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 […]
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 […]
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 […]
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 […]
Fears for a sluggish 2023 may have been overblown. “Aggressive” deals are still being made, though they may be smaller than in years past. That’s according to industry insiders at Behavioral Health Business’ 2023 INVEST conference. Lenders and issues with access to capital drove lower transaction volumes in 2023, Kevin Taggart, managing partner at Mertz […]
Substance use disorder (SUD) treatment provider Bradford Health named behavioral health care vet Lisa Evans its new CEO. Evans has a decade of experience in the behavioral health field and previously served as chief operations officer at Alpharetta, Georgia-based behavioral health provider Perimeter Healthcare. She is tackling her new role at Bradford with a people-first […]
Elevance Health Inc.’s (NYSE: ELV) health care services arm, Carelon, experienced a boost in operating gain in 2023 thanks to the company’s behavioral health business, among other factors. Carelon’s operating gain increased by $9 million from the second to third quarter of 2023, according to Elevance’s third-quarter earnings call. The insurer also announced plans to […]
A new outpatient mental health provider Hightop Health has entered the behavioral health space. Backed by private equity firms JLL Partners and SV Health Investors, Hightop offers an outpatient mental health platform that uses an integrative and measurement-based approach to care. The launch coincides with the news of Hightop’s first acquisition. The provider has purchased […]
Payers have increasingly pushed for measurement-based care, but experts question whether the behavioral health industry has the tools to broadly implement the practice. Measurement-based care, in which clinical data is collected throughout treatment, may increase the likelihood that a patient receives evidence-based care. Implementing the practice requires a whole-person approach that includes contextualization and cultural […]
M&A activity in the behavioral health space has slowed down significantly in recent years, dropping to pre-pandemic levels. The behavioral health industry is not alone in this, Dexter Braff, president of M&A advisory firm The Braff Group, said at Behavioral Health Business’ INVEST conference. External factors, including inflation, staffing shortages, fear of recession and unrest […]
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