Brentwood, Tennessee-based Odyssey Behavioral Healthcare traded quietly late last year to a new private equity backer, Behavioral Health Business has learned. In November, New York City-based JLL Partners acquired Odyssey Behavioral Healthcare from the international investment firm The Carlyle Group. The latter firm acquired Odyssey in December 2018. BHB previously identified Odyssey as one to […]
Quartet Health’s time as a standalone venture is over. The New York City-based, value-based care-focused technology and services provider has been acquired by NeuroFlow, another behavioral health-focused technology company. This deal was announced just days after the divestiture of now-former tele-psychiatry provider innoTel. That company was acquired by Iris Telehealth. “When our leadership team began […]
Substance use disorder (SUD) treatment provider Meridian Behavioral Health has acquired Gateway Recovery Center, adding a crucial element to its continuum of care. Gateway provides medical detoxification, a service for which Meridian previously had to refer patients elsewhere. The acquisition is also part of Meridian’s strategic growth plan, which CEO Lewis Zeidner estimates will involve […]
Behavioral health continues to get significant attention from private equity investors, according to a new survey report. Over 90% of executives recently surveyed by Berkeley Research Group (BRG) said behavioral health is either a continuing focus or a “growing/likely” focus for the private equity sector where health care is considered in 2025. Behavioral health also […]
Private equity firm Optimal Investment Group has invested in substance use disorder (SUD) treatment provider Recovery Dynamics. Recovery Dynamics plans to use the strategic investment to grow its service lines and embark on an “ambitious expansion plan.” “Our investment reflects our confidence in the company’s vision and operational expertise, and we are committed to providing […]
Private equity-backed behavioral health provider PAX Health has acquired Harris Psychiatry Services, a psychiatric care provider specializing in workers’ compensation. Financial terms of the deal were not disclosed. PAX Health was formed in March 2024 by merging three behavioral health companies: Behavioral Medicine Associates (BMA), Workers Compensation Psychological Network (WCPN) and Reservoir Health. The company […]
Health insurance plans may have the worst reputation in health care. Number two might be private equity. Private equity is often criticized for cost-cutting and layoffs, and those critiques are unlikely to change any time soon, according to Steven Gold, executive partner at Lindsay Goldberg and F3 Partners and former CEO of Refresh Mental Health. […]
Health care provider BrightSpring (Nasdaq: BTSG) is divesting its behavioral health business, which includes care for people with intellectual and developmental disabilities (IDD). Sevita, another home and community-based care provider, paid $835 million to acquire the service arm. Louisville, Kentucky-based BrightSpring announced the deal on Monday, saying that selling its behavioral service arm, ResCare Community […]
Iris Telehealth has acquired innovaTel, a now-former division of Quartet Health, in what could be the first of other acquisitions by the company. Announced Tuesday, the deal marks a notable consolidation in the health care enterprise-focused digital behavioral health space. It gives Iris Telehealth additional scale via several overlapping markets it shared with innovaTel. Before […]
Large platform companies dominated the digital mental health landscape in 2024. These top-of-the-food-chain predators work with large customers, have impressive technology capabilities and garner serious investor dollars. These Goliaths leave small digital mental health providers, the relative “Davids” of the industry, looking for their place in the field. That’s according to Rock Health’s 2024 year-end […]
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