Orchard Mental Health Group has quadrupled its footprint by acquiring two companies. Formerly known as Quince Orchard Psychotherapy, Orchard Mental Health Group now operates eight locations after adding GBCC Behavioral Health and Oasis Behavioral Health Urgent Care to its footprint. These two entities collectively operate six locations with over 80 clinicians. As part of the […]
Two clinician-entrepreneurs have merged their several behavioral health organizations to create Well Behavioral Health, a company zeroed in on a holistic care model. Well Behavioral Health is the result of the fusion of Eating Disorder Recovery Specialists, Mental Health Recovery Specialists, Sanctuary Psychology P.C. and Well Williamsburg. These entities were collectively founded by Sarah Chipps, […]
Brentwood, Tennessee-based Odyssey Behavioral Healthcare traded quietly late last year to a new private equity backer, Behavioral Health Business has learned. In November, New York City-based JLL Partners acquired Odyssey Behavioral Healthcare from the international investment firm The Carlyle Group. The latter firm acquired Odyssey in December 2018. BHB previously identified Odyssey as one to […]
Fostering successful pilots with health plans is critical for digital mental health startups. These relationships can promise significant promise for providers and payers, but a negative outcome can mean wasted time and resources. While risk is an inherent part of a trial run for a digital mental health provider, both health care companies and payers […]
Virtual opioid use disorder (OUD) treatment provider Bicycle Health has achieved profitability after abandoning its “growth at all costs” mindset and streamlining its business model. The company is now set for long-term, disciplined growth, including acquiring other providers, founder and CEO Ankit Gupta told Addiction Treatment Business. Bicycle will use funds from a new $16.5 […]
Quartet Health’s time as a standalone venture is over. The New York City-based, value-based care-focused technology and services provider has been acquired by NeuroFlow, another behavioral health-focused technology company. This deal was announced just days after the divestiture of now-former tele-psychiatry provider innoTel. That company was acquired by Iris Telehealth. “When our leadership team began […]
Substance use disorder (SUD) treatment provider Meridian Behavioral Health has acquired Gateway Recovery Center, adding a crucial element to its continuum of care. Gateway provides medical detoxification, a service for which Meridian previously had to refer patients elsewhere. The acquisition is also part of Meridian’s strategic growth plan, which CEO Lewis Zeidner estimates will involve […]
Behavioral health continues to get significant attention from private equity investors, according to a new survey report. Over 90% of executives recently surveyed by Berkeley Research Group (BRG) said behavioral health is either a continuing focus or a “growing/likely” focus for the private equity sector where health care is considered in 2025. Behavioral health also […]
Private equity firm Optimal Investment Group has invested in substance use disorder (SUD) treatment provider Recovery Dynamics. Recovery Dynamics plans to use the strategic investment to grow its service lines and embark on an “ambitious expansion plan.” “Our investment reflects our confidence in the company’s vision and operational expertise, and we are committed to providing […]
Private equity-backed behavioral health provider PAX Health has acquired Harris Psychiatry Services, a psychiatric care provider specializing in workers’ compensation. Financial terms of the deal were not disclosed. PAX Health was formed in March 2024 by merging three behavioral health companies: Behavioral Medicine Associates (BMA), Workers Compensation Psychological Network (WCPN) and Reservoir Health. The company […]
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