Erin Pash, founder and CEO of Ellie Mental Health, is stepping down from that role and into the role of chairwoman for the Ellie board of directors. The Mendota Heights, Minnesota-based mental health provider will be led by long-time revenue cycle management executive Michael DiMarco. The company announced the transition to staffers on Jan. 28. […]
Substance use disorder (SUD) treatment provider Meridian Behavioral Health has acquired Gateway Recovery Center, adding a crucial element to its continuum of care. Gateway provides medical detoxification, a service for which Meridian previously had to refer patients elsewhere. The acquisition is also part of Meridian’s strategic growth plan, which CEO Lewis Zeidner estimates will involve […]
Private equity firm Optimal Investment Group has invested in substance use disorder (SUD) treatment provider Recovery Dynamics. Recovery Dynamics plans to use the strategic investment to grow its service lines and embark on an “ambitious expansion plan.” “Our investment reflects our confidence in the company’s vision and operational expertise, and we are committed to providing […]
Private equity-backed behavioral health provider PAX Health has acquired Harris Psychiatry Services, a psychiatric care provider specializing in workers’ compensation. Financial terms of the deal were not disclosed. PAX Health was formed in March 2024 by merging three behavioral health companies: Behavioral Medicine Associates (BMA), Workers Compensation Psychological Network (WCPN) and Reservoir Health. The company […]
This is an exclusive BHB+ story Experts warn that rates of cannabis use disorder (CUD) are increasing due to more favorable perceptions of the drug and higher concentrations. Providers already treating substance use disorders (SUDs) have the tools to treat CUD – a move that could increase care access and strengthen revenue streams. However, better […]
Health care provider BrightSpring (Nasdaq: BTSG) is divesting its behavioral health business, which includes care for people with intellectual and developmental disabilities (IDD). Sevita, another home and community-based care provider, paid $835 million to acquire the service arm. Louisville, Kentucky-based BrightSpring announced the deal on Monday, saying that selling its behavioral service arm, ResCare Community […]
Thanks to Talkspace’s (NASDAQ: TALK) new partnerships with public payers, Tricare and Medicare, more individuals now have free access to the company’s assets. The tricky part is garnering awareness about the services. Talkspace is also set to cover 200 million lives and is working to improve awareness that its services may be free for many […]
Substance use disorder (SUD) treatment providers who prescribe medications for opioid use disorder (MOUD) via telehealth received some good news on Wednesday. The Drug Enforcement Administration (DEA) and the Department of Health and Human Services (HHS) announced a final rule that allows clinicians to prescribe buprenorphine via telehealth or audio-only telehealth visits for up to […]
Behavioral health titan Acadia Healthcare (Nasdaq: ACHC) saw the largest expansion of its bed count in its history during 2024. The expansion will lead to a spike in startup costs and a potential hit to profitability in 2025. Going into 2026, Acadia Healthcare executives speaking at the 2025 J.P. Morgan Healthcare Conference say that they […]
The Federal Trade Commission (FTC) has sued a substance use disorder (SUD) treatment provider for posing as other providers to get increased business. Florida-based Evoke Wellness allegedly used deceptive Google search ads that appeared to represent other SUD providers, using its competitors’ names as keywords and displaying ads in a way that impersonated other clinics, […]
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
