Wilderness Therapy Industry’s Decline Accelerated by Embark Behavioral Health’s Exit

In case you missed it, Behavioral Health Business has launched a new specialty publication for professionals in the substance use disorder space. You can subscribe to Addiction Treatment Business here: Subscribe today! The behavioral health industry continues its shift away from adolescent wilderness therapy programs as payers opt for other care models and the segment grapples […]

PE Wary of Serious Mental Illness Investment, But Venture Capital May Be Ready to Pounce

While private equity investors continue to look for new opportunities in behavioral health, there is one area that is still relatively uncharted: serious mental illness (SMI) care. Caring for the SMI population can be very challenging and requires a multipronged approach, as well as a robust patient engagement plan. Due to these challenges, SMI care […]

Discovery Behavioral Health Trims Residential Care To Shift Business Strategy

Discovery Behavioral Health has consolidated or closed around 14 to 16 locations as part of a retooling of the company in the face of severe market pressures. The provider plans to deemphasize its focus on legacy residential care and double down on its “consumer-direct approach,” Discovery Behavioral Health CEO John Peloquin told Behavioral Health Business. […]

Wrap-Around Services, New Funding Models Hold Promise for Improving SMI Treatment

The behavioral health industry often falls short when caring for underserved communities with serious mental illness and substance use disorders. Despite the infusion of capital that poured into the mental health industry over the last few years, the bulk of that investment has been centered around low-acuity patients with commercial health plans. However, many are […]

SUD Providers Broaden Continuum of Care As Patient Complexity Rises

People with substance use disorders (SUDs) are more likely to have co-occurring disorders, including mental health conditions and physical illnesses.  With that in mind, residential SUD treatment providers are stepping up to offer more comprehensive treatment. Operators are weaving services like psychiatry and eating disorder treatment into residential offerings to provide the necessary breadth of […]

‘Those Opportunities Don’t Come Up Very Often’: Sabra Opts For Steady Behavioral Growth

Sabra Healthcare REIT (Nasdaq: SBRA) plans to take an incremental approach to growing its behavioral health portfolio. The Irvine, California-based real estate investment trust (REIT) has invested just over $800 million in the behavioral health space but finds opportunities to grow that business less frequently than its other segments, according to its Q3 earnings call. […]

Converting Facilities From Skilled Nursing to Behavioral Health May Save Money, Time

When it comes to creating new behavioral health facilities, buying used may be a better bet than building new. Adaptive reuse conversions involve transforming buildings previously used for another purpose into behavioral health facilities. An increasing portion of the facilities adapted to behavioral health uses are skilled nursing facilities (SNF) or assisted living facilities. If […]

Sabra’s Portfolio Is ‘The Most Diversified It Has Ever Been’ As It Moves to Add More Behavioral Health Facilities

Sabra Healthcare REIT (Nasdaq: SBRA) boasts its most diversified portfolio as it continues to invest in behavioral health properties. While most of the Irvine, California-based real estate investment trust’s (REIT) assets are in the skilled nursing facility (SNF) and senior living spaces, behavioral health now makes up about 14% of its asset concentration. “Our portfolio […]

Acadia Makes Good on M&A Promise, Buys Diversified Behavioral Health Provider Turning Point Centers

Acadia Healthcare Company (Nasdaq: ACHC) is attributing recent revenue growth to favorable rate increases across service lines and decreasing wage inflation. This comes after a long stretch of workforce challenges and rising salaries. Those developments bode well for the behavioral health industry at large. “The labor environment continues to show signs of improvement, positioning the […]

PE-Backed Harmony Health Group Scoops Up Former Delphi Facilities

Private equity-backed Harmony Health Group has acquired three facilities that were formerly part of Delphi Behavioral Health Group’s network. Charlotte, North Carolina-based Harmony Health Group operates 13 treatment centers throughout Florida, North Carolina, Tennessee, New Jersey and Massachusetts. Services at those facilities include treatment for mental health and substance-use disorders (SUDs), as well as dual-diagnosis […]