Seaside Leverages Home-Based Medicaid Model, Sets Sights on Five-Fold Growth

Seaside Healthcare may not be one of the most well-known names in the behavioral health space, but the company is hard at work establishing a national presence for itself.  Founded in 2009, the Shreveport, Louisiana-based company’s roots go back several years and are intertwined with Hurricane Katrina. That’s when Franklin Roemer, who had been living […]

Pipeline: UHS Opens Two New Facilities; SUD, ABA Expansions

UHS co-opens two behavioral hospitals Universal Health Services (NYSE: UHS) has opened two new behavioral health hospitals as a result of recent partnerships. One of those is a new specialty facility in Clive, Iowa. Clive Behavioral Hospital is a partnership between UHS and Iowa-based health care provider MercyOne. The hospital spans 83,000 square feet and […]

Transactions: Eating Disorder Treatment Providers Merge; New ABA Tech Deal

The Emily Program, Veritas Collaborative join forces Two eating disorder treatment providers are merging. St. Paul, Minnesota-based The Emily Program and Durham, North Carolina-based Veritas Collaborative have announced their intentions to merge operations, with the deal expected to close around the end of March. Terms of the transaction were not disclosed. The two companies have […]

Movers & Shakers: Biden Picks Leader for CMS; New CEOs at Alsana, Tempest

Biden picks new head of CMS President Biden has tapped Chiquita Brooks-LaSure to run the Centers for Medicare and Medicaid Services (CMS), according to various media reports. As of Friday afternoon, Biden had yet to announce the news. Brooks-LaSure’s appointment to the position is contingent upon the Senate confirming her nomination. CMS oversees Medicare and […]

Pipeline: Spero, SaVida Add New Treatment Centers; Caravel Deepens Footprint in Illinois

Banyan Treatment Centers opens first Texas location Banyan Treatment Centers has opened its newest facility in Waelder, Texas. Located in the southeastern part of the state, Banyan Texas is a 70-acre facility that provides drug and alcohol detoxification and residential addiction treatment services. The services are geared toward dual diagnosis patients struggling with addiction and […]

Oceans Healthcare to Enter Two New States in 2021 to Serve Overlooked Populations

Since 2004, Oceans Healthcare has been making a name for itself by providing behavioral health services to overlooked populations. At first, that meant seniors: The provider of inpatient and outpatient behavioral health services got its start treating the older adult and geriatric population specifically. While that demographic is still key to Oceans’ business, it’s since […]

Virtual Eating Disorder Treatment Provider Equip Raises $13M

Equip, a virtual eating disorder treatment provider, has raised $13 million in Series A funding, the company announced Wednesday. That brings Equip’s total funding raised up to $17 million.  Optum Ventures led the funding round, with additional participation from new investor .406 Ventures and existing funder F-Prime Capital. Founded in 2019, Equip aims to make […]

IMD Waivers Improve Access to Inpatient — and Outpatient — SUD Treatment

Substance use disorder (SUD) treatment providers in certain states serve Medicaid beneficiaries better than others. It all depends on whether they operate in a state with a waiver allowing them to bypass the Institutions for Mental Diseases (IMD) exclusion, according to new research published in the February issue of Health Affairs. Not only do providers […]

RCA Unveils Push to Hire Nearly 700 Behavioral Health Workers

Recovery Centers of America (RCA) announced plans Wednesday to fill nearly 700 positions across six states. Based in King of Prussia, Pennsylvania, RCA is a substance use disorder (SUD) treatment provider with 10 inpatient treatment centers, eight outpatient facilities and five opioid treatment programs across Maryland, Pennsylvania, New Jersey, Massachusetts, Indiana and Chicagoland. The positions […]