Behavioral health titan Acadia Healthcare (Nasdaq: ACHC) saw the largest expansion of its bed count in its history during 2024. The expansion will lead to a spike in startup costs and a potential hit to profitability in 2025. Going into 2026, Acadia Healthcare executives speaking at the 2025 J.P. Morgan Healthcare Conference say that they […]
Category: Hospitals and Health Systems
This is an exclusive BHB+ story A slew of psychiatric facilities have closed as the industry faces growing pains. These closures come in the wake of several of the largest players in the space facing misconduct allegations. The result has been several facility closures, exacerbating the shortage of inpatient and acute psychiatric services at a […]
Amwell (NYSE: AMWL) has sold its virtual psychiatric business to clinician-to-clinician telehealth provider Avel eCare for $21 million. The deal allows Amwell and Avel to focus on their core operations, Avel’s CEO Doug Duskin told Behavioral Health Business. “[Amwell is] focusing on technology as their primary service,” Duskin said. “We’re more of a technology-enabled service […]
Behavioral health is still largely stuck in the fee-for-service reimbursement model, but industry insiders have hung their hopes on value-based care changing that paradigm. Still, this shift may just be the first step in behavioral health’s reimbursement evolution. Population health management could stand as the future of behavioral health beyond value-based care, which payers often […]
Behavioral health provider Oceans Healthcare has acquired Haven Behavioral Healthcare, adding seven new locations to its roster. Plano, Texas-backed Oceans announced on Thursday that it acquired all outstanding shares of Haven Behavioral Healthcare, bringing the provider into five new states: Arizona, Idaho, Ohio, New Mexico and Pennsylvania. “Oceans has consistently sought opportunities that would expand […]
Each year, we face the proverbial mirror toward readers and show the stories that garnered the most attention by listing our most-read stories of the year. Unsurprisingly, articles that inform vital functions of a behavioral health professional’s work life dominate the mix. Still, some of our coverage crossed over into the wider newsreading public’s media […]
More allegations about Acadia Healthcare (Nasdaq: ACHC) have surfaced in the press, this time reporting sexual assault at one of the company’s behavioral health hospitals. A male patient at Acadia-owned Options Behavioral Health Hospital raped another patient with severe mental illness, according to reporting by Mirror Indy. A nurse had reported to higher-ups that the […]
Los Angeles-based Amae Health has raised another $6 million through a partnership with nonprofit academic health system Cedars-Sinai. The in-person, serious mental illness-focused startup will integrate electronic medical records with Cedars-Sinai as Amae Health care for patients with serious mental illness (SMI). This deal comes after a $15 million Series A funding round, announced in […]
Limbic, raised $14 million in March to expand into the U.S. market. Now it has done so. The London-based mental health artificial intelligence (AI) company has clinched a partnership with the nonprofit behavioral health system Rogers Behavioral Health. Through the deal, Rogers Behavioral Health is changing its “front door” screening system from primarily phone-based to […]
MiraCare Group filed for bankruptcy protection after its fledgling psychiatric hospital project collapsed in the south suburban Chicagoland area. The development is representative of the challenges that psychiatric hospitals face. Despite desperate demand for these services, they are increasingly less viable enterprises, leading to disinvestment in many instances. The company, based in Palos Heights, Illinois, […]