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Biotech company FOXO Technologies (NYSE American: FOXO) has acquired substance use disorder provider Myrtle Recovery Centers. FOXO is an unusual acquirer for an addiction provider. Typically, M&A deals in this space are conducted between private equity investors, larger providers, and even venture capital firms. Myrtle Recovery Centers is a subsidiary of Rennova Health, a health […]
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Long-Time BayMark CEO David White Steps Down
By Laura Lovett| June 24, 2024BayMark Health Services, one of the country’s largest substance use disorder (SUD) providers, has named Marshal Salomon its next CEO. Salomon joins the organization after serving as CEO of gastroenterology and urology practice management company Unio Health Partners. His resume also includes stints as CEO of The Oncology Institute and InterDent Service Corporation. “We’re confident […]
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An ambitious federal trial to curb opioid-related deaths by using community interventions came up short. Despite the implementation of public education campaigns, increased naloxone distribution and improved access to medications for opioid use disorder (MOUD), as well as many other interventions, the trial failed to demonstrate a statistically significant reduction in overdose deaths. The large-scale […]
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The emergency department (ED) can be the “first, and sometimes only” interaction that people with substance use disorders (SUDs) have with the health care system. Integrating SUD care into EDs can connect these patients to crucial long-term care. Still, co-occurring conditions, stigma and polysubstance use are among the main barriers preventing efficient integration. The ED […]
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Payers often prefer ambulatory, outpatient substance use disorder (SUD) treatment for its lower cost. Yet, SUD patients frequently present with higher acuity cases and more co-occurring conditions. Gateway Foundation is preparing for both trends by making targeted investments in ambulatory and bedded programs while also battling increased pre-admission requirements from payers. In some instances, these […]
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Brightside Health Acquires Lionrock Recovery, Expands into SUD
By Chris Larson| June 12, 2024Virtual behavioral health provider Brightside Health has expanded into addiction treatment by acquiring Lionrock Recovery. The move expands San Francisco-based Brightside Health into virtual addiction treatment. Specifically, the acquisition adds a virtual intensive outpatient program (IOP) to Brightside’s fleet of services. The terms of the deal were not disclosed. It also addresses a significant overlap […]
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Digital substance use disorder (SUD) provider Pelago is teaming up with brick-and-mortar providers in its new Centers of Excellence Network launch. The network’s goal is to help patients who need a higher level of acuity of care to access inpatient services. Pelago’s first two partners are facility-based SUD operators Recovery Centers of America (RCA) and […]
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Ophelia Health, a virtual substance use disorder provider responsible for one the industry’s edgiest campaigns, advocates cutting through the noise of industry jargon to help overcome the stigma surrounding addiction. “Addiction is … one of the few diseases that is very misunderstood,” Jenni Friedman, vice president of marketing at Ophelia, said during the Behavioral Health […]
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Politicians lasered in on the fentanyl crisis in a recent senate finance committee hearing. Senators pointed to the importance of medications for opioid use disorder (MOUDs) as a highly effective but underused fentanyl treatment. Research demonstrates that only about one in four people in need of MOUDs receive the treatment. To mitigate the rising tide […]
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The substance use disorder (SUD) treatment industry is evolving. Evidence is mounting demonstrating the importance of offering evidence-based treatment modalities, complete continuums of care and hybrid service offerings. Recovery Centers of America (RCA) is looking to adapt to these changes by prioritizing the integration of its service lines to improve patient outcomes, drive financial performance […]