Pipeline: PE-Backed Community Medical Services Adds Several Locations; MindPath Expands

Community Medical Services opens locations in Arizona, Wisconsin Scottsdale, Arizona-based Community Medical Services, which operates medication-assisted treatment (MAT) clinics in several states, has opened two new opioid treatment programs (OTPs), one in Phoenix, Arizona, and one in South Milwaukee, Wisconsin. The South Milwaukee location opened in October, and the Phoenix facility opened earlier this month. […]

Talkspace Bullish on Growth Via M&A, Global Expansion

Transactions and international expansion could be in the future for Talkspace. The subscription-based therapy provider previewed multiple potential growth levers for the company recently during an investor presentation. Based in New York City, Talkspace remotely connects users to licensed therapists via text and video. The company provides services directly to consumers, as well as to […]

Talkspace to Go Public in $1.4B SPAC Deal

Talkspace is going public through a merger with the special purpose acquisition company (SPAC) Hudson Executive Investment Corporation (HEIC). The subscription-based therapy provider announced the $1.4 billion deal Wednesday. Headquartered in New York City, Talkspace aims to help more people access behavioral health care by remotely connecting users to licensed therapists through text and video […]

NeuroFlow Snags $20M in Series B Funding Round Led by Magellan Health

NeuroFlow — a digital health company designed to improve collaborative care — has raised $20 million in Series B financing. Magellan Health (Nasdaq: MGLN) — a managed care organization (MCO) and provider of behavioral health services — led the funding round.  The technology platform provider plans to use the new funding to scale its operations […]

Hopebridge to Hire 2.7K Employees, Open 20 New Locations in 2021

Hopebridge Autism Therapy Centers has announced plans to add more than 2,700 new employees and open up to 20 new locations in 2021. Headquartered in Indianapolis and backed by the private equity firm Arsenal Capital Partners, Hopebridge is one of the nation’s largest autism treatment organizations. It provides center-based applied behavior analysis (ABA), diagnostics, occupational […]

SUD Startup Monument Raises $10.3M

Monument — an online treatment platform for alcohol use disorder (AUD) — has closed on $10.3 million in Series A funding. It brings the startup’s total funding raised up to $17.8 million. Based in New York, Monument connects users to a free anonymous community, therapist-moderated groups and other resources to help them change their relationship […]

Transactions: Discovery Behavioral Health Expands Family of Brands; Three Providers Buy into New States

Discovery Behavioral Health acquires Prosperity Wellness Center   Discovery Behavioral Health — PE-backed network of behavioral health centers — has acquired Prosperity Wellness Center — a 40-bed residential SUD treatment facility in Tacoma, Washington. Financial terms of the transaction were not announced. Headquartered in Orange County, California, Discovery is a portfolio company of Webster Equity Partners. […]

Pipeline: Pinnacle’s New OTP; Action Behavior Centers Expands

Pinnacle Treatment Centers expands in Ohio Pinnacle Treatment Centers has opened a new opioid treatment program (OTP) in Sandusky, Ohio. The addition marks the provider’s 15th location in the state. Headquartered in New Jersey, Pinnacle provides the full range of medication-assisted treatment (MAT) services. It has more than 115 locations across eight states and specializes […]