One month after private equity platform Onex Partners agreed to acquire a majority stake in Newport Healthcare, the deal is now officially done. The Toronto-based Onex Corporation — a financial investment firm that oversees Onex Partners — announced Tuesday it had completed its purchase in Newport, a behavioral health provider for teens, young adults and […]
Category: Residential
Monte Nido purchases treatment provider Eating disorder treatment provider Monte Nido & Affiliates has announced that it has purchased Waltham, Massachusetts-based Walden Behavioral Care. Financial terms of the deal were not disclosed. Founded in 2003, Walden provides eating disorder treatment and psychiatric care for children, teens and adults at facilities in Massachusetts, Connecticut and Georgia. […]
BRC Healthcare is entering the Nashville, Tennessee market with the acquisition of four affiliated facilities for an undisclosed amount. The four locations include Nashville Recovery Center (NRC), NRC Clinical, Nashville Detox Center and Tennessee Recovery Clinic. Co-founders Ryan Cain and Darren Hobbs established the four companies in 2018 and are coming aboard BRC in management […]
Ashley Addiction Treatment and Release Recovery Foundation have teamed up to launch a scholarship for underserved communities in need of substance use disorder (SUD) treatment. Specifically, the new scholarship program aims to remove financial barriers for people of color, who are less likely to get treatment than their white counterparts. “Our real goal is to […]
Caron Treatment Centers CEO-elect assumes role Brad Sorte has officially taken over the reins of Caron Treatment Centers, assuming the positions of president and CEO after being named to the roles last December. He assumed duties from retired president and CEO Brad Tieman, who was with Wernersville, Pennsylvania-based Caron for more than 25 years. Tieman […]
BrightView buys Aspire BrightView Health has struck a deal to acquire Aspire, a substance use disorder (SUD) treatment provider in Chesapeake, Virginia. Financial terms of the transaction were not made public. Headquartered in Cincinnati, BrightView operates 39 SUD treatment clinics across Virginia, Ohio, Kentucky and Delaware. The comprehensive addiction treatment provider accepts Medicaid, Medicare and […]
UHS names new behavioral health hospital Beaumont Health and Universal Health Services (NYSE: UHS) have officially announced the name of their new joint venture (JV) behavioral health hospital. Named Beaumont Behavioral Health, the new facility will open in Southfield, Michigan in the fall. The $40 million, 144-bed hospital will be located across the street from […]
Optum has changed the way it covers out-of-network benefits for certain members in California, leaving many residential behavioral health providers unsure where they stand and what the changes means for future payments, Behavioral Health Business has learned. Part of the multinational managed healthcare and insurance company UnitedHealth Group, Optum detailed the policy changes in a […]
Since the Stonewall Inn demonstrations of 1969 helped catalyze the LGBTQ+ rights movement, the U.S. has made many social and legal strides to treat LGBTQ+ individuals more fairly. Still, as the nation celebrates Pride Month more than 50 years later, many people continue to face stigma related to their sexual orientation, creating a unique set […]
As the nation has again reached a record number of overdose deaths, many believe increased access to medication-assisted treatment (MAT) could help. However, more needs to be done to increase MAT access for people of color specifically. At least, that’s the argument Barbara Andraka-Christou made in a recent article published in the June edition of […]
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