Ketamine Wellness Centers, which bills itself as the largest ketamine therapy provider in the nation, has reportedly closed clinics in nine states. Field Trip Health & Wellness is also ceasing operations in multiple markets. Ketamine Wellness Centers is operated by a subsidiary of the Canadian company Delic Holdings Corp. The closures come roughly six months […]
The COVID-19 pandemic. An increased number of mass shootings. Sizable layoffs at major employers. Since early 2020, these and several other trauma-inducing factors have contributed to a worsening mental health crisis in the United States. The stressors have been so pervasive that the reported risk for post-traumatic stress disorder (PTSD) is 83% higher today than […]
Private equity group Eads Bridge Holdings has found its first partner company – a fast-growing business in the behavioral health space. Earlier this week, Eads Bridge announced an investment in Stokes Counseling, which provides a range of therapy services to over 3,500 patients. The Naugatuck, Connecticut-based company’s specialties include individual and family therapy, stress management, […]
Venture capital firms the past few years have pumped billions of dollars into behavioral health companies, recognizing the vast need for their services and untapped opportunities to consolidate a fragmented market. Among the most active VC investors has been General Catalyst, which boasts a portfolio of more than a dozen behavioral health-focused companies, from Eleanor […]
Private insurers offering Medicare plans to seniors may soon have more rigorous behavioral health requirements to follow. The U.S. Centers for Medicare & Medicaid Services (CMS) on Wednesday unveiled a newly proposed rule for Medicare Advantage (MA) meant to emphasize “the invaluable role that access to behavioral health plays in whole-person care.” The move comes […]
Cerebral Inc. may be headed for a legal battle with former CEO Kyle Robertson, one of the co-founders of the mental health company. Robertson stopped being Cerebral’s CEO in May, when he was replaced by Chief Medical Officer Dr. David Mou. On Friday, a source told Behavioral Health Business that Robertson has sent a letter […]
The Certified Community Behavioral Health Clinic (CCBHC) model – one of the nation’s biggest investments in expanding and sustaining behavioral health services, according to some experts – is at a critical chapter in its story. Broadly, a CCBHC is a specially designated clinic that offers a range of behavioral health services, from mental health crisis […]
SOC Telemed on Thursday announced its acquisition of Forefront Telecare, a company that specializes in behavioral health telemedicine services. Financial terms of the deal were not disclosed. As part of the transaction, the combined enterprise is rebranding to “Access TeleCare.” The Dallas-based SOC Telemed bills itself as the largest national provider of specialty acute care […]
The Vistria Group – one of health care’s most active private equity investors, particularly in home health and hospice care – is making further inroads in the behavioral health space. Among its most recent investments is Sandstone Care, according to a Wednesday report from Axios. Sandstone Care is a provider of behavioral health services for […]
UnitedHealth Group Inc. (NYSE: UNH) continues to explore new ways of engaging with vulnerable populations while transitioning to value-based care. Over the next few years, much of that exploration will focus on behavioral health. That’s according to UnitedHealth Group CEO Andrew Witty, who touched on the Minnetonka, Minnesota-based health care giant’s behavioral health ambitions on […]
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