Sabra Health Care REIT (Nasdaq: SBRA), a national real estate investment trust, has entered into a proposed agreement to provide the Recovery Centers of America (RCA) with a $325 million mortgage loan, which would be secured by eight inpatient addiction treatment facilities. Six of the centers are stabilized while two properties, which opened during the […]
Category: Outpatient
Phoenix-based Connections Health Solutions recently scored $30 million in its first-ever round of growth funding, which came from the private equity firm The Heritage Group. While the crisis stabilization company has been around for more than a decade, it’s growth story is just getting started, in large part thanks to that new funding. Founded in […]
BetterUp taps Walmart exec as its first CMO Behavioral health unicorn BetterUp, which provides counseling and coaching services through its virtual platform, has named Tom Van Gilder as its first ever chief medical officer (CMO). Van Gilder comes to the company from Walmart (NYSE: WMT), where he also served as CMO. There, Van GIlder led […]
Four mental health providers have merged to form a new outpatient behavioral health platform with multi-state reach. The resultant company is called Transformations Care Network, and it boasts 23 outpatient mental health practices across four states, with more than 400 clinical employees total. NorthEast Health Services (NEHS), InterCare Psychiatric Services, GR&W Health and My Transformations […]
The behavioral health industry seems to be making good on predictions that 2021 would be a record year for dealmaking. “The behavioral health M&A numbers are in, and in a word, they are extraordinary,” Dexter Braff, president of the M&A advisory firm The Braff Group, said in a mid-year deal report shared with Behavioral Health […]
Recovery Ways adds Idaho Behavioral Health to family of programs The substance use disorder (SUD) treatment provider Recovery Ways has added Idaho Behavioral Health (IBH) to its portfolio. Details of the deal were not disclosed. Boise-based IBH operates addiction treatment and mental health clinics in four locations throughout the Gem State. Those clinics are located […]
Oceans Healthcare enters JV to build new behavioral hospital Oceans Healthcare has entered into a joint venture (JV) partnership to build a behavioral health hospital in south central Oklahoma. Oceans is teaming up with Norman Regional Health System for the project. Together, the pair will construct Behavioral Health Porter Village, a 48-bed hospital expected to […]
As a developer of health care and senior living properties, Prevarian Companies is well-versed in the construction of facilities serving some of the nation’s most vulnerable populations. And if the real estate developer has its way, a significant portion of its future business will come courtesy of the behavioral health sector. Founded in 2004, Dallas-based […]
Talkspace adds chief growth officer The virtual behavioral health provider Talkspace (Nasdaq: TALK) has appointed Erin Boyd as the chief growth officer of its Enterprise organization. The chief growth officer role is a newly created one for the New York-based company. Boyd comes to the position from Cigna (NYSE: CI), where she was a solutions […]
As overdose deaths have spiked amid the pandemic, Congress has authorized billions of dollars in the fight against substance use disorder (SUD). While the funding has been lauded by many for its potential to improve treatment access, others argue the federal government still hasn’t done enough to help the minority communities hardest hit by SUDs. […]