Boston-based The Stepping Stones Group has acquired Gallagher Pediatric Therapy for an undisclosed sum. Gallagher Pediatric Therapy, based in Fullerton, California, offers occupational and physical therapy in school, home and community settings. The company was founded in 1988 by Mary Kay Gallagher and Gene Riddle and serves children in school districts in Los Angeles and […]
This is an exclusive BHB+ story Will dealmaking pick up in 2025? I posit: yes! We’re off to a good start in 2025. Behavioral Health Business’ tracking of the industry has logged about 50 deal announcements — including M&A and investments — that are behavioral health-focused or industry-adjacent. Granted, some of these announcements are far […]
Universal Health Service (NYSE: UHS) has reported strong annual financial performance – as well as concern regarding potential Medicaid budget cuts. Medicaid changes have negatively impacted UHS’s behavioral health arm before. In 2024, the provider attributed low behavioral health patient days, in part, to Medicaid redeterminations. “We acknowledge that the current political environment has created […]
LifeStance (Nasdaq: LFST) has tapped Dave Bourdon, its chief financial officer, to lead the company as CEO. The leadership change comes as the outpatient mental health provider signals plans to accelerate its merger and acquisition strategy and achieve profitability by 2026. The company’s outgoing CEO, Ken Burdick, will now move to the role of executive […]
Substance use disorder (SUD) treatment provider You Are Accountable has raised $1.9 million, according to publicly available documents. The raise brings the provider’s total funding to over $3.8 million. New York City-based You Are Accountable provides online peer coaching and drug and alcohol monitoring directly to consumers and through partnerships with SUD treatment providers. Its […]
FullBloom, an academic, behavioral and mental health provider for schools, acquired school-based mental health provider CharacterStrong. The deal, announced on Wednesday, supports FullBloom’s increasing focus on mental health, according to the company. “Mental health has emerged as one of the most pressing challenges facing our schools and communities,” Jeffrey Cohen, CEO of FullBloom, said in […]
This is an exclusive BHB+ story Digital behavioral health startups experienced a tsunami of investor interest from 2020 to 2022. Founders now face a tough funding environment when growing their companies. As competition for funding dollars has increased, some say the pressure to become profitable as a new digital behavioral health startup is higher than […]
Nonprofit behavioral health provider Devereux Advanced Behavioral Health has acquired Strawberry Fields, a nonprofit provider of mental health, autism and intellectual disability care. Strawberry Fields will continue to operate as an independent legal entity but will have access to the larger organization’s systems and clinical model as an affiliate of Devereux. The acquisition will enable […]
After rocky years on the public market, Talkspace appears to be rebounding and hints at even pursuing inorganic growth strategies. This comes as the virtual behavioral health company increased its full-year 2024 revenue by 25% to $187.6 million, driven mainly by a 54% increase in payer revenue. The telehealth company achieved profitability for the first […]
Artificial intelligence-powered XRHealth has acquired behavioral health digital therapeutics (DTx) company RealizedCare. The deal marks the third acquisition for XRHealth in as many years. Behavioral health DTx companies have faced considerable challenges in recent years, including Pear Therapeutics’ notable bankruptcy. Despite the historic turmoil, XRHealth is looking to the RealizedCare deal to add chronic pain […]
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