Addiction Startup PursueCare Raises $20M, Acquires Pear Therapeutics’ Tech

Virtual substance use disorder (SUD) provider PursueCare netted $20 million in a series B fundraising round. The Middletown, Connecticut-based company also acquired three software-based digital therapeutics developed by Pear Therapeutics, which filed for bankruptcy in April 2023. Pear’s SUD–focused prescription digital therapeutic (PDT) reSET landed an FDA de novo in 2017. PursueCare previously offered digital […]

How Biden’s Anti-Competitive Merger Plan Could Impact Behavioral Health

The federal government could begin scrutinizing private equity-owned behavioral health practices. The Biden-Harris administration announced new initiatives to thwart anti-competitive mergers and practices that could increase health care costs for patients. Private equity firms, health insurers and health systems will be subject to additional surveillance to foster competition in the behavioral health sector.  Although still […]

Youth Therapy Startups Raise Millions – Clayful Gets $7M, Joon Care $6M

Clayful lands $7M, led by Reach Capital On-demand coaching company Clayful raised $7 million in a seed funding round after “quietly” partnering with over 50 schools nationwide. Education technology investor Reach Capital led the seed funding round. Other investors included the OVO Fund, Common Sense Growth Fund, Charter School Growth Fund’s Innovation Fund, and contributions […]

Behavioral Health Treatment Center Merges with B2B Telehealth Company, Lands $7M Round

Behavioral health companies Integrative Life Network LLC and Integrative Health Centers Inc. have merged, rebranding as Peregrine Health. The fusion of the two Nashville, Tennessee-based behavioral health companies creates a company with direct-to-consumer and business-to-business service lines. Each was founded and led by Ryan Chapman, who will lead the combined company as CEO, according to […]

Falling Valuations, Less Competition Make Behavioral Health Deals ‘More Attractive’ to Investors

Despite the sky-high interest rates, this could be the prime time for behavioral health acquisitions.  The demand for services remains high and the elevated interest rates mean that valuations are coming back down to earth. While de novo growth strategies have dominated the behavioral health domain in 2023, some investors see this moment as an […]

PE-Backed ARC Health Acquires Manhattan Psychology Group

Thurston Group-backed behavioral health provider ARC Health has acquired Manhattan Psychology Group. Based in New York, Manhattan Psychology Group offers mental health care for children and adults. Its services include group programs for kids and parents, school support, and applied behavioral analysis (ABA), neuropsych testing, and autism evaluations. Founded in 2011 by psychologists Josh Rosenthal […]

Virtual Behavioral Health Provider UpLift Acquires Minded

Virtual behavioral health provider UpLift has acquired Minded, a psychiatric telehealth provider focused on women. The acquisition allows UpLift to expand into all 50 states and double down on its psychiatric care. Minded will also bring a number of insurance contracts to the table, allowing UpLift to care for more patients on an in-network basis. […]

‘Those Opportunities Don’t Come Up Very Often’: Sabra Opts For Steady Behavioral Growth

Sabra Healthcare REIT (Nasdaq: SBRA) plans to take an incremental approach to growing its behavioral health portfolio. The Irvine, California-based real estate investment trust (REIT) has invested just over $800 million in the behavioral health space but finds opportunities to grow that business less frequently than its other segments, according to its Q3 earnings call. […]

ARC Health Acquires 15th Practice; 3 Addiction Treatment Facilities Form BlueCrest Health

Three addiction treatment companies merge to form BlueCrest Health Group BlueCrest Recovery Center, QuickSilver Counseling Center, and Assess With Guidance have merged to form BlueCrest Health Group to support the operations of these New Jersey-based outpatient addiction treatment facilities. Collectively, BlueCrest Health Group offers partial hospitalization programs (PHP), intensive outpatient programs (IOP) and outpatient therapy. […]