Acadia Healthcare (Nasdaq: ACHC) has formed a joint venture with Henry Ford Health System to bring a new behavioral health hospital to the Detroit area. The pair announced the JV Wednesday. Headquartered in Franklin, Tennessee, Acadia bills itself as the nation’s largest standalone provider of behavioral health services. As of Sept. 30, it boasted 582 […]
Category: Facility Type
Caravel Autism Health expands into new state Caravel Autism Health is adding its first location in the state of Iowa. The new autism therapy center is set to open in Davenport later this month. Backed by the private equity and venture capital firm Frazier Healthcare Partners, Caravel is a Midwestern autism services provider that specializes […]
The behavioral health care industry has long been fragmented and siloed. Rather than offer the continuum of care, most providers specialize in certain types of treatment delivered in a specific care setting. And there’s often little continuity between different levels of care. But the behavioral health care industry of the future will be more holistic, […]
Spero Health continues aggressive 2020 growth trajectory Spero Health has opened a new addiction treatment clinic in Hopkinsville, Kentucky. It’s the 16th new facility the Nashville-based company has added so far this year. Spero Health is one of the largest office-based opioid treatment providers (OTPs) in the country, with more than 45 clinics across Kentucky, […]
For many behavioral health organizations, the coronavirus has increased costs while decreasing revenues. Social distancing protocols have made things especially difficult for residential providers, forcing many to reduce their censuses, even amid heightened demand for services. But for Recovery Centers of America (RCA) — a private equity-backed substance use disorder (SUD) treatment provider — the […]
Amid COVID-19, more children are going to the emergency room for mental health-related issues, according to a new report from the Centers for Disease Control and Prevention (CDC). For children ages 5 to 11, mental health-related visits were up 24% year-over-year for the period from March to October. Meanwhile, mental health ER visits for adolescents […]
In January, Universal Health Services (NYSE: UHS) will welcome its first new CEO in more than 40 years. Alan Miller has been at the helm of the company since he founded it back in 1979. Since then, he’s grown the business into one of the nation’s largest hospital management organizations, with 330 facilities across two […]
Caravel Autism Health adds another Midwestern location Caravel Autism Health has announced the addition of a new center in greater Duluth, Minnesota. The new location, set to open in December, is the ninth Caravel has opened in the state since 2019. Caravel is a private equity-backed autism services provider based in the Midwest. It specializes […]
Despite the growing popularity of outpatient care within the behavioral health industry, Acadia Healthcare (Nasdaq: ACHC) remains bullish about the acute care setting. As Acadia’s largest services line, acute care accounts for about 47% of the behavioral health giant’s US revenue. And it seems demand and opportunities in the acute care space are only on […]
Monte Nido expands into second Southeastern state Monte Nido & Affiliates has opened a new residential eating disorder treatment center in Georgia. With the new facility, which is located just outside of Atlanta, the provider has planted its second flag in the Southeast. Malibu, California-based Monte Nido is a private equity-backed eating disorder treatment provider […]
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