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 […]

Behavioral Health Deal Values Up 900% Quarter-Over-Quarter

Behavioral health care deal values spiked 900% in the second quarter of 2020 compared to Q1, with one huge private equity deal — and the coronavirus — leading the charge. The sector could continue to see a trend of higher valuations going forward.  That’s according to a recent report by PricewaterhouseCoopers’ (PwC) Health Research Institute. […]

M&A Advisor Remains ‘Very Optimistic’ About Behavioral Deal Landscape Despite COVID-19

While the coronavirus and its economic fallout will likely slow merger and acquisition activity across all industries, behavioral health remains in a relatively good place, Kevin Taggart, managing partner at M&A advisory firm Mertz Taggart, told Behavioral Health Business. “Longer term, as the economy begins to recover, and the banks regain some of their footing, […]

Citing Coronavirus, Acadia Suspends Sale of UK Business

In light of COVID-19, Acadia Healthcare (Nasdaq: ACHC) has temporarily suspended the sale of its U.K. business. Executives previously hinted proceeds from the sale would be used to help grow the U.S. arm of the business. While interest from potential buyers remains strong, the Franklin, Tennessee-based behavioral health provider will pause the sales process until […]

Transactions: Merger Forms ‘Top-Five’ Autism Provider; Discovery Behavioral Health’s Latest Acquisition

Autism treatment companies merge to form one of nation’s largest ABA providers PE-backed BlueSprig Pediatrics, a Houston-based provider of applied behavior analysis (ABA), has announced its purchase of Florida Autism Center and its Georgia brand Fusion Autism Center, creating a “top-five national provider” of autism services, according to a press release announcing the news. Terms […]

Transactions: Ginger Acquires LiveBetter’s Tech; Landmark Recovery Buys New Building

Ginger acquires technology assets of LiveBetter San Francisco-based health and wellness startup Ginger has acquired the technology assets of LiveBetter, a free app that helps users address select mental health challenges. Financial terms of the deal were not disclosed. San Francisco-based Ginger is a virtual behavioral health care system that delivers coaching, therapy and psychiatry […]

Anthem Completes Acquisition of Beacon Health Options

Anthem (NYSE: ANTM) has completed its acquisition of Beacon Health Options. Financial terms of the transaction were not disclosed. Prior to the deal, Boston-based Beacon billed itself as the largest independently held behavioral health organization in the country, serving more than 36 million people nationwide. Meanwhile, Indianapolis-based Anthem — which first announced it would buy […]

Sabra Health Care REIT Bullish About Its Slow-Growing Behavioral Business

Sabra Health Care REIT (Nasdaq: SBRA) is doubling down on its interest in behavioral health, especially addiction treatment, but don’t expect to see a whirlwind of deals just yet.  “Our current acquisition pipeline is just under $1 billion,” CEO Rick Matros said Monday during the company’s fourth-quarter and year-end earnings call. “It’s still primarily senior […]

Cimarron Healthcare Capital Completes Acquisition of Ascent Behavioral Health

Private equity firm Cimarron Healthcare Capital has completed its acquisition of Ascent Behavioral Health. The deal comes in partnership with the Ascent’s management team, private credit asset management firm Monroe Capital and PE firm Veronis Suhler Stevenson. Financial terms of the transaction were not disclosed. Salt Lake City, Utah-based Ascent operates six residential behavioral health […]