Acadia Prepares to Relaunch Sale of UK Business

Acadia Healthcare (Nasdaq: ACHC) is preparing to relaunch the sale of its United Kingdom business, the company announced Tuesday.  Franklin, Tennessee-based Acadia is a behavioral health provider that operates nearly 600 facilities across the US, the UK and Puerto Rico. The company first announced it would sell its UK business, which includes about 360 facilities, […]

Gersh Autism Enters Acquisition Mode to Save Struggling Autism Schools

The Crotched Mountain Foundation announced the news back in June: After 67 years, it would be closing its school for children and young adults with autism and other disabilities. Crotched Mountain CEO Ned Olney attributed the “excruciating decision” to the financial pressures of COVID-19, which caused enrollment at the Crotched Mountain School to drop off […]

Transactions: Cultivate Behavioral Health’s ABA Acquisition; Drug Monitoring Deal

Cultivate Behavioral Health and Education acquires Progressive Behavioral Science Cultivate Behavioral Health and Education, a portfolio company of the private equity firm Imperial Capital, has acquired Progressive Behavioral Science, according to a press release from Livingstone, who advised Progressive on the transaction. Financial terms were not released. Both Cultivate and Progressive provide applied behavioral analysis […]

Amid Growth, Pinnacle CEO Pushes for Methadone MAT Flexibilities

The last five months have been hard for behavioral health providers to weather, with many being forced to cut back services as a result of COVID-19-related financial strain. Some are even facing the risk of closure. Then there’s Pinnacle Treatment Centers, which has actually been expanding. Pinnacle is one of the largest substance use disorder […]

Behavioral Tech Companies Qualifacts, Credible Behavioral Health to Merge

The behavioral health technology providers Qualifacts and Credible Behavioral Health will merge, the companies’ private equity backers announced Tuesday. Nashville-based Qualifacts is an electronic health record provider for behavioral health and human service organizations. It was acquired by Warburg Pincus, a global private equity firm focused on growth investing, last year. Meanwhile, Rockville, Maryland-based Credible […]

Acorn Health Acquires ABA Assets of Concord Foundations Network

Acorn Health — a national provider of applied behavior analysis (ABA) therapy — has acquired the ABA therapy assets of Concord Foundations Network.  Financial terms of the deal were not disclosed. Founded in 2018, Coral Gables, Florida-based Acorn is a portfolio company of the private equity (PE) firm MBF Healthcare Partners. It provides center-based and […]

Pinnacle Treatment Centers Acquires HealthQwest

Mt. Laurel, New Jersey-based substance use disorder (SUD) treatment provider Pinnacle Treatment Centers has acquired HealthQwest, a medication-assisted treatment (MAT) provider serving the state of Georgia. The deal is Pinnacle’s first in the state. Financial terms of the transaction were not announced.   Pinnacle offers comprehensive addiction treatment service to nearly 31,000 patients per day across California, […]

Integrated Behavioral Health Acquires Claremont EAP

Integrated Behavioral Health (IBH), a provider of employee assistance programs (EAP) and behavioral health services, has acquired Claremont EAP.  Financial terms of the deal were not disclosed. Irvine, California-based IBH provides managed behavioral health care and integrated employee assistance programs to employers, health plans and other organizations. Meanwhile, Alameda, California-based Claremont EAP provides employee assistance […]

Behavioral Health Tech Company Rethink First Scores PE Backing

Rethink First, a behavioral health technology company, has scored a new strategic investment from K1 Investment Management LLC, a private equity (PE) firm that focuses on high-growth software and technology companies. Financial terms of the partnership were not disclosed. New York City-based Rethink First provides cloud-based software solutions, training and clinical tools to help support […]