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 […]
Category: M&A
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 […]
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 […]
After a quiet few years on the homefront, Acadia Healthcare (Nasdaq: ACHC) has its sights set on domestic expansion and a 10% EBITDA growth rate. It’s all part of the behavioral health provider’s five-year plan, which leaders touted late last month during Acadia’s Q4 and year-end earnings call. CEO Debbie Osteen recently provided more color […]
Seaside Healthcare may not be one of the most well-known names in the behavioral health space, but the company is hard at work establishing a national presence for itself. Founded in 2009, the Shreveport, Louisiana-based company’s roots go back several years and are intertwined with Hurricane Katrina. That’s when Franklin Roemer, who had been living […]
The Emily Program, Veritas Collaborative join forces Two eating disorder treatment providers are merging. St. Paul, Minnesota-based The Emily Program and Durham, North Carolina-based Veritas Collaborative have announced their intentions to merge operations, with the deal expected to close around the end of March. Terms of the transaction were not disclosed. The two companies have […]
Despite the drastic drop in overall mergers and acquisitions amid COVID-19, deal activity in the behavioral health space remained robust in 2020. Last year, the industry saw 163 deals overall, according to proprietary data collected and analyzed by the M&A advisory firm The Braff Group. That represents a year-over-year drop of just under 6%, with […]
Array Behavioral Health — previously known as InSight + Regroup — has scored a $24 million growth equity investment led by Wells Fargo Strategic Capital, according to a press release announcing the news. InSight + Regroup was formed in Dec. 2019 as the result of a merger between InSight Telepsychiatry and Regroup Telehealth. The deal […]
Acadia to purchase Adventist Health Vallejo’s behavioral services Adventist Health Vallejo — a 61-bed psychiatric facility — has signed a definitive agreement to sell the hospital and its behavioral health services to Acadia Healthcare (NASDAQ: ACHC) — one of the nation’s largest behavioral health providers. Financial terms of the deal were not disclosed. Based in […]
In the past two months alone, Odyssey Behavioral Healthcare has opened two new outpatient centers, acquired an eating disorder treatment provider and created and filled a new executive-level position. That’s only a fraction of the activity the mental health care provider has logged in past year: In 2020, the company also purchased a myriad of […]
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