Ideal Option deepens footprint in Washington state Ideal Option has opened a new clinic in Marysville, Washington. Founded in 2012 and headquartered in Kennewick, Washington, Ideal Option operates 70 office-based MAT centers across ten states. It has nearly 30 in Washington state. The new facility will treat patients for addiction to fentanyl, heroin, alcohol and […]
Category: New Development
Hopebridge Autism Therapy Centers — one of the nation’s largest autism treatment providers — is breaking into yet another state. This time, the company is planting its flag in Florida, where it will be adding up to 30 new applied behavioral analysis (ABA) therapy centers over the next year and a half. “We’ll open four […]
Recovery Ways adds Idaho Behavioral Health to family of programs The substance use disorder (SUD) treatment provider Recovery Ways has added Idaho Behavioral Health (IBH) to its portfolio. Details of the deal were not disclosed. Boise-based IBH operates addiction treatment and mental health clinics in four locations throughout the Gem State. Those clinics are located […]
Oceans Healthcare enters JV to build new behavioral hospital Oceans Healthcare has entered into a joint venture (JV) partnership to build a behavioral health hospital in south central Oklahoma. Oceans is teaming up with Norman Regional Health System for the project. Together, the pair will construct Behavioral Health Porter Village, a 48-bed hospital expected to […]
Crisis stabilization company raises $30M in growth funding Connections Health Solutions, a Phoenix-based crisis stabilization company, has raised $30 million in growth financing from the private equity firm Heritage Group. The funding will help fuel the national expansion of Connections’ behavioral health crisis services model, the company said. Connections operates two Arizona centers — one […]
Thurston Group, a Chicago-based private equity firm focused on investing in health care companies, has created a new mental health platform called ARC Health. It formed the platform in partnership with Advanced Recovery Concepts, an Ohio-based outpatient mental health provider. Many of the specifics around the new platform — such as the financial details of […]
Investors bullish on the impact psychedelics could have in behavioral health treatment now have the opportunity to put their money where their mouth is. A new company focused on making equity investments in psychedelics-related companies just debuted, giving stakeholders an interesting case study to follow in months to come. The company in question is Origin […]
Hazelden Betty Ford’s virtual expands into four new states Hazelden Betty Ford Foundation continues to grow its telehealth footprint, as the provider has expanded its RecoveryGo tool into four additional states. RecoveryGo provides insurance-eligible tele-substance use disorder (SUD) services to individuals and groups through virtual intensive outpatient programs (IOP). Hazelden Betty Ford, the nation’s largest […]
The behavioral health and substance use disorder (SUD) treatment provider Summit BHC is reportedly up for auction. The private equity firms Lee Equity Partners and FFL Partners — which own controlling stakes in the Franklin, Tennessee-based company — are currently searching for a buyer, sources told PE Hub in a story published Thursday. Global investment […]
Universal Health Services’ (NYSE: UHS) stock price hit a 52-week high of $165.16 on Tuesday after the hospital management company beat second-quarter earnings expectations. During the successful quarter, the company saw some behavioral health labor pressures ease amid increased demand for services. “Every indicator that we have both on a … macro industry-wide basis and […]
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