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 […]
Category: New Development
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 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 […]
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 […]
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 […]
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 […]
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 […]
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