Limbic Scores $14M to Expand to US Market; Peregrine Health Raises $3.4M

Limbic secures $14 million in funding London–based Limbic, a mental health AI company, raised $14 million in a funding round led by Khosla Ventures and joined Gaingels and Illusian. England’s National Health Service (NHS) has used Limbic’s web-based chatbot to intake more than 250,000 patients. Limbic will use the newly raised funds to expand to […]

Is an IPO Worth It? What Good Exits in Behavioral Health Will Look Like in 2024.

Behavioral health dealmaking will likely pick up in 2024 but initial public offerings (IPOs) may be noticeably absent. The private market — especially private equity investors and their platforms — has more than enough capital and motivation to do deals, making this year a compelling time for exits and trades. Still, experts tell Behavioral Health […]

Acadia Begins Construction on Florida JV; Ideal Option Opens New MAT Clinic

Ideal Option opens new MAT clinic  Outpatient addiction treatment provider Ideal Option opened a new clinic in Great Falls, Montanna. The new clinic will provide buprenorphine-based medication-assisted-treatment (MAT) to individuals with substance use disorder (SUD). The American Rescue Plan Act partly funded the new clinic. “The grant funding from the American Rescue Plan Act allows […]

Behavioral Health Providers Could Turn to Foreign Investors for Next Capital Infusion

As the domestic capital market for behavioral health companies tightens, foreign investment presents a timely new financing opportunity. Specifically, the EB-5 investment visa program, which incentivizes foreign investors to pour capital into American businesses, could be a new avenue for providers.    High-interest rates and high-profile stumbles in the behavioral health space have significantly slowed investment […]

Spring Health Partners With Eleanor Health, Announces Collaboration with Highmark Health

In recent years, employers have seen substance use disorder (SUD) claims increase. New York-based Spring Health is looking to address this issue by partnering with Eleanor Health.  Spring launched its SUD program in 2021 and continued to expand its offerings, partly through partnerships with other SUD providers. The partnership with Eleanor is Spring’s latest effort […]

Acadia CEO Breaks Down Future Expansion Opportunities

Acadia (Nasdaq: ACHC) is the country’s largest pure-play behavioral health provider — and it doesn’t plan to lose that title any time soon.  Its ambitious growth strategy includes adding 300 beds per year, but recently, that number has been closer to 400 additional beds. And there is plenty of room to grow across the country, […]

The Fastest-Growing Behavioral Health Providers’ Secret Sauce

The behavioral health industry has produced some of the nation’s fastest-growing companies despite the macroeconomic headwinds. In mid-August, 36 behavioral health companies appeared on the Inc. 5000 list of the fastest-growing companies in the U.S. These companies, in no small part, developed strategies to overcome industry challenges. On top of that, executives whose companies were […]

The 4 Trends Driving Behavioral Health Facility Design

Architects work closely with behavioral health providers to meet the unique needs of their patient population, whether that’s giving a patient confined to an inpatient setting the ability to access outdoor space or including a daycare at a substance use disorder (SUD) facility. “A lot of trauma-informed design principles come into play,” Stephen Parker, a […]

Here Are 2023’s Fastest-Growing Behavioral Health Companies

Mental health care and autism services providers made up the bulk of an expanded number of behavioral health companies on the latest Inc. 5000 list of America’s fastest-growing companies. Twenty-two of the 36 behavioral health companies identified on the list this year were either telehealth companies or were founded as outpatient mental health practices. The […]

How Acadia Healthcare Uses JVs to Enter Hard-to-Access Markets

Joint ventures are leading behavioral health provider Acadia Healthcare’s (Nasdaq: ACHC) growth strategy. On Tuesday at the BofA Securities 2023 Healthcare Conference, Acadia CEO Christopher Hunter revealed that roughly 50% of his company’s projected 670-bed additions this year are in the acute care setting, with the bulk of those additions driven by joint ventures. JVs […]