Transactions: BayMark Company Buys OTP Provider; Community Psychiatry’s Latest Acquisition

Community Psychiatry purchases Harbor Psychologist Community Psychiatry — an growing outpatient behavioral health provider — has announced acquisition of Harbor Psychologist, Inc — which provides a range of psychiatric and psychological services to children and adults. Terms of the deal were not disclosed. Headquartered in Sacramento, Community Psychiatry provides a variety of virtual and in-person […]

Amid Brookdale Home Health Deal, HCA Healthcare Shows Interest in Behavioral Opportunities

HCA Healthcare (NYSE: HCA) — a publicly traded health system with national scale — could be in the market for behavioral health assets.  Headquartered in Nashville, HCA operates more than 2,000 care sites across 21 states and the United Kingdom. Those locations include surgery centers, freestanding ERs, urgent care centers, diagnostic and imaging centers, walk-in […]

Seaside Leverages Home-Based Medicaid Model, Sets Sights on Five-Fold Growth

Seaside Healthcare may not be one of the most well-known names in the behavioral health space, but the company is hard at work establishing a national presence for itself. Founded in 2009, the Shreveport, Louisiana-based company’s roots go back several years and are intertwined with Hurricane Katrina. That’s when Franklin Roemer, who had been living […]

Pipeline: UHS Opens Two New Facilities; SUD, ABA Expansions

UHS co-opens two behavioral hospitals Universal Health Services (NYSE: UHS) has opened two new behavioral health hospitals as a result of recent partnerships. One of those is a new specialty facility in Clive, Iowa. Clive Behavioral Hospital is a partnership between UHS and Iowa-based health care provider MercyOne. The hospital spans 83,000 square feet and […]

UHS: Managed Care Pressures Eased During Pandemic, But Future Unclear

Last year was one of the toughest in recent history for behavioral health care providers, who dealt with unprecedented financial strain and sky-high demand. Despite those challenges, the industry also scored a number of important wins in 2020, from being granted several important regulatory flexibilities to finally being recognized as vitally important to the healthcare […]

Employee Wellness Unicorn BetterUp Raises $125M to Expand Behavioral Coaching

BetterUp, a virtual coaching and counseling platform for employees and businesses, has raised $125 million in a Series D funding round, bringing the company’s valuation up to $1.73 billion. Funding for the latest round — which the San Francisco-based wellness unicorn announced Thursday — was led by ICONIQ Growth. Lightspeed Venture Partners, Plus Capital and […]

Transactions: Eating Disorder Treatment Providers Merge; New ABA Tech Deal

The Emily Program, Veritas Collaborative join forces Two eating disorder treatment providers are merging. St. Paul, Minnesota-based The Emily Program and Durham, North Carolina-based Veritas Collaborative have announced their intentions to merge operations, with the deal expected to close around the end of March. Terms of the transaction were not disclosed. The two companies have […]

Propelled by Events of 2020, Hurdle Fills Cultural Gaps in Behavioral Treatment

For many individuals in traditionally underserved communities, getting behavioral health assistance is a major issue. This is especially true for Black men, who are prone to anxiety and depression due to the disproportionate levels of discrimnation they face, but who are less likely than other groups to receive assistance because of stigma and a lack […]

Behavioral Unicorn Lyra Health Eyes More Corporate Customers, Continued Growth in 2021

As COVID-19 continues to wreak havoc on the economy, funding for digital behavioral health companies has remained robust, largely because the nation’s mental health has worsened amid the pandemic. For Lyra Health, a mental health care benefits startup with unicorn status, not only has the company weathered the headwinds of the economic downturn, but thrived […]