BayMark Health Services Inc. announced Friday the acquisition of Fritz Clinic, a group of six office-based opioid treatment (OBOT) programs based in Central and Northern Alabama. The Lewisville, Texas-based substance use disorder (SUD) treatment provider deepens its presence in Alabama with the deal; its website lists four existing locations in the state. BayMark Health made […]
Headspace Health has acquired Shine Inc. to add greater diversity to the wide-ranging digital mental health company. Santa Monica, California-based Headspace Health on Thursday announced its deal to acquire the mobile mental health company focused on inclusion. About 80% of the Shine team identifies as Black, Indigenous or as a person of color. Additionally, Shine’s […]
Outpatient mental health provider ARC Health announced Tuesday its acquisition of youth and family mental health service provider Sasco River Center LLC. Beachwood, Ohio-based ARC Health’s takeover of the Darien, Connecticut-based Sasco River Center is its second deal announced in the last three weeks, marking rapid early growth of the company. On Aug. 17, ARC […]
SOC Telemed on Thursday announced its acquisition of Forefront Telecare, a company that specializes in behavioral health telemedicine services. Financial terms of the deal were not disclosed. As part of the transaction, the combined enterprise is rebranding to “Access TeleCare.” The Dallas-based SOC Telemed bills itself as the largest national provider of specialty acute care […]
Nashville-based telepsychiatry company MindCare Solutions Group Inc. acquired telehealth and on-site mental health provider Psych360 for an undisclosed sum. The deal, announced Tuesday, gives MindCare Solutions Group telehealth and on-site mental health services in the long-term care facility space. MindCare Solutions Group offers 24/7 telepsychiatry and behavioral health services to hospitals, emergency departments, outpatient clinics […]
LifePoint Health Inc. will acquire a majority stake in Springstone Health Opco’s management group U.S. Behavioral Partners. The deal values the company at $250 million. LifePoint Health, a Brentwood, Tennessee-based diversified health care operator, will pay $200 million to satisfy a debt interest that health care REIT Medical Properties Trust Inc. (NYSE: MPW) holds with […]
Private equity firm Revelstoke Capital Partners has closed on its acquisition of eating disorder operator Monte Nido & Affiliates for an undisclosed sum, following rumors about the deal last month. Founded in 1996, Monte Nido has five brands and 45 facilities in 15 states. The provider’s main demographic is women aged 14 to 28. The […]
Behavioral health deals have seen a sharp decline in Q2, which is in line with nearly every other sector of the market. That’s according to data from Fort Myers, Florida-based M&A consulting firm Mertz Taggart. After a record breaking 2021(158 deals), and then an active first quarter (40 deals), behavioral health deals have finally slowed […]
Charlesbank Capital Partners reportedly won out in an auction for the Austin-based Applied Behavior Analysis (ABA) therapy provider Action Behavior Centers LLC. Axios Pro reports that the Boston-based middle-market private equity firm reached a deal with Action Behavior Centers’ previous owner NexPhase Capital LP three weeks ago. Action Behavior Centers has an $840 million valuation […]
Behavioral health deal pace is slowing after 2021’s record-breaking year. Overall, the behavioral health sector saw 53 deals in the first half of 2022. That’s according to data from KPMG LLP, Epstein Becker & Green and FocalPoint Partners. “It’s more of an entire marketplace phenomenon as opposed to a behavioral health deficiency that’s dragging down […]
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