LifeStance Health Inc. — a behavioral health provider backed by the private equity giant TPG Capital — is planning to go public. The company filed with the SEC last week detailing its intention to raise up to $100 million in an initial public offering (IPO). Scottsdale, Arizona-based LifeStance is one of the nation’s largest outpatient […]
Oceans Healthcare enters JV to build new facility, expand services Oceans Healthcare has announced a joint venture (JV) with CHRISTUS Spohn Health System, a Corpus Christi, Texas-based hospital operator, to expand its behavioral health care services in the southern coastal part of the state. As part of the arrangement, the pair will build a behavioral […]
Private equity (PE) firms continue to play a crucial role in helping grow the autism industry through consolidation and strategic investments. And that trend is likely to continue in the months and years to come, experts say. Nonetheless, for some in the industry, a rather sensitive dilemma persists: How can PE firms — which largely […]
Eleanor Health raises $20M Eleanor Health has raised $20 million in an oversubscribed Series B financing round, the company announced Monday. The global private equity firm Warburg Pincus led the funding round, with significant participation from existing investors such as Town Hall Ventures, Echo Health Ventures and Mosaic Health Solutions. The funding will help the […]
The behavioral health industry kicked off the first quarter of 2021 strong with 54 deals, according to proprietary data collected and analyzed by the M&A advisory firm The Braff Group. While that’s down about 17% from an “extraordinary” Q4 2020, Dexter Braff, president of the firm, said the segment is off to a great start […]
Caravel deepens Wisconsin footprint with acquisition Caravel Autism Health is expanding services in its home state of Wisconsin with the purchase of the Center for Autism Treatment, which is based in the Milwaukee suburb of Mequon. Terms of the deal were not released. Overall, Caravel operates more than 40 centers across Wisconsin, Idaho, Illinois, Iowa, […]
The Substance Abuse and Mental Health Services Administration (SAMHSA) is distributing $3 billion in American Rescue Plan funding for mental health and substance use disorder (SUD) block grants, the Department of Health and Human Services (HHS) has announced. At the same time, HHS is establishing a new Behavioral Health Coordinating Council (BHCC), according to the […]
Lyra Health is on the brink of another huge financing raise, according to The Information, which covers the technology industry. The online publication reported that the behavioral health unicorn is raising another $200 million in a new funding round, which will boost its overall value to nearly $4.6 billion. The Information cited two people familiar […]
While many behavioral health providers have ambitions to enter into value-based reimbursement contracts, relatively few have managed to secure them. And even fewer have managed to build their models entirely around value-based care. But then there’s Groups Recover Together, a group-based medication-assisted treatment (MAT) provider, which has done just that. Founded in 2014 and headquartered […]
After more than a decade of running substance use disorder (SUD) and mental health treatment programs in Utah, Recovery Ways is expanding in a big way. The private equity-backed provider recently announced the acquisition of four businesses across multiple states to create a new behavioral health network called the Recovery Ways Family of Programs. And […]
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