Pipeline: New Residential Treatment Centers for Teens; SSM Opens Mental Health Urgent Care

Evolve Treatment Centers opens two new locations  Evolve Treatment Centers has opened two new residential treatment centers for teens. Both centers are located in the East Bay, with one in Walnut Creek, California, and the other in Lafayette, California. Los Angeles-based Evolve has 13 locations across the state of California. It specializes in treating teens […]

REIT Relationship Helps Landmark Recovery Fuel Expansion, Navigate Pandemic

Amid the COVID-19 emergency, behavioral health providers are struggling. They’re grappling with increased costs and decreased revenues, while also seeing more demand for their services. As a result, 71% of organizations have had to cancel, reschedule or turn away patients over the past three months, according to a recent survey by the National Council for […]

Spero Health Opens New SUD Clinic

Spero Health — a privately held substance use disorder treatment (SUD) provider with dozens of locations across five states — has opened a new clinic in Martinsville, Virginia.  The facility is the sixth new center Spero Health has announced since the COVID-19 emergency began in mid-March. It’s all part of the provider’s plan to offer […]

Caravel Autism Health Opens New Center

Caravel Autism Health has opened a new applied behavior analysis (ABA) center for children on the spectrum. In total, the midwestern provider of ABA services operates nearly 30 centers across Illinois, Wisconsin and Minnesota. The new center, which opened in Bloomington, Minnesota, is Caravel’s eighth in the state. It’s location is strategic, as Minnesota has […]

Discovery Behavioral Health Adds Two New Adolescent Mental Health Centers

Discovery Behavioral Health, a portfolio company of Webster Equity Partners, has opened two new adolescent mental health centers. One of the centers will offer outpatient treatment to children and adults, at both the partial hospitalization and intensive outpatient levels of care. The other will offer residential treatment for adolescents ages 10 to 18, treating no […]

Digital Behavioral Providers Offer Free Services to Health Care Workers For COVID-19 Stress

Multiple virtual behavioral health companies are offering their services to health care workers for free amid the COVID-19 crisis. Three such providers are Headspace, Orbit Health Telepsychiatry and Ginger. Headspace, a digital provider of mental wellness, mindfulness and meditation services, announced Monday that it will provide free subscriptions for the year to American health care […]

Lyra Health Partners with Starbucks to Provide Mental Health Benefits to Employees

Mental health benefits manager Lyra Health will provide all Starbucks (Nasdaq: SBUX) employees and eligible family members with up to 20 sessions per year with therapists and coaches starting April 6. The Seattle-based coffee giant announced the move Monday. All sessions will be free of charge to users. Burlingame, California-based Lyra provides similar services to […]

In the Pipeline: New Behavioral Hospital in Midwest; Autism Centers Open

Opened Ohio children’s hospital unveils behavioral health center Nationwide Children’s Hospital in Columbus, Ohio, has opened a new building on its campus to provide behavioral health services to patients. Construction on the new facility cost $159 million, according to the Columbus Dispatch. Both Nationwide — the Fortune 500 insurer and financial services manager for which […]

Lyra Health Raises $75M in Latest Funding Round

Burlingame, California-based Lyra Health, a behavioral health benefits provider for employers, has raised $75 million in its latest funding round, the company announced Wednesday. The Series C funding round was led by IVP, a late-stage venture capital and growth equity firm. Existing funders and new investor Meritech Capital Partners also contributed. The new money supplements […]