Mental health and well-being provider Kyan Health announced $16.7 million in funding on Tuesday, including a previously unannounced $4 million seed round and a $12.7 million Series A round. Kyan Health will use the funds to expand globally, including in the U.S., beginning in 2026. The company also plans to enhance its AI-powered platform and […]
Kelly (Nasdaq: KELYA, KELYB), a workforce solutions provider, acquired childhood therapeutics company Children’s Therapy Center (CTC). The acquisition expands Kelly’s clinical services in what the company called a “high-margin, high-demand” sector. “The demand for services has been going on for years, actually, and certainly well before the pandemic, when you think about the increase of […]
The ongoing need for behavioral health services will be no surprise to anyone involved in the industry. Patients continue to have high rates of need and often present with greater acuity. This demand for behavioral health services was reflected across payers’ Q3 earnings calls. The result? Sky-high utilization levels. For example, David Cordani, the CEO […]
Virtual pediatric behavioral health provider Fort Health is executing its partner-first, expand-after strategy, securing a round of funding while landing a new payer partnership. The New York City-based provider raised a $5.5 million round led by venture capital firms Twelve Below and Vanterra, Fort Health exclusively told Behavioral Health Business. The funds will be used […]
Autism therapy provider Helping Hands Family has acquired fellow services provider Mission Autism Clinics. King Of Prussia, Pennsylvania-based Helping Hands Family’s takeover of Mission Autism Clinics adds 13 centers to its existing presence in Maryland and Pennsylvania. Helping Hands Family also operates centers in Connecticut, New Jersey and New York. “Merging with Mission Autism Clinics […]
James Bailey, a veteran behavioral health executive, saw his son enter a mental health facility in 2023. A little more than a year later, Bailey acquired the company that helped his son recover. On Thursday, Bailey’s company, Paramount Health Management, announced its acquisition of St. George, Utah-based Life Launch Centers and its four facilities in […]
The number of joint venture partnerships between hospitals and behavioral health care providers will continue to climb, despite the lumbering process of finalizing such a pairing. “I do think there’s been some challenges in the last year or two that have maybe slowed deals down a shade,” William Teague, managing director of VMG Health, said […]
Sabra Health Care REIT (Nasdaq: SBRA) is less enthusiastic about doing deals in the behavioral health space. Leaders of the Tustin, California-based health care real estate investment trust (REIT) said they no longer see the same opportunity to diversify portions of their portfolio to behavioral health uses. The company has also identified few prospective behavioral […]
Earlier this year, the city commission of Stuart, Florida, said “no” to a zoning variance requested by Behavioral Health Centers LLC, which sought to repurpose an existing building into a mental health and substance use disorder (SUD) center. The commission, and residents of the Florida Treasure Coast town, feared that the clinic’s patients would cause […]
Finding a buyer for your behavioral health company is similar to marriage, except there’s more commitment. “It’s not like marriage, because in marriage, you can get divorced, and in this, I think, it might be a little messy,” said Sam Himelstein, the co-founder and CEO of Family Spring, a mental health treatment company based in […]
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
