Very few private equity groups started new platforms in autism services in 2020 — a sign that deal activity in the sector, which has been white hot for years, could be primed for a slowdown. Specifically, platform formation deals in the space dropped to their lowest level since 2016, according to Dexter Braff, president of […]
Driven largely by private equity buyers, the behavioral health deal landscape remains solidly stable one year after the pandemic temporarily halted activity in Q2 2020. The behavioral sector saw 29 transactions announced in the first quarter of 2021, according to a report released by the healthcare M&A firm Mertz Taggart. Private equity accounted for 22 […]
The Carlyle Group (Nasdaq: CG) is reportedly considering a sale of its teen rehab business Newport Academy, according to PE Hub, which cited sources familiar with the process. The upcoming sale is expected to yield a valuation of more than $1 billion dollar, the publication further reported. With locations across the East and West Coasts, […]
Welsh, Carson, Anderson & Stowe is reportedly looking to sell SpringStone, its network of more than 30 behavioral health facilities, according to PE Hub. The news outlet cited “four sources with knowledge on the matter,” reporting that the private equity firm is hoping to get upward of $1 billion for the Louisville, Kentucky-based business it […]
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 […]
Behavioral and physical health have been siloed from one another for decades, but the health care system is finally starting to shift to a more integrated model. Appriss Health — a cloud-based care coordination software company focused on behavioral health — is hoping to accelerate that shift with its latest deal. “We’re so excited about […]
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 Analysts, 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 […]
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 […]
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 […]
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 […]
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