MD Ally — a telehealth company focused on mental health and 911 dispatches — has raised $3.5 million in seed funding. The round was led by General Catalyst with participation from Seae Ventures. It brings the startup’s total funding raised to $4.5 million, according to a press release announcing the news. Founded in 2018, MD […]
Category: Finance
As Universal Health Services (NYSE: UHS) continues to recover from the coronavirus, industry-wide behavioral health workforce shortages are standing in the way. “Shortage of appropriate clinical and, in some cases, non-clinical personnel are probably the single biggest obstacle and headwind to getting back to pre-pandemic volumes [on the behavioral side],” CFO Steve Filton said Tuesday […]
PursueCare — a Middletown, Connecticut-based provider of virtual medication-assisted treatment (MAT) services — has raised $7 million in an oversubscribed Series A2 funding round led by OCA Ventures, Seyen Capital, Wasabi Investors and other health care investors. The round brings PursueCare’s total funding raised up to $12.8 million, according to the fundraising tracking website Crunchbase. […]
While some autism treatment providers are hesitant to accept private funding for fear it conflicts with their mission-driven values, the reality is that private equity can help organizations expand and improve their services, ultimately allowing them to reach more patients. That’s a good thing for the industry, considering that the nationwide demand for applied behavioral […]
SPG acquires Child Counseling & Behavior Therapy Clinic SPG, an autism services provider that’s a portfolio company of the private equity firm Ridgemont Equity Partners, has acquired Child Counseling & Behavior Therapy Clinic, an applied behavior analysis (ABA) company based in Southern California. Financial terms of the deal were not disclosed. Headquartered in Walnut Creek, […]
CCMP Capital is reportedly preparing to sell Eating Recovery Center (ERC), according to PE Hub. Citing people familiar with the plans, the publication reported that the private equity firm is looking to begin the process later this year. CCMP Capital focuses on leveraged buyout and growth capital transactions. It currently has about 4.7 billion in […]
Ophelia, a New York-based provider of virtual opioid use disorder (OUD) treatment services, has landed $15 million in Series A funding. The round, which the company announced Thursday, was led by Menlo Ventures. Other investors include Y Combinator, General Catalyst and Refactor Capital, as well as the founders of Harry’s, Warby Parker, PillPack, Allbirds, Carbon […]
Hopebridge deepens footprint in Southwest Hopebridge Autism Therapy Centers has announced the addition of six locations in Arizona. The new centers are located in Flagstaff, Mesa, North Tucson, Phoenix Central, Surprise and Tempe. They bring the provider’s total number of facilities in the state up to 12. Headquartered in Indianapolis, Hopebridge is one of the […]
Very few private equity groups started new platforms in autism services in 2020 — a sign that deal activity in the sector, which has been white hot for years, could be primed for a slowdown. Specifically, platform formation deals in the space dropped to their lowest level since 2016, according to Dexter Braff, president of […]
Driven largely by private equity buyers, the behavioral health deal landscape remains solidly stable one year after the pandemic temporarily halted activity in Q2 2020. The behavioral sector saw 29 transactions announced in the first quarter of 2021, according to a report released by the healthcare M&A firm Mertz Taggart. Private equity accounted for 22 […]
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