NewVista Behavioral Health Leverages Skilled Nursing Relationship to Expand Geriatric Specialty, Footprint

NewVista Behavioral Health is leveraging its relationship with its parent company to capitalize on a historically underserved population: seniors. NewVista develops and operates behavioral health hospitals, substance use disorder (SUD) treatment facilities and outpatient centers. It has at least five locations across Ohio, and another two in the works. NewVista is part of the CommuniCare […]

Community Psychiatry Doubles Facility Count, Becomes Bi-Coastal With Latest Acquisition

Community Psychiatry, which provides outpatient behavioral health services at over 40 locations throughout its home state of California, has started to realize its nationwide expansion ambitions with the purchase of Durham, North Carolina-based MindPath Care Centers. The acquisition more than doubles Community Psychiatry’s facility count and establishes its presence in the Southeastern U.S. Terms of […]

Transactions: HCA Selling Behavioral Hospital; New Acquisitions from BrightView, Stepping Stones

Vertava Health acquires Integrated Addiction Care Associates Vertava Health has announced it has purchased outpatient behavioral health provider Integrated Addiction Care Associates (IAC), in a move that brings together two Tennessee operators. Financial terms of the deal were not disclosed. IAC offers medication-assisted treatment (MAT), intensive outpatient programs (IOP) and primary care services to residents […]

Acadia CEO Keeping Her Eyes on Growth After Strong Q1

On its fourth quarter and year-end 2020 earnings call in February, Acadia Healthcare (NASDAQ: ACHC) talked optimistically about its four-pronged future growth plan, largely fueled by the divestiture of its United Kingdom operations. Flash forward to the present, and the behavioral health care giant’s plans are already bearing fruit on its bottom line. In Q1 […]

Acadia CMO: New Holistic Care Pilot Will Have Exponential Benefit for OUD Patients

Acadia Healthcare (Nasdaq: ACHC) recently launched a new suicide prevention pilot targeted at outpatient opioid use disorder (OUD) patients. While the program is currently only being tested in 15 of the provider’s 135 comprehensive treatment centers (CTC), Chief Medical Officer Michael Genovese said the program is indicative of the behavioral health giant’s larger-scale priorities. “All […]

Virtual MAT Provider PursueCare Nets $7M

PursueCare — a Middletown, Connecticut-based provider of virtual medication-assisted treatment (MAT) services — has raised $7 million in an oversubscribed Series A2 funding round led by OCA Ventures, Seyen Capital, Wasabi Investors and other health care investors. The round brings PursueCare’s total funding raised up to $12.8 million, according to the fundraising tracking website Crunchbase. […]

New Landmark VP: National Payer Contracts Key to Company’s Strategic Growth Plan

When it comes to the nation’s $42 billion dollar substance use disorder (SUD) treatment market, services are naturally the focal point of most businesses. But providers can’t offer those services at scale without the help of payers, who have the power to make treatment more affordable and accessible to the masses. That’s why Landmark Recovery […]

Movers & Shakers: Meadows Hires Head of Virtual; Oceans’ New Vice President

Meadows hires executive director of virtual outpatient Phoenix-based Meadows Behavioral Healthcare has hired Mark Baumgartner as its executive director of virtual outpatient services. Before coming to Meadows, Baumgartner spent most of his career at the Betty Ford Center, which is part of the Hazelden Betty Ford Foundation. He worked there almost two decades, serving his […]