Discovery Behavioral Health acquires Prosperity Wellness Center Discovery Behavioral Health — PE-backed network of behavioral health centers — has acquired Prosperity Wellness Center — a 40-bed residential SUD treatment facility in Tacoma, Washington. Financial terms of the transaction were not announced. Headquartered in Orange County, California, Discovery is a portfolio company of Webster Equity Partners. […]
Category: M&A
Centene Corporation (NYSE: CNC) — a managed care organization (MCO) — has entered into a definitive agreement to buy Magellan Health (Nasdaq: MGLN) — an MCO and provider of behavioral health services. The goal of the $2.2 billion deal is to bolster Centene’s behavioral health offerings. The transaction, which is expected to close in the […]
Acadia Healthcare (Nasdaq: ACHC) has entered into a definitive agreement to sell its United Kingdom business, the company announced Dec. 30. Waterland Private Equity has agreed to purchase the assets for about 1,078 million pounds, or $1.47 billion. The deal will generate approximately $1.35 billion in proceeds for the behavioral health behemoth, according to a […]
BayMark acquires Limestone Health BayMark Health Services, one of the nation’s largest medication-assisted treatment (MAT) companies, has acquired Limestone Health, an Indiana-based opioid treatment provider (OTP). Financial terms of the deal were not disclosed. Headquartered in Lewisville, Texas, BayMark is a private equity-backed provider of MAT services for opioid use disorder (OUD). Owned by Webster […]
Amwell (NYSE: AMWL), one of the nation’s largest telehealth companies, could be in the market to acquire a behavioral health startup, according to Business Insider. Based in Boston, Amwell connects patients with doctors via secure video connection. The company, formerly known as American Well, has thrived amid the pandemic, which has made virtual visits a […]
M&A experts predict 2021 will be filled with behavioral health deals, as investors and strategic buyers have fewer viable targets to chase in other industries. But not every provider is created equal, especially in the substance use disorder (SUD) space. To be an attractive acquisition target, providers must prioritize clinical care, utilize robust internal compliance […]
Talkspace, a digital therapy startup with a bevy of celebrity supporters, could soon be changing hands. Bloomberg first reported the news Tuesday, citing “people with knowledge of the matter.” Those sources told the publication that the text-based therapy platform is working with advisers on a potential sale. Headquartered in New York City, Talkspace is a […]
Behavioral Health Group acquires Wellness Ambulatory Care Behavioral Health Group (BHG), a national opioid use disorder (OUD) treatment provider, has acquired Wellness Ambulatory Care, an office-based opioid treatment provider (OTP). Financial terms of the deal were not disclosed. Based in Dallas, BHG bills itself as the largest network of Joint Commission-accredited outpatient opioid treatment and […]
As the Hazelden Betty Ford Foundation continues on its quest to expand access to substance use disorder (SUD) treatment, the nonprofit is leaning into relatively new growth strategies and fundraising tactics. Specifically, it’s looking to pursue strategic deals and partnerships, while also taking a page out of private equity’s book by applying the PE model […]
Blue Sprig Pediatrics acquires assets of Momentum Autism Therapy Services Blue Sprig Pediatrics, a private equity-backed provider of applied behavioral analysis (ABA), has acquired the assets of Momentum Autism Therapy Services. Financial terms of the deal were not disclosed. Headquartered in Houston and established in 2017, Blue Sprig is a portfolio company of global investment […]
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