Coming Out of a Slow Q1, Acadia Healthcare Ramps Up Focus on CTCs, Outpatient Expansion

While Acadia Healthcare (NASDAQ: ACHC) saw a slow start to 2024, its leadership said that an improving labor market and rate improvements are tailwinds for the rest of the year. The first quarter of 2024 was plagued by weaker-than-anticipated patient volumes, which leadership attributed primarily to seasonality, and lower-than-expected admission rates in its military specialty […]

Private Equity Owns 6.2% of Mental Health, 7.1% of Addiction Treatment Facilities

New research reveals how much private equity is in control of the behavioral health sector. In short, it’s less than dealmaking trends in the last several years may suggest. “Cumulatively, private equity-owned mental health practices constituted 6.2% of all mental health facilities (652 of 10,324) and 7.1% of all SUD facilities (1,152 of 16,174) nationally, […]

Comvest-backed Your Behavioral Health Acquires Teen-Focused Insight Treatment Programs

Your Behavioral Health (YBH) announced it acquired teen mental health and substance use disorder (SUD) treatment provider Insight Treatment Programs. The deal expanded private equity firm-backed YBH’s total footprint to over two dozen facilities across Southern California. “An established provider in the mental health care space, Insight is an excellent fit that expands Your Behavioral […]

UHS Reports Solid Growth in Patient Volume Amid Pending Legal Challenges

Universal Health Services (NYSE: UHS) leadership said it’s too early to tell if its $535 million legal case will impact the company’s strategy in the future.  During the company’s Q1 earnings call, leadership answered a number of questions about the litigation’s potential impact on the company. UHS subsidiary Pavilion Behavioral Health System has denied any […]

Elevance Health Boosts Behavioral Health Biz with $740M State Contracts

Elevance Health Inc. (NYSE: ELV) is placing a “large focus” on its behavioral health business, inking two massive state contracts worth up to $740 million in Q1 of 2024. Carelon, Elevance’s health care services arm, is off to a “strong start” this year, buoyed by major behavioral health contracts with the states of Maryland and […]

Optum-Backed Refresh Mental Health Acquires CARE Counseling

Optum-owned Refresh Mental Health has acquired fast-growing outpatient mental health provider CARE Counseling, according to several sources close to the matter. The deal marks the second Optum-affiliated outpatient mental health acquisition in the last few years. In 2022, Optum acquired what was ostensibly the second-largest outpatient mental health company: Jacksonville Beach, Florida-based Refresh Mental Health. […]

Autism Device Company EarliTec Raises $21.5M 

Digital autism company EarliTec Diagnostics has raised $21.5 million in a Series B funding round. Decatur, Georgia-based EarliTec will use the cash to fund clinical research evaluating its early autism diagnosis technology. The technology aims to aid clinicians in diagnosing and assessing autism in toddlers. Nexus NeuroTech Ventures and Venture Investors Health Fund led the […]

Limbic Scores $14M to Expand to US Market; Peregrine Health Raises $3.4M

Limbic secures $14 million in funding London–based Limbic, a mental health AI company, raised $14 million in a funding round led by Khosla Ventures and joined Gaingels and Illusian. England’s National Health Service (NHS) has used Limbic’s web-based chatbot to intake more than 250,000 patients. Limbic will use the newly raised funds to expand to […]

UHS Ordered to Pay $535M in Legal Case

Universal Health Services (NYSE: UHS) intends to challenge a recent verdict that would require the company to pay $535 million in damages related to a sexual assault suit.  Pavilion Behavioral Health System, a subsidiary of UHS, denied any liability in a case that alleged that an underage patient was sexually assaulted by another underage patient […]