Amwell acquires two virtual health care companies After hinting last year at its intentions of acquiring a behavioral health startup, Amwell (NYSE: AMWL) has acquired two virtual care providers, one of which specializes in mental health. The Boston-based telehealth company announced that it has purchased SilverCloud Health and Conversa Health for a combined $320 million. […]
Category: Hospitals and Health Systems
Universal Health Services’ (NYSE: UHS) stock price hit a 52-week high of $165.16 on Tuesday after the hospital management company beat second-quarter earnings expectations. During the successful quarter, the company saw some behavioral health labor pressures ease amid increased demand for services. “Every indicator that we have both on a … macro industry-wide basis and […]
Caravel Autism Health expands footprint Caravel Autism Health has opened a new facility in Geneva, Illinois. The center is located west of Chicago and provides applied behavior analysis (ABA) services to children ages 2 to 18. ABA is widely considered to be a gold standard of autism care. Owned by the private equity and venture […]
Caron Treatment Centers CEO-elect assumes role Brad Sorte has officially taken over the reins of Caron Treatment Centers, assuming the positions of president and CEO after being named to the roles last December. He assumed duties from retired president and CEO Brad Tieman, who was with Wernersville, Pennsylvania-based Caron for more than 25 years. Tieman […]
UHS names new behavioral health hospital Beaumont Health and Universal Health Services (NYSE: UHS) have officially announced the name of their new joint venture (JV) behavioral health hospital. Named Beaumont Behavioral Health, the new facility will open in Southfield, Michigan in the fall. The $40 million, 144-bed hospital will be located across the street from […]
In a move that aims in part to expand the availability of behavioral health services, LifePoint Health has entered into a definitive agreement to acquire Kindred Healthcare. Financial terms of the transaction were not released; however, LifePoint said that it will not use COVID-19 relief funds for the purchase and that it plans to provide […]
Some long-term acute care (LTAC) hospitals have elevated their ability to treat behavioral health conditions amid the COVID-19 emergency, according to a recent report from ATI Advisory, a D.C.-based advisory services firm focused on transforming care delivery for frail older adults and their families. “I think you’re kind of seeing investment in infrastructure overall,” Conner […]
Concert Health has inked two new collaborative care partnerships — one with Benson Hospital, a rural health hospital in Arizona, and another with Women’s Health U.S. (WHUSA), a multi-state women’s health practice. The news comes just a few months after the collaborative care company struck up similar arrangements with two big name health systems: Equality […]
NHI’s $62.3M behavioral health investment National Health Investors, Inc. (NYSE: NHI), a health care real estate investment trust (REIT), has added a $62.3 million specialty behavioral health investment to its portfolio. That includes a $40.3 investment for the purchase of Brookhaven Hospital, a 64-bed s behavioral hospital in Tulsa, Oklahoma. The hospital will be leased […]
As Acadia Healthcare’s (Nasdaq: ACHC) business continues to stabilize, the behavioral health powerhouse has its sights set on a 10% EBITDA growth rate over the next five years. Joint ventures (JV) with big name health care partners — including those with whom Acadia already has relationships — will play an important role in helping the […]
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