Applied behavior analysis (ABA) and autism diagnosis provider Soar Autism Center has clinched $19.3 million in a funding round. The provider was seeking a total of $20 million, according to SEC documents. Denver, Colorado-based Soar Autism Center provides applied behavior analysis (ABA) therapy based on the early start Denver model (ESDM) to children aged 6 and […]
Investing in the behavioral health industry has evolved rapidly in the last five years. From dizzyingly high funding levels to dramatic drops in annual totals, the recent past makes visualizing the future a daunting task. But long-term industry trends and emerging investment patterns offer some idea of what direction up-and-coming behavioral health companies are heading. […]
Private equity-backed behavioral health companies are organizing to oppose additional dealmaking oversight in the health care hotbed of California. Since April, Assembly Bill 3129, sponsored by Assemblymember Jim Wood, has passed out of the California State Assembly and has succeeded in two committee votes in the California State Senate. The bill, if enacted, would require […]
Ketamine therapy provider HOPE Therapeutics announced it plans to acquire five ketamine clinics and reach $100 million in annual revenue in less than a year. HOPE Therapeutics, a subsidiary of NRx Pharmaceuticals (Nasdaq: NRXP), announced on Monday that it has secured $30 million in debt to finance the acquisitions. The company is apparently targeting five […]
Dealmaking in the behavioral health space is slow these days — there’s no arguing that. But there are still plenty of lessons to be learned from the deals that have been completed thus far in 2024. With less to look at, there’s more to see. With fewer deals, we can spend more time taking in […]
The behavioral health industry presents real estate investors with a compelling opportunity compared to more traditional facility portfolio operators. But it comes with a trade-off. On one hand, some behavioral health facilities will hit their break-even point with just 50% to 60% occupancy. On the other hand, they are much less predictable businesses with shorter […]
Austin, Texas-based ABA Connect has doubled its facilities in the last two years by acquiring two other applied behavior analysis (ABA) companies. The autism therapy provider has now unified its brands, ABA Connect, Bright Behavior and ABA Therapy of Houston, under the name BrightPath Behavior, and is forging a course for organizational growth. “Brand awareness […]
The behavioral health industry is constantly seeking to bolster its clinician supply to meet raging levels of unmet mental health needs. Access to care could improve significantly if more providers offered group therapy. Group therapy is a rare behavioral health modality that promises benefits under both value-based care and fee-for-service reimbursement models, largely due to […]
Outpatient mental health providers made up the bulk of behavioral health companies that appeared on this year’s Inc. 5000, a list of the nation’s fastest-growing companies. Of the 40 companies that Behavioral Health Business identified, 24 exclusively focused on providing mental health services in various formats and with a wide variety of specializations. Two other […]
Neuronetics (Nasdaq: STIM), a provider of transcranial magnetic stimulation (TMS), has acquired competitor Greenbrook TMS. Neuronetics purchased all of Greenbrook’s outstanding common shares in an all-stock transaction. The deal comes months after Greenbrook was delisted from the Nasdaq Stock Market LLC. “Beyond the strategic benefits, we believe this acquisition will help create a more attractive […]
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