Real estate firms Hicks Ventures and Artemis Real Estate Partners are collaborating on a $100 million joint venture (JV) to develop between 18-20 care facilities that include behavioral health hospitals. The JV – which will also encompass inpatient rehabilitation facilities – brings together the two firms who each have a sizable presence developing properties in […]
Category: Facility Type
Throughout 2021, Acadia Healthcare (Nasdaq: ACHC) made good on goals it laid out to expand its services through joint ventures (JVs). With a new year underway, Acadia – which is the nation’s largest pure-play behavioral health provider – remains bullish on that strategy as far as driving future growth. According to CEO Debbie Osteen, JVs […]
Lifestance Health Group Inc. CEO and Founder Michael Lester doesn’t see the many digital mental health providers that have flooded into the market as competitors for patients or for staff. That’s because Lifestance (NASDAQ: LFST) does what many in the ever-growing crowd of venture capital-backed digital mental health companies don’t. “We don’t see the pure-play […]
The fight against substance use disorder (SUD) in America, at times, seems to be a neverending one. Massive on an economic scale, it is estimated that SUDs cost the nation $600 billion annually. Then, of course, is the emotional and public health toll of the epidemic, measured routinely in numbers published by organizations like the […]
Middle market-focused private equity firm FFL Partners and Two Sigma Impact announced Tuesday that they have acquired majority ownership in addiction treatment provider Community Medical Services (CMS). San Francisco-based FFL and Two Sigma Impact – which is a division of New York-based hedge fund Two Sigma – are purchasing the stake from Clearview Capital, which […]
Two Missouri behavioral health organizations are joining forces as Springfield-based Burrell Behavioral Health has acquired Comprehensive Mental Health Services (CMHS), which is based in Independence. Burrell Behavioral Health, which was founded in 1977, is the second largest behavioral health provider in Missouri, employing more than 500 clinicians and serving over 40,000 clients across 25 counties […]
Spero Health opens doors to two new locations Substance use disorder (SUD) treatment provider Spero Health has expanded its footprint with two new locations in Ohio and Virginia. Spero’s Ohio clinic is located in Akron, in the eastern part of the city, and offers in-person and telehealth services. The clinic accepts most commercial insurances as […]
CVS Health (NYSE: CVS) has completed 8 million virtual visits for behavioral health care during 2021, the company disclosed last week during its Investor Day conference. Investor Day took place as the company also recently announced plans to close around 900 stores – around 10% of its physical locations – over the next few years […]
Addiction treatment provider BrightView Health is deepening its footprint in Virginia with the acquisition of Virginia Beach-based Right Path Addiction Treatment Centers. Right Path operates five clinics in eastern Virginia, which are located in Richmond, Chesapeake, Newport News, Suffolk and its homebase of Virginia Beach. The provider offers medication-assisted treatment (MAT) drugs such as buprenorphine […]
The behavioral health industry’s move toward value-based care has brought with it much debate on how positive health care outcomes can be best defined. Now, one of the industry’s leading groups is undertaking efforts to do so as part of a new collaboration. The National Council for Mental Wellbeing is partnering with information technology company […]
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