Transactions: KKR’s $1.2B Behavioral Deal; IBH buys Uprise

KKR to acquire Therapy Brands The global private equity giant KKR has agreed to acquire a majority interest in Therapy Brands, a practice management and EHR software platform for behavioral health and physical rehabilitation providers. The investment firm announced the news Wednesday. While terms of the transaction were not disclosed, Bloomberg reported that KKR is […]

Transactions: Sabra Expands Behavioral Portfolio; Autism Acquisitions with National Scale

Acorn Health acquires Sandcastle Centers Acorn Health — a national provider of applied behavior analysis (ABA) therapy — has acquired the assets of Sandcastle Centers, formerly known as JKP Analyst, which also provides ABA services. Financial terms of the deal were not disclosed. Founded in 2018, Acorn is a portfolio company of the private equity […]

PE-Backed Behavioral Software Company Appriss Health Acquires PatientPing for a Reported $500M

Appriss Health, a care coordination software company focused on behavioral health, has acquired PatientPing, which also provides care coordination software but focuses on seniors and patients with complex needs. Appris Health announced the news Tuesday. While the companies did not formally disclose the terms of the transaction, PE Hub reported that PatientPing went for $500 […]

Transactions: BayMark Buys Into New Market; More SUD, Eating Disorder Treatment Deals

BayMark Health Services acquires MAT provider Medication-assisted treatment (MAT) provider BayMark Health Services has announced that it has purchased Washington, D.C.-based Partners in Drug Abuse Rehabilitation Counseling (PIDARC). Terms of the transaction were not disclosed. PIDARC provides medication assisted treatment services (MAT) like methadone to patients with opioid use disorder (OUD). It also offers substance […]

Serial Behavioral Entrepreneur Plots Course for Measured Growth of US HealthVest

Richard Kresch is somewhat of a serial entrepreneur in the behavioral health space. Over the past 20 years, the psychiatrist has built and sold two different companies, Heartland Health Developments and Ascend Health Corporation, which are now part of Acadia Healthcare (Nasdaq: ACHC) and Universal Health Services (NYSE: UHS), respectively. His latest project is US […]

24% of Health Care CFOs Plan to Divest Their Behavioral Health Operations

Amid the pandemic, the health care industry at large seems to finally recognize the importance of behavioral health care. But not everyone is sold on providing those services.  In fact, nearly a quarter of health care CFOs say their organizations plan to get out of the behavioral health game, according to a recent report from […]

Transactions: BayMark Company Buys OTP Provider; Community Psychiatry’s Latest Acquisition

Community Psychiatry purchases Harbor Psychologist Community Psychiatry — an growing outpatient behavioral health provider — has announced acquisition of Harbor Psychologist, Inc — which provides a range of psychiatric and psychological services to children and adults. Terms of the deal were not disclosed. Headquartered in Sacramento, Community Psychiatry provides a variety of virtual and in-person […]

Amid Brookdale Home Health Deal, HCA Healthcare Shows Interest in Behavioral Opportunities

HCA Healthcare (NYSE: HCA) — a publicly traded health system with national scale — could be in the market for behavioral health assets.  Headquartered in Nashville, HCA operates more than 2,000 care sites across 21 states and the United Kingdom. Those locations include surgery centers, freestanding ERs, urgent care centers, diagnostic and imaging centers, walk-in […]