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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Behavioral health dealmakers have predicted that M&A could reach a new peak in 2021, but some subsectors will see more love than others. Specifically, experts predict that demand for outpatient models and autism services providers will be especially high in the year ahead, with private equity (PE) investors fueling the fire. “I think 2021 is […]