Nonprofit therapy and substance use disorder (SUD) treatment provider Rosecrance Behavioral Health has acquired Ascend CHC. With this move, the Chicago-based company will add eating disorder care and specialty sports and performance counseling to its service lines. Terms of the deal were not disclosed. The acquired entity will now operate under the name “Rosecrance Ascend.” […]
Once again, dozens of behavioral health companies are being recognized as some of the fastest-growing organizations in the U.S. Outpatient mental health providers specifically made up the bulk of the behavioral health companies noted by the recently released Inc. 5000 list, which documents the fastest-growing companies in the nation based on revenue growth. Several notable […]
This is an exclusive BHB+ story Cerebral’s recent acquisition of Resilience Lab was arguably the most positive light the company has garnered throughout the last few years. Not long after its 2021 partnership with gymnast Simone Biles, the digital mental health provider found itself tumbling to the center of several controversies. Unlike many pandemic-era mental […]
Recovery.com is poised to become the behavioral health industry’s equivalent to Expedia. The company will bring seven addiction content and marketing directories under its ownership after acquiring them from American Addiction Centers (AAC) for an undisclosed amount. While executives would not confirm the exact terms of the deal, a source close to the deal described […]
Tele-mental health provider Cerebral has acquired Resilience Lab, marking the company’s first acquisition since its 2020 founding. Terms of the deal were not disclosed. Resilience Lab is a therapy and medication management provider based in New York City. The company has focused on building a proprietary clinician development platform that aims to reduce psychiatrist and […]
MindSpa Psychiatry, a provider of integrated psychiatry and medication management based in Boynton Beach, Florida, has merged with Joseph Lee Counseling. The combined entities will operate under the new brand MindSpa Therapy. Terms of the deal were not disclosed. With his company being an insurance-driven psychiatry provider, MindSpa Therapy CEO and founder Adam Lennox said […]
Global investment firm Carlyle Group Inc. (Nasdaq: CG) is reportedly acquiring behavioral health company Psychiatric Medical Care. While Carlyle does not hold any current behavioral health-focused investments in its private equity portfolio, its past platforms include Newport Academy and Odyssey Behavioral Healthcare, which was sold to JLL Partners in November 2024. The investment firm had $453 […]
Crossroads Treatment Centers has acquired Family Health Services, a Pennsylvania-based outpatient addiction treatment provider, expanding its operational footprint across the state. The exact terms of the deal were not disclosed. Crossroads operates substance use disorder (SUD) treatment facilities in nine states. With this acquisition, the SUD provider will operate upwards of 50 centers in counties […]
Family Care Center opens its 9th new clinic in 2025 so far Lone Tree, Colorado-based Family Care Center continues its expansion streak in 2025 with the opening of the company’s ninth center in Memphis, Tennessee. The outpatient mental health provider has announced nine center openings in 2025 so far. The new Memphis location, at 8295 […]
Centerstone and Brightli, two of the largest behavioral health and addiction treatment nonprofits in the U.S., will merge into a single organization in November. The deal is expected to create an organization with a combined annual revenue of $1 billion. Once complete, Springfield, Missouri-based Brightli and Nashville, Tennessee-based Centerstone will scale operations to nine states […]
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