A joint venture (JV) hospital in Chula Vista, California, which is to be co-operated by behavioral health giant Acadia Healthcare (Nasdaq: ACHC), has been given the green light by city officials. The Chula Vista Planning Commission has approved the hospital, Eastlake Behavioral Health, which is a JV between Acadia and San Diego-based Scripps Health that […]
Category: Facility Type
Another top leader at Talkspace Inc. (Nasdaq: TALK) is out of a job at the New York-based virtual behavioral health care company. With little explanation, the company announced President and COO Mark Hirschhorn’s immediate resignation early Monday morning. Hirschhorn’s responsibilities will be picked up by the executive team at Talkspace. The resignation apparently comes following […]
Spero Health opens new addiction treatment clinic Spero Health is welcoming patients to its newest treatment clinic for substance use disorder (SUD), which has opened in Columbus, Ohio. The clinic is located east of I-270 in the Georgian Heights neighborhood and offers a combination of in-person and telehealth services. Ohio Medicaid and most commercial insurances […]
Outpatient mental health services provider Geode Health is expected to announce its first deal in the first half of 2022, according to sources close to the company. If the deal comes through quickly enough, Geode will have behavioral health operations within a year of KKR & Co. Inc. creating and launching the company with one […]
Caregiver Inc. — a provider of long term care services to individuals with intellectual and developmental disabilities (I/DD) — has expanded its Midwestern footprint with the acquisition of four operators in Indiana and Ohio. Fort Worth, Texas-based Caregiver announced the deal Tuesday. “We continue to support our mission of providing high quality supports to our […]
Less than two months after entering a binding agreement to merge, Delic Holdings Corp. and Ketamine Wellness Centers Arizona LLC (KWC) have officially signed off on the transaction. The closing of the deal between the psychedelic wellness providers was announced Tuesday, with KWC becoming a wholly-owned subsidiary of Delic for $10 million. The purchase now […]
LifeStance Health Group Inc. has more than doubled its provider count and geographic reach over the 18 months and is showing no signs of slowing down. And the company’s leadership issued a bold prediction about the outcome of its growth efforts. “We won’t stop until every person in the United States is one click or […]
In an alleged scheme of massive proportions, two Florida brothers were convicted Thursday on federal charges of billing fraud at addiction treatment centers they operated. The ruling came from a South Florida jury after a seven-week trial, in which brothers Jonathan and Daniel Markovich were accused of fraudulently billing $112 million in services at two […]
In the behavioral health world, Sheppard Pratt has long been a stalwart. Founded in 1853, Towson, Maryland-based Sheppard Pratt is the nation’s largest nonprofit provider of mental health, substance use disorder (SUD), developmental disability, special education and social services. Ranked as one of the top hospitals for psychiatry by US News & World Report, Sheppard […]
Universal Health Services Inc. can’t fill gaps in its nursing workforce — even when it pays top dollar to hire contract nurses. Steve Filton, CFO for the King of Prussia, Pennsylvania-based behavioral and acute care giant, said that the present labor shortage in health care led UHS to cap bed capacity in the third quarter. […]
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