The digital mental health company Cerebral has raised $127 million in new funding, pushing its valuation to $1.23 billion, according to Bloomberg. Billionaire Len Blavatnik’s Access Industries led the round, with Nami Park, an adviser to Access, joining the company’s board, the publication reported Thursday. Additional participants include Silver Lake Waterman, Artis Ventures, Bill Ackman […]
Category: Finance
The global private equity giant KKR has created a new mental health services company called Geode Health, the firm announced Wednesday. The new platform will partner with psychiatrists, psychologists and therapists to offer in-person and virtual outpatient mental health treatment to children and adults across the U.S. The goal is to support clinicians so they […]
It’s been about 15 months since the COVID-19 emergency first shook up the U.S. economy, turning nearly every industry upside down. Despite the turmoil, the substance use disorder (SUD) mergers-and-acquisitions market has remained largely unaffected by the pandemic. While deal activity varied by quarter last year, the space saw 51 deals overall in 2020. That’s […]
Lighthouse deepens its Indiana footprint Lighthouse Autism Center, which provides applied behavioral analysis (ABA) therapy to children with autism spectrum disorder (ASD), has opened the doors to two new locations in its home state of Indiana. Lighthouse’s Valparaiso is located in a newly remodeled facility, which includes therapy spaces for learning, along with a playroom. […]
More than 400 companies across various industries held initial public offerings (IPOs) last year, the most since 2000, even amid the pandemic-led economic downturn. At the same time, many businesses chose to go public by merging with a special purpose acquisition company (SPAC), a maneuver that has gradually gained traction among startups, including the subscription-based […]
NHI’s $62.3M behavioral health investment National Health Investors, Inc. (NYSE: NHI), a health care real estate investment trust (REIT), has added a $62.3 million specialty behavioral health investment to its portfolio. That includes a $40.3 investment for the purchase of Brookhaven Hospital, a 64-bed s behavioral hospital in Tulsa, Oklahoma. The hospital will be leased […]
Just a couple weeks after LifeStance Health Inc. announced its intention to go public, the TPG Capital-backed outpatient behavioral health provider has set the terms of its initial public offering (IPO). On Tuesday, the company announced that it plans to raise up to $557.6 million and be valued at up to $6.35 billion. Additionally, it […]
As Acadia Healthcare’s (Nasdaq: ACHC) business continues to stabilize, the behavioral health powerhouse has its sights set on a 10% EBITDA growth rate over the next five years. Joint ventures (JV) with big name health care partners — including those with whom Acadia already has relationships — will play an important role in helping the […]
Laguna Health launches with $6.6M Laguna Health, which provides digital care tools and virtual behavioral health care to individuals post-hospitalization, has launched after raising $6.6 million in seed funding. Pitango HealthTech and LionBird led the round. Additional participants include Hippo Insurance founder and CEO Assaf Wand and Onduo founder and CEO Josh Riff. Laguna’s business […]
Spero Health expands footprint Spero Health continues to add new facilities to its fold, as the outpatient substance use disorder (SUD) provider has opened a new facility in Tennessee along with two more in Kentucky. The Tennessee clinic is located outside of Knoxville in Lenoir City. Individuals can pay for services by using TennCare and […]
Sign up
Receive industry updates and breaking news from Behavioral Health Business