Pipeline: Caravel Deepens ABA Footprint; Alsana Expands to Meet Increased Need for Eating Disorder Treatment

Caravel opens new center Caravel Autism Health has opened a new center in Meridian, Idaho. It adds to Caravel’s other locations in the state, which are based in Boise and Nampa. Overall, Caravel has more than 40 locations throughout Illinois, Wisconsin, Minnesota, Washington, Iowa and Idaho. It is owned by the private equity and venture […]

Quit Genius Nabs $64M in Series B Funding

Virtual addiction treatment platform Quit Genius has raised $64 million in an oversubscribed Series B round, the company announced Monday. The round was led by European investment firms Kinnevik and Atomico. Octopus Ventures, Triple Point Ventures and Startup Health — all of whom contributed to Quit Genius’ Series A round last year — also participated. […]

Little Leaves President Eyes East Coast Expansion Opportunities, Shares ABA Workforce Retention Strategy

Since Little Leaves Behavioral Services was founded about five years ago, the center-based applied behavioral analysis (ABA) provider has grown by four times. That includes the addition of two new locations in the past few weeks, and its expansion from the Mid-Atlantic into Florida for the first time last year. Now, the provider — which […]

Transactions: Monte Nido Expands Portfolio With Walden Deal; Caravel, Advanced Recovery Systems Secure Credit Facilities

Monte Nido purchases treatment provider Eating disorder treatment provider Monte Nido & Affiliates has announced that it has purchased Waltham, Massachusetts-based Walden Behavioral Care. Financial terms of the deal were not disclosed. Founded in 2003, Walden provides eating disorder treatment and psychiatric care for children, teens and adults at facilities in Massachusetts, Connecticut and Georgia. […]

Pipeline: Monte Nido, Pinnacle Expand; New Psychiatry Practice in North Carolina

Monte Nido & Affiliates deepens New York footprint  Monte Nido & Affiliates has opened a new residential eating disorder treatment program near Rochester, New York. Monte Nido Western New York officially opened July 2. The residential program serves adults of all genders with anorexia nervosa, bulimia nervosa, binge eating disorder and exercise dependency, as well […]

Inside Accanto Health, New Parent Company of The Emily Program and Veritas Collaborative

Less than six months after The Emily Program and Veritas Collaborative merged, the eating disorder treatment provider has announced a new name for its parent company: Accanto Health. And that’s not the only change coming down the pike for the newly combined organization, according to CEO Dave Willcutts, who has his eyes set on acquisitions, […]

Pipeline: JV Developments for UHS, Acadia; Spero Health, BrightView Expand

UHS names new behavioral health hospital Beaumont Health and Universal Health Services (NYSE: UHS) have officially announced the name of their new joint venture (JV) behavioral health hospital. Named Beaumont Behavioral Health, the new facility will open in Southfield, Michigan in the fall. The $40 million, 144-bed hospital will be located across the street from […]

Talkspace Acquisition Approved, Stock to Begin Trading June 23

Months after Hudson Executive Investment Corporation (Nasdaq: HECCU) announced its plan to acquire the virtual behavioral health provider Talkspace, shareholders of the special purpose acquisition company (SPAC) otherwise known as HEIC have overwhelmingly voted to approve the deal. At a special shareholders meeting Thursday, 94% of votes were in approval of the merger. Affirmative votes […]