Universal Health Services (NYSE: UHS) is looking to get its behavioral health margins back to pre-COVID times. Reductions in labor costs, enhanced productivity and a bump in patient volume are among the factors that will support that goal, according to Steve Filton, the company’s chief financial officer. “We had originally set a target for [2024] […]
Category: Facility Type
After a year and a half of scale-backs and tempered growth, LifeStance Health (Nasdaq: LFST) is planning a return to M&A. The target for that comeback: 2026. LifeStance is still completing processes designed to improve efficiency, David Bourdon, the company’s chief financial officer, said at the 22nd Annual Morgan Stanley Healthcare Conference on Wednesday. Along […]
Senate Finance Chair Pressures Biden Administration on Oversight of Residential Treatment Facilities
Sen. Ron Wyden, the chairman of the Senate Finance Committee, is calling on the Biden administration to use existing authority to beef up regulations on residential treatment facilities that care for vulnerable youth. The lawmaker did so via a Sept. 3 letter addressed to the Centers for Medicare & Medicaid Services (CMS) and the Administration […]
Transcranial magnetic stimulation (TMS) is becoming a more viable option for the treatment of depression in youth and adults, providing hope for those with treatment-resistant depression. Of the roughly 22 million American adults who experienced a major depressive episode in 2023, about 30% have treatment-resistant depression, meaning that multiple medications have failed to alleviate their […]
Austin, Texas-based ABA Connect has doubled its facilities in the last two years by acquiring two other applied behavior analysis (ABA) companies. The autism therapy provider has now unified its brands, ABA Connect, Bright Behavior and ABA Therapy of Houston, under the name BrightPath Behavior, and is forging a course for organizational growth. “Brand awareness […]
The behavioral health industry is constantly seeking to bolster its clinician supply to meet raging levels of unmet mental health needs. Access to care could improve significantly if more providers offered group therapy. Group therapy is a rare behavioral health modality that promises benefits under both value-based care and fee-for-service reimbursement models, largely due to […]
Psychiatrists are in high demand and low supply across the country. For Medicaid beneficiaries, the chances of patients successfully making an appointment proved even lower. A “secret shopper” study published in JAMA found that less than 18% of clinicians listed as in-network for Medicaid answered requests for appointments, accepted Medicaid and could provide a new […]
Neuronetics (Nasdaq: STIM), a provider of transcranial magnetic stimulation (TMS), has acquired competitor Greenbrook TMS. Neuronetics purchased all of Greenbrook’s outstanding common shares in an all-stock transaction. The deal comes months after Greenbrook was delisted from the Nasdaq Stock Market LLC. “Beyond the strategic benefits, we believe this acquisition will help create a more attractive […]
Industry insiders anticipate that health care private equity deal activity will increase in the second half of 2024. In the behavioral health sector, sluggish deal flow could be picking up. Several notable transactions have crossed the finish line as investors increasingly focus on outpatient care rather than full continuum care, according to a new report […]
Acadia Healthcare Co. Inc. (Nasdaq: ACHC) is now more likely to shutter underperforming facilities than in the past. The Franklin, Tennessee-based behavioral health operator has closed five facilities in the last month, CEO Chris Hunter said on Acadia Healthcare’s second-quarter earnings call. It closed two in the previous quarter. “If we’re seeing facilities that are […]
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