‘Those Opportunities Don’t Come Up Very Often’: Sabra Opts For Steady Behavioral Growth

Sabra Healthcare REIT (Nasdaq: SBRA) plans to take an incremental approach to growing its behavioral health portfolio. The Irvine, California-based real estate investment trust (REIT) has invested just over $800 million in the behavioral health space but finds opportunities to grow that business less frequently than its other segments, according to its Q3 earnings call. […]

Acadia to Expand Partial Hospitalization, Intensive Outpatient Programs

Acadia Healthcare Co. Inc. (Nasdaq: ACHC) has plans to grow its partial hospitalization programs (PHP) and intensive outpatient programs (IOPs). Acadia’s preparations to weather the Medicaid redetermination storm have paid off and is now seeking to expand its continuum of care to meet increased needs and drive growth, according to its Q3 earnings call. The […]

Talkspace Aims to Hit Profitability by Q1 2024, Targets Teen Demographic 

Digital behavioral health company Talkspace (Nasdaq: TALK) is on track to achieve profitability by the first quarter of 2024. Part of its strategy for achieving this goal is branching out to a new demographic: teens.  Talkspace’s continued focus on its B2B segment resulted in net revenue of $38.6 million in Q3, a 32% year-over-year increase. […]

Inside The Competitive But Fragmented World of IDD Dealmaking

The intellectual and developmental disability (IDD) field may be one of the most complex and fragmented segments of the behavioral health industry. That has not prevented IDD providers, however, from driving an impressive number of deals. That includes both for-profit and nonprofit organizations. “Having run and operated within all verticals of behavioral health, IDD is […]

New Bill Aims to Cut Down on Behavioral Health ‘Ghost Networks’

Almost half of Medicare Advantage online provider directories have at least one inaccuracy – with issues often related to behavioral health services. A new bipartisan bill would protect seniors from the consequences of these inaccuracies, if passed.  And by doing so, the bill could also lead to MA plans strengthening their provider networks, which could […]

‘It’s a Courtship’: Behavioral Health JVs Require Intensive Work But Offer Major Upside

Demand for behavioral health services has skyrocketed in recent years, driving the need for providers and health systems to expand their geographic footprints. In the process, some are finding great success with joint venture partnerships. JV deals have become a key method to meet the rising need for behavioral health services, and hospital systems are […]

Psychedelic Venture Studio Beckley Waves Acquires Ketamine Provider Nue Life

Psychedelic-focused venture studio Beckley Waves has acquired digital ketamine-assisted therapy (KAT) provider Nue Life. Beckley Waves seeks to improve access to well-being-enhancing medicines and tools in an industry that is dominated by “antiquated” approaches to mental health, according to Daniel Love, co-founder and partner at Beckley Waves and interim CEO of Nue Life. “At the […]

Converting Facilities From Skilled Nursing to Behavioral Health May Save Money, Time

When it comes to creating new behavioral health facilities, buying used may be a better bet than building new. Adaptive reuse conversions involve transforming buildings previously used for another purpose into behavioral health facilities. An increasing portion of the facilities adapted to behavioral health uses are skilled nursing facilities (SNF) or assisted living facilities. If […]

Increasing Occupancy is ‘Significant’ Opportunity for UHS’ Behavioral Health Business

Universal Health Services (NYSE: UHS) is setting its sights on increasing behavioral health bed occupancy after seeing improvement in its recruitment and retention metrics. UHS identified increasing occupancy as its next target for growth in its Q3 earnings call, utilizing a strategy of recruitment retention and expanding service lines to achieve this goal. “Broadly increasing […]

Pediatric Patients with Mental Health Disorders Account for Over 1 Million ER Visits a Year 

Over a million emergency room (ER) visits are attributed annually to children and adolescents with a mental health disorder diagnosis. That’s according to a new study by the CDC, which builds on previous research demonstrating the worsening mental health crisis among children and adolescents. The emergency department has become the first response for immediate mental […]