Innovive Health, a home health provider that caters to individuals with serious mental illness (SMI), has announced its expansion into Colorado after acquiring an operating license from an already established business. This marks the second state for the Medford, Massachusetts-based provider, which cares for about 20,000 patients per week in its home state. Innovive uses […]
Expanding behavioral health companies continue to face headaches from restrictive state certificate of need (CON) laws. The COVID-19 pandemic changed the approach many states take when regulating behavioral health facility development. In part, it amplified voices calling for CON reform as the pandemic revealed and worked the poor mental health of America. Most states — […]
Monte Nido opens new residential facilities in Texas and New York Eating disorder treatment provider Monte Nido & Affiliates announced its plans to open two new centers. The first is a new residential eating disorder center in Conroe, Texas, opening in April. The new center will offer services to adult women with anorexia nervosa, bulimia […]
Caron Treatment Centers expands in Florida Wernersville, Pennsylvania-based nonprofit behavioral health provider Caron Treatment Centers opened its 100,000-square-foot facility at the beginning of February, according to a news release from the organization. The facility, The Keele Medical Center, is located at 4575 Linton Boulevard, Delray Beach, Florida. It offers a medical detox unit, 40 residential […]
GV, previously Google Ventures, has invested $28.1 million in serious mental illness-focused startup firsthand. New York-based firsthand is trying to forge trust with patients with serious mental illness (SMI) while boosting the population’s engagement with the health care system and community resources. According to the CDC, only 64.5% of adults with SMI received mental health […]
Almost a year after New Directions Behavioral Health and Tridiuum announced their merger, the pair have launched a new joint company dubbed Lucet. Lucet works with payers to help their members connect with behavioral health care in less than five days. Its tech-backed product, Navigate & Connect, includes a digital platform and a team of […]
Monte Nido, Discovery Behavioral Health announced eating disorder treatment facilities Miami-based Monte Nido & Affiliates and Irvine, California-based Discovery Behavioral Health announced it is opening new facilities to treat eating disorders. Monte Nido, which specializes in eating disorder treatment and is among the largest in that space, announced in November two new facilities — a […]
2023 is set to be a year of transition for behavioral health, as the COVID-era public health emergency (PHE) comes to an end and economic headwinds impact the global economy. Companies that took advantage of the PHE’s relaxed regulations will finally get some answers to looming questions about their business model as the federal government […]
Behavioral health providers largely opt to lease real estate instead of buying it in order to maximize capital going into operations. That’s where investors often say they can get the most return for their investment, and where providers say they can best address patient needs. This happens to such a degree that the behavioral health […]
GV, previously Google Ventures, has been an active investor in behavioral health over the last decade. The firm is now eying serious mental illness (SMI) and value-based care as its next frontier. In 2021, digital mental health companies raised $5.5 billion in venture dollars – an unprecedented amount. Yet historically, the bulk of digital health […]
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