Talkspace Sees Increased Interest from Potential Buyers Amid Sale Rumors

Talkspace, a digital therapy startup with a bevy of celebrity supporters, could soon be changing hands.  Bloomberg first reported the news Tuesday, citing “people with knowledge of the matter.” Those sources told the publication that the text-based therapy platform is working with advisers on a potential sale. Headquartered in New York City, Talkspace is a […]

Pipeline: Caravel Autism Health Expands in Multiple States Under Various Brands

Caravel Autism Health adds another Midwestern location Caravel Autism Health has announced the addition of a new center in greater Duluth, Minnesota. The new location, set to open in December, is the ninth Caravel has opened in the state since 2019.  Caravel is a private equity-backed autism services provider based in the Midwest. It specializes […]

Transactions: Behavioral Health Group’s Latest Acquisition; New Behavioral Tech Deal

Behavioral Health Group acquires Wellness Ambulatory Care  Behavioral Health Group (BHG), a national opioid use disorder (OUD) treatment provider, has acquired Wellness Ambulatory Care, an office-based opioid treatment provider (OTP). Financial terms of the deal were not disclosed. Based in Dallas, BHG bills itself as the largest network of Joint Commission-accredited outpatient opioid treatment and […]

Tech-Enabled Autism Services Provider Springtide Raises $18.1M

Springtide — a technology-enabled autism services provider — has raised $18.1 million in Series A funding. Deerfield Management Company and Optum Ventures led the financing round. With offices in Connecticut and New York City, Springtide provides in-person, center-based applied behavioral analysis (ABA), speech therapy, occupational therapy and physical therapy to children with autism. It also […]

Acadia Leaders Tout Growing Demand, Opportunities within Acute Care Service Line 

Despite the growing popularity of outpatient care within the behavioral health industry, Acadia Healthcare (Nasdaq: ACHC) remains bullish about the acute care setting.  As Acadia’s largest services line, acute care accounts for about 47% of the behavioral health giant’s US revenue. And it seems demand and opportunities in the acute care space are only on […]

Hazelden Betty Ford Pursues Creative Growth Avenues, ‘Entrepreneurial Philanthropy’

As the Hazelden Betty Ford Foundation continues on its quest to expand access to substance use disorder (SUD) treatment, the nonprofit is leaning into relatively new growth strategies and fundraising tactics. Specifically, it’s looking to pursue strategic deals and partnerships, while also taking a page out of private equity’s book by applying the PE model […]

Pipeline: MAT Expansions at SaVida, Spero Health; Monte Nido Enters Second Southeastern State

Monte Nido expands into second Southeastern state Monte Nido & Affiliates has opened a new residential eating disorder treatment center in Georgia. With the new facility, which is located just outside of Atlanta, the provider has planted its second flag in the Southeast. Malibu, California-based Monte Nido is a private equity-backed eating disorder treatment provider […]

Digital Health Startup Koa Health Raises $16.5M, Expands into US

A new digital mental health care startup has launched in the U.S. with the help of $16.5 million in Series A funding.  The company in question is Koa Health, a provider of digital mental health services to employers and health systems. Back in late October, it spun out of Alpha, which is a moonshot factory […]

Judge Rules UnitedHealth Must Reprocess 67K Behavioral Claims

UnitedHealth Group must reprocess about 67,000 behavioral health care claims that it previously denied, a federal judge ordered on Nov. 3.  The ruling comes after a years-long legal battle, which is centered around more than 50,000 patients who were beneficiaries of UnitedHealthcare’s United Behavioral Health (UBH) between 2011 and 2016. During that time, their behavioral […]

Rehab Rebound: How One SUD Nonprofit Overcame a COVID-19 Outbreak, Stayed Afloat Financially

In late April, on his birthday, Michael Pickering — executive director of RAP, Inc. — got an unexpected surprise. It wasn’t a good one. One of RAP’s substance use disorder (SUD) patients had become symptomatic with COVID-19. From there, things snowballed, with two dozen patients and staff testing positive for the coronavirus in the days […]