A new report demonstrates the need and opportunity for more significant investment in the rural mental health workforce. As behavioral health organizations and investors look for different ways to grow, rural communities present opportunities to address higher-than-average unmet needs for mental health services and capitalize on challenging workforce trends. “If there is an equal amount […]
The majority of behavioral health insiders believe that mental heath is the most attractive investment target for the space in 2023. That’s according to a new survey from Behavioral Health Business, which included 150 responses from professionals who work in the behavioral health industry. Sixty-three percent of respondents said mental health was the most attractive […]
Prosperity Behavioral Health, a startup that makes financial products for the behavioral health industry, has acquired revenue cycle management company Elevated Billing. The new acquisition fits Prosperity’s growth strategy by creating new market opportunities for the company and expanding its offerings. Terms of the transaction were not disclosed. “Ultimately, we want to be consultative and […]
When it comes to behavioral health dealmaking, buyers and sellers can sometimes be ships passing in the night. There’s plenty of interest in getting a deal done early on, but it quickly fizzles out, with both parties going their separate ways. Especially in 2022, buyers and sellers were frequently not on the same page in […]
CVS Health (NYSE: CVS) announced Wednesday it’s buying senior-focused, multi-payer value-based primary care company Oak Street Health (NYSE: OSH) for $10.6 billion. The acquisition gives CVS – parent company of Aetna – a stronger foothold in primary care while furthering its all-around value-based care strategy. Moving forward, the Woonsocket, Rhode Island-based CVS will be tasked […]
Health system LifePoint Health is furthering its foothold in the behavioral health arena after completing the acquisition of Springstone’s operating company, U.S. Behavioral Partners. The acquisition, which was first announced in August, will add 18 behavioral health hospitals and 35 outpatient locations across nine states to Lifepoint’s network. It also signals that LifePoint is doubling […]
Private equity investment in behavioral health tapered off in 2022, ending a streak of annual increases in total deal count. The total private equity deal count in behavioral health dropped to 73, a bit of a flop compared to the 104 private equity deals noted in 2021. The 30% drop in total deal volume ties […]
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 […]
Private equity group Eads Bridge Holdings has found its first partner company – a fast-growing business in the behavioral health space. Earlier this week, Eads Bridge announced an investment in Stokes Counseling, which provides a range of therapy services to over 3,500 patients. The Naugatuck, Connecticut-based company’s specialties include individual and family therapy, stress management, […]
Digital autism provider AnswersNow has closed its $11 million Series A funding round. The applied behavior analysis (ABA) provider plans to use the new funds to expand its services into more states and grow its team of PhD and master’s-level clinicians. It will also use the capital to improve its user experience on its virtual […]
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