Headspace Raises $93M to Tackle Chronic Conditions, Fuel Expansion

Headspace has raised $93 million in Series C funding, the company announced Wednesday. That breaks down to $53 million in equity from investors and $40 million in debt financing from Pacific Western Bank. In total, the Santa Monica, California-based mindfulness and meditation company has raised $168.2 million in its decade-long lifetime, according to the fundraising […]

Transactions & Financings: Mystery Provider Signs Lease on New Headquarters; Autism Acquisitions

Acorn Health acquires Autism University Autism Services of Michigan (ACM), an Acorn Health company based in Traverse City, is joining forces with another Wolverine State provider, Macomb-based Autism University. Under the deal, Autism University will become a wholly-owned subsidiary of Acorn Health. Financial terms were not disclosed. Acorn Health operates five autism services companies specializing […]

MHCA CEO: Endurance Key For Behavioral Health Providers Sailing into 2020

Behavioral health providers are notoriously mission-driven, sometimes at the expense of being business-minded enough to remain financially viable. Additionally, they’ve been historically siloed. Tallahassee, Florida-based MHCA has been trying to tackle those industry weaknesses and others since its founding back in 1985. Sailing into the choppy behavioral health waters of 2020, that mission remains. Formerly […]

President Trump’s Budget Would Boost CCBHC, Opioid Funding — But Hurt Medicaid 

The Trump administration released its proposed budget for fiscal year 2021 Monday. On the behavioral health front, the budget aims to expand and extend the Certified Community Behavioral Health Clinic (CCBHC) Medicaid demonstration, significantly boosting funding to that program and a variety of others focused on mental health and the opioid epidemic. It also promises […]

In the Pipeline: New Mental Health VA Clinic; Detox Center Gets Green Light

Opened Eleanor Health opens new North Carolina center Waltham, Massachusetts-based Eleanor Health, a provider of addiction treatment services for opioids and other substances, recently opened its fourth North Carolina location in Hickory. The new location will provide services both at its outpatient facility and in patients’ homes. Six more Eleanor locations are planned in North […]

In the Pipeline: Odyssey Opens Tech Addiction Center; New Substance Abuse Facilities

Opened Buena Vista Health Recovery debuts new addiction treatment facility Buena Vista Health Recovery has opened a new drug and alcohol detox and treatment facility in Tucson, Arizona. Cave Creek, Arizona-based Buena Vista is an addiction treatment provider with three locations in Arizona and a fourth facility slated to open in Colorado later this year. […]

Behavioral Health Real Estate Sparks Interest of Institutional Capital

As stigma decreases and demand for behavioral health services grows, institutional capital is taking notice, with behavioral health real estate being one hot new area of interest.  First movers like Sabra Health Care REIT are hoping to take advantage of the emerging market. “None of our peers are in the space at this point,” Sabra […]

Genesis Hands Off 5 Behavioral Health Facilities

Genesis HealthCare (NYSE: GEN) has announced a series of deals that will transition the operational responsibilities for 19 of its West Coast facilities to New Generation Health. Five of those are behavioral health facilities. As part of the $79 million transaction, Genesis sold the real estate and operations for six skilled nursing facilities and transferred […]

Former Nursing Homes Finding New Life As Behavioral Health Facilities

As the demand for behavioral health services continues to grow, so does the industry, with new developments and facilities popping up every day. Nursing home providers, on the other hand, haven’t been as lucky. The skilled nursing world continues to see financial strain and, in some cases, closures. In that misfortune, a number of behavioral […]

Non-Publicized Deals Boost Q4 Behavioral Health M&A Stats

The behavioral health industry may have seen more transactions in the fourth quarter of 2019 than previously believed, according to new data from M&A advisory firm Mertz Taggart. Data recently released by Irving Levin Associates suggested that the market saw a slow down in M&A activity in Q4. However, Mertz Taggart’s analysis found that behavioral […]