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 […]

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. […]

Acadia Enters Definitive Agreement to Sell UK Business in $1.47B Deal

Acadia Healthcare (Nasdaq: ACHC) has entered into a definitive agreement to sell its United Kingdom business, the company announced Dec. 30. Waterland Private Equity has agreed to purchase the assets for about 1,078 million pounds, or $1.47 billion. The deal will generate approximately $1.35 billion in proceeds for the behavioral health behemoth, according to a […]

Transactions: BayMark’s Latest Acquisition; Pharos Capital’s Platform Grows Autism Footprint

BayMark acquires Limestone Health BayMark Health Services, one of the nation’s largest medication-assisted treatment (MAT) companies, has acquired Limestone Health, an Indiana-based opioid treatment provider (OTP). Financial terms of the deal were not disclosed. Headquartered in Lewisville, Texas, BayMark is a private equity-backed provider of MAT services for opioid use disorder (OUD). Owned by Webster […]

Amwell CEO Hints at Acquisition of Behavioral Health Startup

Amwell (NYSE: AMWL), one of the nation’s largest telehealth companies, could be in the market to acquire a behavioral health startup, according to Business Insider.  Based in Boston, Amwell connects patients with doctors via secure video connection. The company, formerly known as American Well, has thrived amid the pandemic, which has made virtual visits a […]

M&A Stakeholders Say These Factors Are Non-Starters for Buyers Eying SUD Providers

M&A experts predict 2021 will be filled with behavioral health deals, as investors and strategic buyers have fewer viable targets to chase in other industries.  But not every provider is created equal, especially in the substance use disorder (SUD) space. To be an attractive acquisition target, providers must prioritize clinical care, utilize robust internal compliance […]

Talkspace Sees Increased Interest from Potential Buyers Amid Sale Rumors

Talkspace, a digital therapy startup with a bevy of celebrity supporters, could soon be changing hands.  Bloomberg first reported the news Tuesday, citing “people with knowledge of the matter.” Those sources told the publication that the text-based therapy platform is working with advisers on a potential sale. Headquartered in New York City, Talkspace is a […]

Transactions: Behavioral Health Group’s Latest Acquisition; New Behavioral Tech Deal

Behavioral Health Group acquires Wellness Ambulatory Care  Behavioral Health Group (BHG), a national opioid use disorder (OUD) treatment provider, has acquired Wellness Ambulatory Care, an office-based opioid treatment provider (OTP). Financial terms of the deal were not disclosed. Based in Dallas, BHG bills itself as the largest network of Joint Commission-accredited outpatient opioid treatment and […]

Hazelden Betty Ford Pursues Creative Growth Avenues, ‘Entrepreneurial Philanthropy’

As the Hazelden Betty Ford Foundation continues on its quest to expand access to substance use disorder (SUD) treatment, the nonprofit is leaning into relatively new growth strategies and fundraising tactics. Specifically, it’s looking to pursue strategic deals and partnerships, while also taking a page out of private equity’s book by applying the PE model […]