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 […]
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 […]
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 […]
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. […]
Many behavioral health providers are excited about the prospect of leveraging value-based care in order to be paid more for the high-quality outcomes they deliver. But there is no one universal strategy for how such care should be delivered or tracked, as behavioral health lacks many of the empirical measures used in physical health care. […]
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 […]
Acadia partners with suicide prevention organization to open new centers Acadia Healthcare (Nasdaq: ACHC) has opened 15 community resource centers in partnership with a leading suicide awareness organization to help young individuals with opioid use disorder (OUD). The centers are located in four states across the country within Acadia’s Comprehensive Treatment Centers (CTC), which provide […]
A lack of adequate access to mental health treatment and resources has long plagued the nation. And the problem is only getting worse for children, who face especially long wait times when they go to emergency departments (EDs) for mental health care, according to a new study published by the journal Pediatrics. For the study, […]
Acadia forms JV with Geisinger Acadia Healthcare (Nasdaq: ACHC) has formed a joint venture (JV) with Danville, Pennsylvania-based Geisinger Health System to build two new inpatient behavioral health facilities. The companies are putting a combined total of about $80 million toward the projects. The first of the two facilities will open next year in Moosic, […]
Acadia Healthcare (Nasdaq: ACHC) and Lutheran Health Network of Indiana have announced a joint venture partnership to build a behavioral health hospital in Fort Wayne. The 120-bed facility, which is scheduled to open next spring, will provide inpatient and outpatient care to adults, seniors and adolescents for acute mental health conditions like anxiety, depression, bipolar […]