LifeStance Health Group Inc.’s management has made it clear that it is not subject to the same sustainability woes as competitors in the telehealth-only or digital mental health space. Michael Lester, LifeStance Health CEO and co-founder, went even further, saying on the May 9 first-quarter earnings call the company has several advantages over the competition […]
CareTrust REIT (Nasdaq: CTRE) is continuing to look for new partners and grow in the behavioral health space. “The behavioral health asset class not only provides us with a new tool for finding a higher and better use for our own underperforming assets, but it also opens up a high-demand undersupplied investment opportunity for growth,” […]
Real estate investment trust Sabra Health Care REIT (Nasdaq: SBRA) is prioritizing behavioral health as it continues its strategy to diversify revenue, Sabra CEO Mark Rick Matros said during the company’s Q1 earnings call. The company, which also has existing assets in the skilled nursing facility and senior living space, said that it is looking […]
William Furness has been named the new CEO of Lynchburg, Virginia-based Thriveworks. Furness announced last week that he had taken on the role in a LinkedIn post and succeeds founder Anthony Centore who started the company in 2008. Thriveworks offers in-person and online counseling and psychiatry and lists 321 locations in 42 states and Washington […]
Behavioral health mergers and acquisitions have generated much buzz in the last couple of years, as dealmaking has reached record levels. However, some other providers are choosing to scale up operations by going a different route — joint ventures (JVs). Acadia Healthcare (Nasdaq: ACHC) and Universal Health Systems (NYSE: UHS) – two of the biggest […]
New York City-based Resilience Lab has opened its headquarters in the Flatiron District to in-person visits, announcing that the organization will shift its care delivery to a hybrid model. The fast-growing outpatient mental health provider shifted “99.9” to telehealth in a week and upended its hyper-local approach to giving access to mental health services, Marc […]
Bay Area Clinical Associates announced Friday that it plans to expand nationwide following a new partnership with Charleston, South Carolina-based private equity firm Frontline Healthcare Partners. The San Jose, California-based mental health provider presently has over 80 youth-focused clinicians, including 35 child and adolescent psychiatrists, and claims to be one of the largest groups on […]
Managing behavioral health in tandem with medical issues is at the core of UnitedHealth Group Inc.’s (NYSE: UNH) value-based care strategy. The company’s recent acquisition of Jacksonville Beach, Florida-based Refresh Mental Health is emblematic of the company’s approach to value-based care, CEO Sir Andrew Witty said Thursday on United’s Q1 2022 earnings call. “Refresh Mental […]
Behavioral health care provider Forge Health announced Monday the company has raised $11 million to expand services and grow value-based care partnerships. New York state-based Forge Health landed the seven-figure growth investment in a fundraising round led by New York City-based venture capital firm HC9 Ventures. Forge Health aims to bring its blend of digital […]
Some outpatient behavioral health companies are continuing with bold de novo growth strategies even while telehealth continues to have a major impact on the sector. Telehealth has swiftly taken over many aspects of outpatient visits in the behavioral health industry in just three years. Multiple studies and reviews show that telehealth has had and continues […]
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