Amwell CEO Hints at Acquisition of Behavioral Health Startup

Amwell (NYSE: AMWL), one of the nation’s largest telehealth companies, could be in the market to acquire a behavioral health startup, according to Business Insider.  Based in Boston, Amwell connects patients with doctors via secure video connection. The company, formerly known as American Well, has thrived amid the pandemic, which has made virtual visits a […]

M&A Stakeholders Say These Factors Are Non-Starters for Buyers Eying SUD Providers

M&A experts predict 2021 will be filled with behavioral health deals, as investors and strategic buyers have fewer viable targets to chase in other industries.  But not every provider is created equal, especially in the substance use disorder (SUD) space. To be an attractive acquisition target, providers must prioritize clinical care, utilize robust internal compliance […]

Behavioral Benefits Provider Spring Health Snags $76M

Spring Health — a behavioral health benefits provider — has snagged $76 million in Series B financing, bringing the company’s total funding raised up to $106 million. Based in New York, Spring Health offers employers a comprehensive solution that connects their workers with mental health clinicians and resources. The startup bills itself as the front […]

Therapist Matching Startup Headway Raises $26M

Headway, a startup that helps people find therapists that accept their insurance, has raised $26 million in Series A funding. That brings the company’s total funding raised up to about $33 million.  Since its founding in 2019, Headway has helped tens of thousands of patients find therapists and book appointments. It currently works with about […]

Talkspace Sees Increased Interest from Potential Buyers Amid Sale Rumors

Talkspace, a digital therapy startup with a bevy of celebrity supporters, could soon be changing hands.  Bloomberg first reported the news Tuesday, citing “people with knowledge of the matter.” Those sources told the publication that the text-based therapy platform is working with advisers on a potential sale. Headquartered in New York City, Talkspace is a […]

Pipeline: Caravel Autism Health Expands in Multiple States Under Various Brands

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 […]

Transactions: Behavioral Health Group’s Latest Acquisition; New Behavioral Tech Deal

Behavioral Health Group acquires Wellness Ambulatory Care  Behavioral Health Group (BHG), a national opioid use disorder (OUD) treatment provider, has acquired Wellness Ambulatory Care, an office-based opioid treatment provider (OTP). Financial terms of the deal were not disclosed. Based in Dallas, BHG bills itself as the largest network of Joint Commission-accredited outpatient opioid treatment and […]

Tech-Enabled Autism Services Provider Springtide Raises $18.1M

Springtide — a technology-enabled autism services provider — has raised $18.1 million in Series A funding. Deerfield Management Company and Optum Ventures led the financing round. With offices in Connecticut and New York City, Springtide provides in-person, center-based applied behavioral analysis (ABA), speech therapy, occupational therapy and physical therapy to children with autism. It also […]

Acadia Leaders Tout Growing Demand, Opportunities within Acute Care Service Line 

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 […]