In the Pipeline: CARD Opens Latest Center; New Substance Abuse Facilities

Opened CARD opens new facility Woodland Hills, California-based Center for Autism and Related Disorders (CARD), one of the largest national autism treatment providers, has opened a new facility in Gilbert, Arizona, southeast of Phoenix. The organization, which provides applied behavioral analysis (ABA) therapy to individuals of all ages, operates 10 locations in Arizona, including the […]

Cimarron Healthcare Capital Completes Acquisition of Ascent Behavioral Health

Private equity firm Cimarron Healthcare Capital has completed its acquisition of Ascent Behavioral Health. The deal comes in partnership with the Ascent’s management team, private credit asset management firm Monroe Capital and PE firm Veronis Suhler Stevenson. Financial terms of the transaction were not disclosed. Salt Lake City, Utah-based Ascent operates six residential behavioral health […]

Digital Substance Abuse Treatment Startups Captivate Investors, Payers

In America today, the need for more substance use disorder (SUD) interventions is clear. In 2017, more than 70,000 people died from drug overdoses, and the alcohol-related death rate was twice what it was 20 years earlier. Those statistics don’t include nearly 20 million others who did not die but still battled SUD that year. […]

In the Pipeline: Banner Health Opens New Clinic; Providers Prep for Groundbreakings

Opened Banner Health opens new Colorado unit Phoenix-based health care nonprofit Banner Health has opened a new behavioral health unit in Loveland, Colorado, in the northern part of the state. The 17-bed outpatient facility, which serves adults ages 55 and older, is located at McKee Medical Center on the hospital’s second floor. McKee is also […]

Boulder Care Announces $10.5M in Series A Funding

Boulder Care, a digital startup that coordinates treatment services for individuals struggling with opioid use disorder (OUD), has announced $10.5 million in Series A funding. In a blog post last week on Medium, Boulder co-founder and CEO Stephanie Papes announced the funding and that the company has enlisted Greycroft Partners and Tusk Ventures to provide […]

Headspace Raises $93M to Tackle Chronic Conditions, Fuel Expansion

Headspace has raised $93 million in Series C funding, the company announced Wednesday. That breaks down to $53 million in equity from investors and $40 million in debt financing from Pacific Western Bank. In total, the Santa Monica, California-based mindfulness and meditation company has raised $168.2 million in its decade-long lifetime, according to the fundraising […]

Transactions & Financings: Mystery Provider Signs Lease on New Headquarters; Autism Acquisitions

Acorn Health acquires Autism University Autism Services of Michigan (ACM), an Acorn Health company based in Traverse City, is joining forces with another Wolverine State provider, Macomb-based Autism University. Under the deal, Autism University will become a wholly-owned subsidiary of Acorn Health. Financial terms were not disclosed. Acorn Health operates five autism services companies specializing […]

MHCA CEO: Endurance Key For Behavioral Health Providers Sailing into 2020

Behavioral health providers are notoriously mission-driven, sometimes at the expense of being business-minded enough to remain financially viable. Additionally, they’ve been historically siloed. Tallahassee, Florida-based MHCA has been trying to tackle those industry weaknesses and others since its founding back in 1985. Sailing into the choppy behavioral health waters of 2020, that mission remains. Formerly […]

President Trump’s Budget Would Boost CCBHC, Opioid Funding — But Hurt Medicaid 

The Trump administration released its proposed budget for fiscal year 2021 Monday. On the behavioral health front, the budget aims to expand and extend the Certified Community Behavioral Health Clinic (CCBHC) Medicaid demonstration, significantly boosting funding to that program and a variety of others focused on mental health and the opioid epidemic. It also promises […]

In the Pipeline: New Mental Health VA Clinic; Detox Center Gets Green Light

Opened Eleanor Health opens new North Carolina center Waltham, Massachusetts-based Eleanor Health, a provider of addiction treatment services for opioids and other substances, recently opened its fourth North Carolina location in Hickory. The new location will provide services both at its outpatient facility and in patients’ homes. Six more Eleanor locations are planned in North […]