Health care-focused private equity firm Patient Square Capital has closed its inaugural fund with $3.9 billion in capital. The firm boasts that this is the largest fund ever raised by a health care-focused PE firm. KKR vet Jim Momtazee is serving as the firm’s managing partner. Patient Square Capital began investing in June 2021 and […]
Category: Finance
Private equity-backed Apara Autism Centers has acquired fellow applied behavioral analysis (ABA) therapy companies Autism Learning Collaborative (ALC) and Early Autism Services’ Missouri operations. This deal will bring Dallas-based Apara into four new state markets. “The alignment of these companies driven by a common vision of clinical excellence and focus on family support will increase […]
The Brentwood, Tennessee-based health care system Lifepoint Health has acquired Cornerstone Behavioral Health El Dorado. The terms of the deal to acquire the Tucson, Arizona-based facility were not disclosed. Lifepoint Health has yet to respond to additional questions. Cornerstone Behavioral Health El Dorado encompasses 54 beds and employs about 100 people. Lifepoint Health will add […]
Almost a year after New Directions Behavioral Health and Tridiuum announced their merger, the pair have launched a new joint company dubbed Lucet. Lucet works with payers to help their members connect with behavioral health care in less than five days. Its tech-backed product, Navigate & Connect, includes a digital platform and a team of […]
Industry pressures could make the behavioral health industry ripe for consolidation, especially smaller tuck-in deals. That’s according to Pitchbook’s new report on the J.P. Morgan Conference. Despite the growing demand for behavioral health services, digital mental health companies have seen a steep valuation drop over the last year. “Provider shortages, customer acquisition costs, and employer […]
Muir Wood LLC, a youth behavioral health provider, has secured investment from the private equity firm Avesi Partners. The Petaluma, California-based provider will use the investment to add new locations and new services. The amount of the investment was not disclosed. It’s also unclear whether or not Avesi Partners has wholly acquired Muir Wood. Stamford, […]
CVS Health (Nasdaq: CVS) has kicked off 2023 with investments in behavioral health and primary care startups – and it may even be looking to acquire a senior-focused value-based care organization. These investments appear to be part of CVS’ larger strategy to boost behavioral health offerings and expand into holistic health. Last week at JP […]
Monte Nido, Discovery Behavioral Health announced eating disorder treatment facilities Miami-based Monte Nido & Affiliates and Irvine, California-based Discovery Behavioral Health announced it is opening new facilities to treat eating disorders. Monte Nido, which specializes in eating disorder treatment and is among the largest in that space, announced in November two new facilities — a […]
Pediatric behavioral health provider The Stepping Stones Group has announced its purchase of in-school speech therapy company Catalyst Speech Language Pathology. Catalyst Speech provides services to more than 20 school districts in California. The Los Angeles-based provider was founded by Ji Kim in 2015. Following this acquisition, Kim will continue to lead Catalyst Speech as […]
2023 is set to be a year of transition for behavioral health, as the COVID-era public health emergency (PHE) comes to an end and economic headwinds impact the global economy. Companies that took advantage of the PHE’s relaxed regulations will finally get some answers to looming questions about their business model as the federal government […]
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