The Centerstone and Brightli merger marked one of the largest behavioral health transactions of 2025. With an anticipated $1 billion in combined annual revenue and a joint workforce of nearly 10,300 across 360 locations, it also makes the new entity possibly the largest nonprofit in the sector. Dr. C.J. Davis, CEO-elect of the unified organization, […]
CareSource, a Dayton, Ohio-based payer and nonprofit managed care organization, has invested an undisclosed amount in Radley Health, a peer support provider for patients with serious mental illnesses (SMIs). CareSource executives say the move will expand both the workforce and economic development in the state. “This investment comes at a time when there is a […]
Editor’s Note: This story has been updated from its original version to include new information relevant to the contents. On Aug. 21, BrainsWay announced a separate investment in Neurolief Ltd. and we have added that information below. BrainsWay Ltd. (Nasdaq: BWAY), a health technology company that develops deep transcranial magnetic stimulation (TMS) devices for mental […]
Once again, dozens of behavioral health companies are being recognized as some of the fastest-growing organizations in the U.S. Outpatient mental health providers specifically made up the bulk of the behavioral health companies noted by the recently released Inc. 5000 list, which documents the fastest-growing companies in the nation based on revenue growth. Several notable […]
Family Care Center opens its 9th new clinic in 2025 so far Lone Tree, Colorado-based Family Care Center continues its expansion streak in 2025 with the opening of the company’s ninth center in Memphis, Tennessee. The outpatient mental health provider has announced nine center openings in 2025 so far. The new Memphis location, at 8295 […]
Eyeing a possible IPO in 2028, Sword Health is centering its newly launched behavioral health service as a key growth lever. The company may soon explore partnerships and acquisitions to create an offering that targets serious mental illnesses (SMI). Nearly 1 in 20 adults across the U.S. – 5.5% of the population – are diagnosed […]
The dramatic demise of Retreat Behavioral Health nears its end as its South Florida facility is sold as part of a global settlement among the addiction treatment provider’s remaining partners and creditors. On Monday, the South Florida Business Journal reported that the now-shuttered facility at 4020 Lake Worth Road in Palm Springs, Florida, was sold […]
On March 11, two addiction treatment projects came before the Alabama Statewide Health Coordinating Council. One was approved, the other denied. Apart from their interest in expanding access to residential treatment facilities, each had something else in common. Both faced pushback on their proposed projects based on state-defined limits on how many treatment beds are […]
Bradford Health Services Announces New $25M, 100-Bed Facility A Bradford Health Services-owned behavioral health and substance use disorder (SUD) treatment provider has broken ground on a new facility in Southaven, Mississippi. Woodland Recovery Center, also based in Southaven, announced its plans for a $25 million new facility at the end of January. Bradford Health Services […]
Large platform companies dominated the digital mental health landscape in 2024. These top-of-the-food-chain predators work with large customers, have impressive technology capabilities and garner serious investor dollars. These Goliaths leave small digital mental health providers, the relative “Davids” of the industry, looking for their place in the field. That’s according to Rock Health’s 2024 year-end […]
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