Acorn Health — a national provider of applied behavior analysis (ABA) therapy — has acquired the ABA therapy assets of Concord Foundations Network. Financial terms of the deal were not disclosed. Founded in 2018, Coral Gables, Florida-based Acorn is a portfolio company of the private equity (PE) firm MBF Healthcare Partners. It provides center-based and […]
Category: Finance
Adventist Health, a multi-state integrated health system, and Synchronous Health, a tele-behavioral health startup, have entered into a strategic partnership. As part of the agreement, Adventist will invest in the telehealth platform. Roseville, California-based Adventist Health is a nonprofit that provides care through hospitals, clinics, home-based care agencies, hospices and joint-venture retirement centers in more […]
Brightline — a virtual pediatric behavioral health care startup — has raised $20 million in Series A funding, the company announced Wednesday. Threshold Ventures and previous investor Oak HC/FT led the funding round. Blue Shield of California, Blue Cross Blue Shield of Massachusetts, Boston Children’s Hospital, SemperVirens VC, Rock Health and City Light Capital also […]
Spero Health — a privately held substance use disorder treatment (SUD) provider with dozens of locations across five states — has opened a new clinic in Martinsville, Virginia. The facility is the sixth new center Spero Health has announced since the COVID-19 emergency began in mid-March. It’s all part of the provider’s plan to offer […]
Mt. Laurel, New Jersey-based substance use disorder (SUD) treatment provider Pinnacle Treatment Centers has acquired HealthQwest, a medication-assisted treatment (MAT) provider serving the state of Georgia. The deal is Pinnacle’s first in the state. Financial terms of the transaction were not announced. Pinnacle offers comprehensive addiction treatment service to nearly 31,000 patients per day across California, […]
Caravel Autism Health has opened a new applied behavior analysis (ABA) center for children on the spectrum. In total, the midwestern provider of ABA services operates nearly 30 centers across Illinois, Wisconsin and Minnesota. The new center, which opened in Bloomington, Minnesota, is Caravel’s eighth in the state. It’s location is strategic, as Minnesota has […]
Integrated Behavioral Health (IBH), a provider of employee assistance programs (EAP) and behavioral health services, has acquired Claremont EAP. Financial terms of the deal were not disclosed. Irvine, California-based IBH provides managed behavioral health care and integrated employee assistance programs to employers, health plans and other organizations. Meanwhile, Alameda, California-based Claremont EAP provides employee assistance […]
Discovery Behavioral Health, a portfolio company of Webster Equity Partners, has opened two new adolescent mental health centers. One of the centers will offer outpatient treatment to children and adults, at both the partial hospitalization and intensive outpatient levels of care. The other will offer residential treatment for adolescents ages 10 to 18, treating no […]
Rethink First, a behavioral health technology company, has scored a new strategic investment from K1 Investment Management LLC, a private equity (PE) firm that focuses on high-growth software and technology companies. Financial terms of the partnership were not disclosed. New York City-based Rethink First provides cloud-based software solutions, training and clinical tools to help support […]
Behavioral health care deal values spiked 900% in the second quarter of 2020 compared to Q1, with one huge private equity deal — and the coronavirus — leading the charge. The sector could continue to see a trend of higher valuations going forward. That’s according to a recent report by PricewaterhouseCoopers’ (PwC) Health Research Institute. […]