Large platform companies dominated the digital mental health landscape in 2024. These top-of-the-food-chain predators work with large customers, have impressive technology capabilities and garner serious investor dollars. These Goliaths leave small digital mental health providers, the relative “Davids” of the industry, looking for their place in the field. That’s according to Rock Health’s 2024 year-end […]
Two private equity firms and an online college have invested in Conway, Arkansas-based Pediatrics Plus. The PE firms – Leavitt Equity Partners and Fulcrum Equity Partners – and Western Governors University have invested in and partnered with Pediatrics Plus. However, the company’s founders, Todd and Amy Denton, will remain its largest shareholders and serve on […]
Amwell (NYSE: AMWL) has sold its virtual psychiatric business to clinician-to-clinician telehealth provider Avel eCare for $21 million. The deal allows Amwell and Avel to focus on their core operations, Avel’s CEO Doug Duskin told Behavioral Health Business. “[Amwell is] focusing on technology as their primary service,” Duskin said. “We’re more of a technology-enabled service […]
From sluggish to stagnant, 2024’s behavioral health narrative has been a study in inertia. But I think the next chapter may have some more action, as private equity investors face immense pressure from limited partners to start the buying and selling process. But it isn’t just traditional PE investors excited to return to mental health […]
Wellpath’s Recovery Services division is well on its way to independence from the rest of the prison-based and outsourced behavioral health care service provider’s operations. However, these behavioral health assets aren’t going far as they change hands. Wellpath’s lender group will acquire the assets as part of a $395 million credit bid plus $14.25 million […]
The new year is upon us. After a year of uncertainty in the substance use disorder (SUD) treatment industry, interested parties are looking for hints of what’s to come in 2025. Yet more pinnacles and valleys may be in store. Looking ahead to 2025, new treatment techniques and regulations spell good fortune for patients and […]
Digital health platform and investor darling Transcarent has acquired Accolade (Nasdaq: ACCD), a personalized health and benefits company that offers virtual-first integrated care, including behavioral health services. Transcarent announced on Wednesday that it would acquire Accolade for $7.03 per share in cash, a total equity value of approximately $621 million. The artificial intelligence (AI)-forward companies […]
Maturing behavioral health startups often look at three paths for scaling: de novo growth, M&A, or new partnerships. Each pathway to growth has its pros and cons. For example, acquisitions may bring new capabilities, clinicians, and a client base to the table. However, merging new companies means integrating new systems and work cultures. “[M&A] is […]
Behavioral health provider Oceans Healthcare has acquired Haven Behavioral Healthcare, adding seven new locations to its roster. Plano, Texas-backed Oceans announced on Thursday that it acquired all outstanding shares of Haven Behavioral Healthcare, bringing the provider into five new states: Arizona, Idaho, Ohio, New Mexico and Pennsylvania. “Oceans has consistently sought opportunities that would expand […]
The eating disorder treatment sector has transformed dramatically in the past few years, with 2025 poised to bring further disruption through virtual care expansion, market consolidation and evolving patient needs. This evolution is occurring on the heels of a string of notable eating disorder treatment facility closures in 2023 and 2024. Despite the shuttering of […]
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