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 […]
Category: Finance
Acadia partners with suicide prevention organization to open new centers Acadia Healthcare (Nasdaq: ACHC) has opened 15 community resource centers in partnership with a leading suicide awareness organization to help young individuals with opioid use disorder (OUD). The centers are located in four states across the country within Acadia’s Comprehensive Treatment Centers (CTC), which provide […]
The Carlyle Group (Nasdaq: CG) is reportedly considering a sale of its teen rehab business Newport Academy, according to PE Hub, which cited sources familiar with the process. The upcoming sale is expected to yield a valuation of more than $1 billion dollar, the publication further reported. With locations across the East and West Coasts, […]
Welsh, Carson, Anderson & Stowe is reportedly looking to sell SpringStone, its network of more than 30 behavioral health facilities, according to PE Hub. The news outlet cited “four sources with knowledge on the matter,” reporting that the private equity firm is hoping to get upward of $1 billion for the Louisville, Kentucky-based business it […]
Real, a digital group therapy startup, has raised $10 million in Series A funding. Lightspeed Venture Partners led the round, along with other existing and new investors, some of which include soccer star Megan Rapinoe and Minnesota Vikings linebacker Erik Kendricks. Actress Gwyneth Paltrow has also previously invested in the company. Founded in 2019, Real […]
KKR to acquire Therapy Brands The global private equity giant KKR has agreed to acquire a majority interest in Therapy Brands, a practice management and EHR software platform for behavioral health and physical rehabilitation providers. The investment firm announced the news Wednesday. While terms of the transaction were not disclosed, Bloomberg reported that KKR is […]
Behavioral and physical health have been siloed from one another for decades, but the health care system is finally starting to shift to a more integrated model. Appriss Health — a cloud-based care coordination software company focused on behavioral health — is hoping to accelerate that shift with its latest deal. “We’re so excited about […]
ViaQuest — a Dublin, Ohio-based provider of intellectual and developmental disabilities (IDD), behavioral health and hospice services — has received an equity investment from Council Capital, a health care-focused private equity firm. Terms of the investment were not announced. Operating in Ohio, Indiana and Pennsylvania, ViaQuest provides residential, day and employment services to individuals with […]
Acadia forms JV with Geisinger Acadia Healthcare (Nasdaq: ACHC) has formed a joint venture (JV) with Danville, Pennsylvania-based Geisinger Health System to build two new inpatient behavioral health facilities. The companies are putting a combined total of about $80 million toward the projects. The first of the two facilities will open next year in Moosic, […]
Empower Community Care, an Atlanta-based company that provides behavioral health services and technologies to vulnerable populations, has received an investment from the middle market private equity firm Northlane Capital Partners (NCP). NCP’s investment was made in partnership with Empower’s existing management team, led by co-CEOs Josh Glade and Logan Greenspan, as well as co-founder Keller […]
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