A new investment fund focused on luxury rehab – a corner of the addiction treatment space that has seen little interest over the past couple years – has launched with $85 million in capital. It has already made its first acquisition as well, landing an upscale Hawaii rehab center for an undisclosed sum. Dubbed “Behavioral […]
Category: M&A
The majority of behavioral health insiders believe that mental heath is the most attractive investment target for the space in 2023. That’s according to a new survey from Behavioral Health Business, which included 150 responses from professionals who work in the behavioral health industry. Sixty-three percent of respondents said mental health was the most attractive […]
Prosperity Behavioral Health, a startup that makes financial products for the behavioral health industry, has acquired revenue cycle management company Elevated Billing. The new acquisition fits Prosperity’s growth strategy by creating new market opportunities for the company and expanding its offerings. Terms of the transaction were not disclosed. “Ultimately, we want to be consultative and […]
When it comes to behavioral health dealmaking, buyers and sellers can sometimes be ships passing in the night. There’s plenty of interest in getting a deal done early on, but it quickly fizzles out, with both parties going their separate ways. Especially in 2022, buyers and sellers were frequently not on the same page in […]
CVS Health (NYSE: CVS) announced Wednesday it’s buying senior-focused, multi-payer value-based primary care company Oak Street Health (NYSE: OSH) for $10.6 billion. The acquisition gives CVS – parent company of Aetna – a stronger foothold in primary care while furthering its all-around value-based care strategy. Moving forward, the Woonsocket, Rhode Island-based CVS will be tasked […]
Health system LifePoint Health is furthering its foothold in the behavioral health arena after completing the acquisition of Springstone’s operating company, U.S. Behavioral Partners. The acquisition, which was first announced in August, will add 18 behavioral health hospitals and 35 outpatient locations across nine states to Lifepoint’s network. It also signals that LifePoint is doubling […]
Private equity group Eads Bridge Holdings has found its first partner company – a fast-growing business in the behavioral health space. Earlier this week, Eads Bridge announced an investment in Stokes Counseling, which provides a range of therapy services to over 3,500 patients. The Naugatuck, Connecticut-based company’s specialties include individual and family therapy, stress management, […]
Health care-focused private equity firm Patient Square Capital has closed its inaugural fund with $3.9 billion in capital. The firm boasts that this is the largest fund ever raised by a health care-focused PE firm. KKR vet Jim Momtazee is serving as the firm’s managing partner. Patient Square Capital began investing in June 2021 and […]
Private equity-backed Apara Autism Centers has acquired fellow applied behavioral analysis (ABA) therapy companies Autism Learning Collaborative (ALC) and Early Autism Services’ Missouri operations. This deal will bring Dallas-based Apara into four new state markets. “The alignment of these companies driven by a common vision of clinical excellence and focus on family support will increase […]
The Brentwood, Tennessee-based health care system Lifepoint Health has acquired Cornerstone Behavioral Health El Dorado. The terms of the deal to acquire the Tucson, Arizona-based facility were not disclosed. Lifepoint Health has yet to respond to additional questions. Cornerstone Behavioral Health El Dorado encompasses 54 beds and employs about 100 people. Lifepoint Health will add […]
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