Amid Growth, Pinnacle CEO Pushes for Methadone MAT Flexibilities

The last five months have been hard for behavioral health providers to weather, with many being forced to cut back services as a result of COVID-19-related financial strain. Some are even facing the risk of closure. Then there’s Pinnacle Treatment Centers, which has actually been expanding. Pinnacle is one of the largest substance use disorder […]

Behavioral Tech Companies Qualifacts, Credible Behavioral Health to Merge

The behavioral health technology providers Qualifacts and Credible Behavioral Health will merge, the companies’ private equity backers announced Tuesday. Nashville-based Qualifacts is an electronic health record provider for behavioral health and human service organizations. It was acquired by Warburg Pincus, a global private equity firm focused on growth investing, last year. Meanwhile, Rockville, Maryland-based Credible […]

Acorn Health Acquires ABA Assets of Concord Foundations Network

Acorn Health — a national provider of applied behavior analysis (ABA) therapy — has acquired the ABA therapy assets of Concord Foundations Network.  Financial terms of the deal were not disclosed. Founded in 2018, Coral Gables, Florida-based Acorn is a portfolio company of the private equity (PE) firm MBF Healthcare Partners. It provides center-based and […]

Pinnacle Treatment Centers Acquires HealthQwest

Mt. Laurel, New Jersey-based substance use disorder (SUD) treatment provider Pinnacle Treatment Centers has acquired HealthQwest, a medication-assisted treatment (MAT) provider serving the state of Georgia. The deal is Pinnacle’s first in the state. Financial terms of the transaction were not announced.   Pinnacle offers comprehensive addiction treatment service to nearly 31,000 patients per day across California, […]

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 […]