Group Therapy Startup Real Raises $10M

Real, a digital group therapy startup, has raised $10 million in Series A funding. Lightspeed Venture Partners led the round, along with other existing and new investors, some of which include soccer star Megan Rapinoe and Minnesota Vikings linebacker Erik Kendricks. Actress Gwyneth Paltrow has also previously invested in the company. Founded in 2019, Real […]

Pipeline: New Projects for Acadia, UHS; SUD Providers Expand Reach

Acadia forms JV with Geisinger Acadia Healthcare (Nasdaq: ACHC) has formed a joint venture (JV) with Danville, Pennsylvania-based Geisinger Health System to build two new inpatient behavioral health facilities. The companies are putting a combined total of about $80 million toward the projects. The first of the two facilities will open next year in Moosic, […]

Acadia Announces Joint Venture to Build New Behavioral Hospital

Acadia Healthcare (Nasdaq: ACHC) and Lutheran Health Network of Indiana have announced a joint venture partnership to build a behavioral health hospital in Fort Wayne. The 120-bed facility, which is scheduled to open next spring, will provide inpatient and outpatient care to adults, seniors and adolescents for acute mental health conditions like anxiety, depression, bipolar […]

Pipeline: Pinnacle Adds Three Locations; Caravel Autism Deepens Midwestern Footprint

Pinnacle Treatment Centers adds three Ohio locations Pinnacle Treatment Centers has added three new addiction treatment centers in Ohio. The new facilities will specialize in medication-assisted treatment (MAT) using methadone and accept Medicaid. The locations in Athens, Hamilton and Solon bring Pinnacle’s total number of outpatient opioid addiction treatment centers in the Buckeye State up […]

Transactions: BayMark Buys Into New Market; More SUD, Eating Disorder Treatment Deals

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 […]

Pipeline: Hazelden Betty Ford Expands Telehealth Footprint; New Rogers Facility, Autism Centers

Hazelden Betty Ford grows virtual care footprint The Hazelden Betty Ford Foundation, the nation’s largest nonprofit addiction treatment provider, has announced it is bringing its telehealth services to Missouri residents who have commercial insurance, no matter where they live in the state. The services are part of Hazelden Betty Ford’s RecoveryGo tool, which provides telehealth […]

Serial Behavioral Entrepreneur Plots Course for Measured Growth of US HealthVest

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 […]

Pipeline: Promises, Spero Open New Facilities; ABA Expansions in Multiple States

Promises Behavioral Health opens new facility in Texas Promises Behavioral Health has opened its latest facility, an addiction and mental health treatment center in Texas. Located in College Station, Promises Brazos Valley spans over 50,000 square feet and provides addiction and mental health treatment services to adults and college students. College Station is home to […]

Pipeline: UHS Opens Two New Facilities; SUD, ABA Expansions

UHS co-opens two behavioral hospitals Universal Health Services (NYSE: UHS) has opened two new behavioral health hospitals as a result of recent partnerships. One of those is a new specialty facility in Clive, Iowa. Clive Behavioral Hospital is a partnership between UHS and Iowa-based health care provider MercyOne. The hospital spans 83,000 square feet and […]