Pinnacle Treatment Centers adds three Ohio locations Pinnacle Treatment Centers has added three new addiction treatment centers in Ohio. The new facilities will specialize in medication-assisted treatment (MAT) using methadone and accept Medicaid. The locations in Athens, Hamilton and Solon bring Pinnacle’s total number of outpatient opioid addiction treatment centers in the Buckeye State up […]
Category: Finance
Ginger has raised another huge chunk of financing. This time, the on-demand virtual behavioral health care system brought in $100 million in a Series E round led by funds managed by Blackstone Growth. The new money brings Ginger’s total funding raised to more than $220 million, according to a press release announcing the news. Plus, […]
Appriss Health, a care coordination software company focused on behavioral health, has acquired PatientPing, which also provides care coordination software but focuses on seniors and patients with complex needs. Appris Health announced the news Tuesday. While the companies did not formally disclose the terms of the transaction, PE Hub reported that PatientPing went for $500 […]
BayMark Health Services acquires MAT provider Medication-assisted treatment (MAT) provider BayMark Health Services has announced that it has purchased Washington, D.C.-based Partners in Drug Abuse Rehabilitation Counseling (PIDARC). Terms of the transaction were not disclosed. PIDARC provides medication assisted treatment services (MAT) like methadone to patients with opioid use disorder (OUD). It also offers substance […]
Hazelden Betty Ford grows virtual care footprint The Hazelden Betty Ford Foundation, the nation’s largest nonprofit addiction treatment provider, has announced it is bringing its telehealth services to Missouri residents who have commercial insurance, no matter where they live in the state. The services are part of Hazelden Betty Ford’s RecoveryGo tool, which provides telehealth […]
New York-based Happify Health, a provider of digital therapeutics and virtual care services for mental health issues and other chronic conditions, has raised $73 million in Series D funding. The round, which the company announced Wednesday, was led by Deerfield Management Company, along with participation from Omega Capital Partners, ION Crossover Partners and existing investors. […]
Behavioral health real estate has long been overlooked by institutional capital. The fragmented nature of the industry made worthwhile targets hard to come by. Plus, the wide variety of behavioral health facility types means the industry is more complicated to navigate than, say, the skilled nursing or medical office spaces. But in recent years, that’s […]
Richard Kresch is somewhat of a serial entrepreneur in the behavioral health space. Over the past 20 years, the psychiatrist has built and sold two different companies, Heartland Health Developments and Ascend Health Corporation, which are now part of Acadia Healthcare (Nasdaq: ACHC) and Universal Health Services (NYSE: UHS), respectively. His latest project is US […]
Promises Behavioral Health opens new facility in Texas Promises Behavioral Health has opened its latest facility, an addiction and mental health treatment center in Texas. Located in College Station, Promises Brazos Valley spans over 50,000 square feet and provides addiction and mental health treatment services to adults and college students. College Station is home to […]
Amid the pandemic, the health care industry at large seems to finally recognize the importance of behavioral health care. But not everyone is sold on providing those services. In fact, nearly a quarter of health care CFOs say their organizations plan to get out of the behavioral health game, according to a recent report from […]