Mental health provider Thriveworks has acquired AI-powered behavioral health company Synchronous Health. The acquisition enables Thriveworks to expand its technology base and operate enterprise relationships with large partners, the company’s top executive told Behavioral Health Business. “There were two boxes that we wanted to check,” Thriveworks CEO Dan Frogel told BHB. “[Synchronous] stands for access […]
Category: Finance
Many of the fastest-growing behavioral health companies in the U.S. believe their recent eye-popping revenue growth is sustainable. Going a step further, some even see it as all but guaranteed. These companies, identified by the 2024 Inc. 5000 list, are enabled, in part, by the specific segment of behavioral health they operate in and their […]
Behavioral health has had a series of small but laudable wins in the last few weeks. The Biden administration finalized new parity rules. Drug overdose deaths are on the decline. The Federal Reserve cut interest rates. And Fed observers are predicting additional rate cuts, too. Be still my nerdy behavioral health industry-observer heart: That’s quite […]
For years, health systems have been teaming up with external providers to better serve the individuals entering and exiting their facilities. A prime example of this trend is post-acute care, with most of the nation’s large health systems now having robust home health and hospice strategies. To some degree, this trend hasn’t hit behavioral health […]
The Federal Reserve recently announced a long-hoped-for rate cut, potentially enabling easier behavioral health dealmaking. Dealmaking in behavioral health has diminished in recent years after cresting in 2021. The same year, the inflation rate took off. The following year, the Federal Reserve, the American central bank, raised interest rates at the fastest clip in recent […]
Anthony DeSena is a physical therapist by training. After transitioning into a leadership role at a PT company and helping it grow, he leveraged that experience to help other health care organizations do the same. Now, he and his team are building a new company from the ground: PAX Health. Unveiled earlier this year, PAX […]
Universal Health Services (NYSE: UHS) is looking to get its behavioral health margins back to pre-COVID times. Reductions in labor costs, enhanced productivity and a bump in patient volume are among the factors that will support that goal, according to Steve Filton, the company’s chief financial officer. “We had originally set a target for [2024] […]
Applied behavior analysis (ABA) and autism diagnosis provider Soar Autism Center has clinched $19.3 million in a funding round. The provider was seeking a total of $20 million, according to SEC documents. Denver, Colorado-based Soar Autism Center provides applied behavior analysis (ABA) therapy based on the early start Denver model (ESDM) to children aged 6 and […]
Investing in the behavioral health industry has evolved rapidly in the last five years. From dizzyingly high funding levels to dramatic drops in annual totals, the recent past makes visualizing the future a daunting task. But long-term industry trends and emerging investment patterns offer some idea of what direction up-and-coming behavioral health companies are heading. […]
Private equity-backed behavioral health companies are organizing to oppose additional dealmaking oversight in the health care hotbed of California. Since April, Assembly Bill 3129, sponsored by Assemblymember Jim Wood, has passed out of the California State Assembly and has succeeded in two committee votes in the California State Senate. The bill, if enacted, would require […]
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