support our mission of providing high quality supports to our […]
Stepping Stones Group, which is a multi-state provider of services to children with autism and other behavioral needs, is reportedly up for sale. PE Hub reported Thursday that the organization’s parent company, Five Arrows Capital Partners, has recently initiated a competitive sale process for the provider that is aimed exclusively at private equity buyers. Investment […]
Less than two months after entering a binding agreement to merge, Delic Holdings Corp. and Ketamine Wellness Centers Arizona LLC (KWC) have officially signed off on the transaction. The closing of the deal between the psychedelic wellness providers was announced Tuesday, with KWC becoming a wholly-owned subsidiary of Delic for $10 million. The purchase now […]
The Place for Children with Autism names new chief financial officer The Place for Children with Autism, a Chicago-based provider of applied behavior therapy (ABA), has named Kristin Schultz as its chief financial officer. Schultz arrives at The Place from R1 RCM, where she was the senior director of corporate accounting for the Utah-based health […]
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