Community Psychiatry, which provides outpatient behavioral health services at over 40 locations throughout its home state of California, has started to realize its nationwide expansion ambitions with the purchase of Durham, North Carolina-based MindPath Care Centers. The acquisition more than doubles Community Psychiatry’s facility count and establishes its presence in the Southeastern U.S. Terms of […]
Vertava Health acquires Integrated Addiction Care Associates Vertava Health has announced it has purchased outpatient behavioral health provider Integrated Addiction Care Associates (IAC), in a move that brings together two Tennessee operators. Financial terms of the deal were not disclosed. IAC offers medication-assisted treatment (MAT), intensive outpatient programs (IOP) and primary care services to residents […]
On its fourth quarter and year-end 2020 earnings call in February, Acadia Healthcare (NASDAQ: ACHC) talked optimistically about its four-pronged future growth plan, largely fueled by the divestiture of its United Kingdom operations. Flash forward to the present, and the behavioral health care giant’s plans are already bearing fruit on its bottom line. In Q1 […]
Caron Treatment Centers has spent much of its 60-plus-year lifespan making a name for itself as a private pay substance use disorder (SUD) treatment provider. But in recent years, the not-for-profit broke into the insurance market in a big way: These days, about 80% of its patients are covered by commercial payers, according to Caron’s […]
Acadia Healthcare (Nasdaq: ACHC) recently launched a new suicide prevention pilot targeted at outpatient opioid use disorder (OUD) patients. While the program is currently only being tested in 15 of the provider’s 135 comprehensive treatment centers (CTC), Chief Medical Officer Michael Genovese said the program is indicative of the behavioral health giant’s larger-scale priorities. “All […]
PursueCare — a Middletown, Connecticut-based provider of virtual medication-assisted treatment (MAT) services — has raised $7 million in an oversubscribed Series A2 funding round led by OCA Ventures, Seyen Capital, Wasabi Investors and other health care investors. The round brings PursueCare’s total funding raised up to $12.8 million, according to the fundraising tracking website Crunchbase. […]
When it comes to the nation’s $42 billion dollar substance use disorder (SUD) treatment market, services are naturally the focal point of most businesses. But providers can’t offer those services at scale without the help of payers, who have the power to make treatment more affordable and accessible to the masses. That’s why Landmark Recovery […]
Many behavioral health providers are excited about the prospect of leveraging value-based care in order to be paid more for the high-quality outcomes they deliver. But there is no one universal strategy for how such care should be delivered or tracked, as behavioral health lacks many of the empirical measures used in physical health care. […]
Meadows hires executive director of virtual outpatient Phoenix-based Meadows Behavioral Healthcare has hired Mark Baumgartner as its executive director of virtual outpatient services. Before coming to Meadows, Baumgartner spent most of his career at the Betty Ford Center, which is part of the Hazelden Betty Ford Foundation. He worked there almost two decades, serving his […]
Acadia partners with suicide prevention organization to open new centers Acadia Healthcare (Nasdaq: ACHC) has opened 15 community resource centers in partnership with a leading suicide awareness organization to help young individuals with opioid use disorder (OUD). The centers are located in four states across the country within Acadia’s Comprehensive Treatment Centers (CTC), which provide […]
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