On Friday, the Substance Abuse and Mental Health Services Administration (SAMHSA) awarded a five-year grant to the National Council for Mental Wellbeing to operate a national center for technical assistance for Certified Community Behavioral Health Clinic (CCBHC) grantees. The National Council for Mental Wellbeing will be given $3 million every year for five years and […]
Category: Facility Type
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 […]
A growing number of residential behavioral health providers are outsourcing their dining services, according to Karen White, director of marketing at Culinary Services Group. “We’ve seen a large uptick probably within the past year,” White told Behavioral Health Business. “A lot of these organizations are seeing the benefit of having somebody … that can develop […]
The Certified Community Behavioral Health Clinic (CCBHC) model means more money for behavioral health providers, better outcomes for patients and lower costs for the health care system overall. While the model was originally only accessible to providers located in select states participating in the CCBHC Medicaid demonstration, these days, providers nationwide can become CCBHCs with […]
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 […]
The health care services group of Colliers (Nasdaq: CIGI) — a Toronto-based real estate services and investment management firm — has brokered a 10-year lease agreement for a lease a 1.25 acre residential facility in Riverside County, California. It will be used as a substance use disorder (SUD) treatment center. Colliers will lease the facility […]
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 Certified Community Behavioral Health Clinic (CCBHC) model has been shown to reduce hospitalizations, cut costs and improve employee recruitment and retention for participants. And on top of all that, it can also help set providers up for success in value-based care models. “CCBHC funds can really help organizations put those building blocks into place […]
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 […]
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