This is an exclusive BHB+ story Private investment in behavioral health has spawned enough scandals and failures to spark widespread skepticism. This growing distrust now significantly influences behavioral health transactions, making strategies to counteract investor bias essential during the sale process. “I think anti-private equity bias definitely exists,” Tommy Spiegel, vice president at investment bank […]
On March 11, two addiction treatment projects came before the Alabama Statewide Health Coordinating Council. One was approved, the other denied. Apart from their interest in expanding access to residential treatment facilities, each had something else in common. Both faced pushback on their proposed projects based on state-defined limits on how many treatment beds are […]
This is an exclusive BHB+ story Venture capital investors inherently take on risk when backing a new behavioral health company. Sometimes, that risk pays off in dividends. Other times, not so much. Deciding when an investment is no longer worthwhile is a difficult decision, investors told Behavioral Health Business. Investors want to avoid losing their […]
AdvocateMH, the behavioral health triage company founded by the ex-CEO of troubled mental health provider Cerebral, has raised $6.2 million. The company was seeking a total of $8 million, according to publicly available documents. Brookline, Massachusetts-based AdvocateMH will focus on behavioral health triage through partnerships with health systems, payers and providers. “We help individuals navigate […]
Wysa, an AI-powered mental health chatbot company, has acquired April Health, a behavioral health company that partners with primary care providers. The acquisition expands Wysa’s behavioral health offerings to include both human and AI options. It also allows the company to overcome the challenge of getting reimbursed for its services, Ramakant Vempati, co-founder and president […]
This is an exclusive BHB+ story While brand-name venture firms have been a mainstay of digital behavioral health investing for nearly two decades, new players have started moving in. More non-traditional investors, including the venture arm of health systems or payers, hedge funds, and even private equity, have dipped their toes into the startup ecosystem. […]
Fort Lauderdale, Florida-based CentralReach, a dominant player in the autism therapy software world, is reportedly eyeing a sale and retained an investment bank. Business Insider reports that the William Blair & Co. is now working with CentralReach and seeking a sale at a valuation of $1 billion on $75 million in adjusted earnings. Both a […]
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 […]
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