James Bailey, a veteran behavioral health executive, saw his son enter a mental health facility in 2023. A little more than a year later, Bailey acquired the company that helped his son recover. On Thursday, Bailey’s company, Paramount Health Management, announced its acquisition of St. George, Utah-based Life Launch Centers and its four facilities in […]
Category: Facility Type
LifeStance Health (Nasdaq: LFST) is overhauling its facilities with a new operating model — one that it hopes will strengthen its position ahead of what executives expect to be a rocky 2025. The outpatient mental health giant’s executives project that federal reimbursement rate cuts will challenge the company’s financial progress. LifeStance is banking on momentum […]
Sabra Health Care REIT (Nasdaq: SBRA) is less enthusiastic about doing deals in the behavioral health space. Leaders of the Tustin, California-based health care real estate investment trust (REIT) said they no longer see the same opportunity to diversify portions of their portfolio to behavioral health uses. The company has also identified few prospective behavioral […]
Earlier this year, the city commission of Stuart, Florida, said “no” to a zoning variance requested by Behavioral Health Centers LLC, which sought to repurpose an existing building into a mental health and substance use disorder (SUD) center. The commission, and residents of the Florida Treasure Coast town, feared that the clinic’s patients would cause […]
MiraCare Group filed for bankruptcy protection after its fledgling psychiatric hospital project collapsed in the south suburban Chicagoland area. The development is representative of the challenges that psychiatric hospitals face. Despite desperate demand for these services, they are increasingly less viable enterprises, leading to disinvestment in many instances. The company, based in Palos Heights, Illinois, […]
Lack of transportation is one of the most common barriers to care for people with opioid use disorder (OUD). Some providers are surmounting this problem by bringing care directly to patients. Mobile vans are used by both nonprofit and for-profit substance use disorder (SUD) providers to target people who struggle to access treatment through traditional […]
Behavioral health clinicians at Kaiser Permanente on Monday started an open-ended strike in Southern California. An estimated 2,400 therapists, psychologists, social workers and psychiatric nurse practitioners stopped work, and will continue to picket various Kaiser Permanente locations. In part, the mental health and addiction treatment providers are asking Kaiser, a nonprofit and one of the […]
Acadia Healthcare (Nasdaq: ACHC) is executing its M&A strategy as it seeks to grow its geographic footprint. The largest behavioral health provider in the U.S. announced Tuesday that it acquired three opioid treatment programs (OTPs) in South Carolina, representing the company’s debut in the state’s opioid treatment landscape. “South Carolina is an underserved market with […]
One of California’s largest opioid treatment providers (OTP) is taking advantage of a landmark change in federal rules. Pinnacle Treatment Centers announced Monday that they will begin prescribing opioid use disorder (OUD) patients methadone via audio-visual telehealth sessions in the state of California. “Expanding access to methadone by allowing patients to initiate treatment via telehealth […]
Youth behavioral health residential treatment facilities could face more scrutiny following additional public pressure by a powerful federal lawmaker. On Wednesday, Senate Finance Committee Chair Ron Wyden (D-Oregon) publicly called on the U.S. Department of Justice (DOJ) to investigate four major behavioral health providers to determine if their youth residential treatment programs committed Medicaid fraud. […]
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