While behavioral health dealmaking remained soft in 2023, one sector completed a record number of deals last year. Seventeen deals were completed in the outpatient partial hospitalization program (PHP), intensive outpatient program (IOP) and counseling sectors. Outpatient SUD treatment has become more popular because it is more affordable for patients and payers and easier for […]
Mental health provider Spring Health named Arielle Mortimer its new chief operating officer. Mortimer is an operations veteran who most recently held the COO role at Heyday, a skincare company. She previously worked as senior vice president of operations at Kindbody, a women’s wellness company that offers services including IVF, egg freezing, gynecology and fertility […]
There are currently no treatments for a genetic anomaly that causes a type of autism spectrum disorder and Phelan-McDermid syndrome (PMS), an autism-related condition. Biotechnology company Jaguar Gene Therapy is launching the first human gene therapy trial to address the root cause of the condition. The therapy, called JAG201, targets the SHANK3 gene. Mutations in […]
EdTheory, a special education and K-12 mental services provider, has expanded into center-based applied behavioral analysis (ABA) services. The company, which also offers ABA therapy in schools, homes and via telehealth, is aligning its affiliate companies, Proficio Speech Therapy Group and AGES Learning Solutions, to launch a new ABA company, Proficio Therapy Services (PTS). Fairfield, […]
Higher education institutions have increasingly sought partnerships with behavioral health providers to address the stresses of college, spurring an influx of mental health companies taking advantage of the opportunity. Digital mental health provider UpLift is the latest to diversify into the higher education space. The company acquired TAO Connect, an online platform with mental health […]
The leader of the behavioral health giant Headspace announced his plans for resignation. Russell Glass, Headspace’s CEO, took to LinkedIn to announce his departure, which he called “bittersweet.” “As I reflected on the successful integration and everything we’ve achieved over the past few years, I believe now is a natural time for me to step […]
Digital mental health company Tava polished off its Series B funding round, bringing the total raise for this round to $20 million. Salt Lake City, Utah-based Tava secured $16 million in January and recently secured an additional $4 million in a funding round led by Catalyst Investors. Its existing investors, Peterson Partners, Toba Capital and […]
Want to read more content like this? Subscribe to Addiction Treatment Business today! Clinicians at opioid use disorder (OUD) treatment provider Bicycle Health have filed to unionize with the Union of American Physicians and Dentists (UAPD). Bicycle Health told its workers in an email that the company was working with the National Labor Relations Board […]
Acadia Healthcare (Nasdaq: ACHC) is focused on value-based care as it invests in technology and expands its service lines. Franklin, Tennessee-based mental health operator Acadia has identified opportunities for growth in its outpatient, substance use disorder (SUD) treatment and step-down services, according to a presentation at the Raymond James Annual Institutional Investors Conference. It also […]
SUD provider Ideal Option opens high-capacity addiction clinic Kennewick, Washington-based Ideal Option opened a 4,000-square-foot “flagship” clinic primarily designed to provide buprenorphine-based medication-assisted treatment (MAT). The clinic was partly funded through the American Rescue Plan Act through the City of Great Falls, Montana. “The grant funding from the American Rescue Plan Act allows us to […]
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