Headspace Health has acquired Shine Inc. to add greater diversity to the wide-ranging digital mental health company. Santa Monica, California-based Headspace Health on Thursday announced its deal to acquire the mobile mental health company focused on inclusion. About 80% of the Shine team identifies as Black, Indigenous or as a person of color. Additionally, Shine’s […]
Outpatient mental health provider ARC Health announced Tuesday its acquisition of youth and family mental health service provider Sasco River Center LLC. Beachwood, Ohio-based ARC Health’s takeover of the Darien, Connecticut-based Sasco River Center is its second deal announced in the last three weeks, marking rapid early growth of the company. On Aug. 17, ARC […]
SOC Telemed on Thursday announced its acquisition of Forefront Telecare, a company that specializes in behavioral health telemedicine services. Financial terms of the deal were not disclosed. As part of the transaction, the combined enterprise is rebranding to “Access TeleCare.” The Dallas-based SOC Telemed bills itself as the largest national provider of specialty acute care […]
Inpatient psychiatric hospital companies are seeing market-specific opportunities to develop new facilities in the face of a decades-long national decline in psych beds. This new era is marked by growth-minded companies seeking to make the most of the massive demand for acute psychiatric services and other high-acuity services. For example, privately held Summit BHC (backed […]
Nashville-based telepsychiatry company MindCare Solutions Group Inc. acquired telehealth and on-site mental health provider Psych360 for an undisclosed sum. The deal, announced Tuesday, gives MindCare Solutions Group telehealth and on-site mental health services in the long-term care facility space. MindCare Solutions Group offers 24/7 telepsychiatry and behavioral health services to hospitals, emergency departments, outpatient clinics […]
LifePoint Health Inc. will acquire a majority stake in Springstone Health Opco’s management group U.S. Behavioral Partners. The deal values the company at $250 million. LifePoint Health, a Brentwood, Tennessee-based diversified health care operator, will pay $200 million to satisfy a debt interest that health care REIT Medical Properties Trust Inc. (NYSE: MPW) holds with […]
Private equity firm Revelstoke Capital Partners has closed on its acquisition of eating disorder operator Monte Nido & Affiliates for an undisclosed sum, following rumors about the deal last month. Founded in 1996, Monte Nido has five brands and 45 facilities in 15 states. The provider’s main demographic is women aged 14 to 28. The […]
Alma, a digital behavioral health company that helps providers streamline their business and work with insurers, has raised $130 million in Series D funding. This news comes just months after the startup closed a $90 million round. Alma is focused on supporting small mental health practices. It does this by helping those businesses set up […]
Behavioral health deals have seen a sharp decline in Q2, which is in line with nearly every other sector of the market. That’s according to data from Fort Myers, Florida-based M&A consulting firm Mertz Taggart. After a record breaking 2021(158 deals), and then an active first quarter (40 deals), behavioral health deals have finally slowed […]
Digital behavioral health education company Motivo Health raised $14 million in a Series A funding round led by Cox Enterprises. The Atlanta-based startup is focused on digitally connecting pre-licensed therapists to community health organizations with clinical supervisors. New therapists are able to use the platform to search vetted supervisors by state, license type and speciality […]
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