Discovery Behavioral Health, a national provider of various behavioral health treatments, has acquired Authentic Recovery Center (ARC), a behavioral health provider that specializes in treatment of drug and alcohol abuse. Financial terms of the deal were not disclosed. Based in Orange County, California, Discovery offers residential, partial hospitalization and intensive outpatient treatment for conditions related […]
Category: Finance
Despite the push for parity, Americans are more likely to go out of network and pay higher out-of-pocket costs for behavioral health care treatment than for treatment of chronic conditions such as diabetes and congestive heart failure. That’s according to research out of Ohio State University published in JAMA Network Open. The findings illustrate the […]
Telehealth giant American Well has entered into a definitive agreement to acquire Aligned Telehealth, which specializes in virtual behavioral health services. Financial terms of the deal were not disclosed. Boston-based American Well is a global telehealth platform provider. It’s solutions are used by more than 160 health systems and 55 health plans, and they support […]
Autism deals accounted for nearly half of all behavioral health transactions in the third quarter of 2019, according to data from mergers and acquisitions advisory firm Mertz Taggart. Eight of the quarter’s 19 behavioral health deals can be attributed to autism and applied behavioral analysis (ABA) service providers. Private equity platforms are among the largest […]
AAC Holdings Inc. (OTC: AACH), the parent company of American Addiction Centers, continued its attempt to cut costs and mitigate financial troubles in the third quarter of 2019. In Q3, it cut operating expenses by $23 million, or 28%, compared to the same quarter a year prior. However, the company still reported a loss of […]
A former corporate retreat complex in Indiana has been turned into an addiction treatment center, according to the News and Tribune. Summit Behavioral Healthcare officially opened the Henryville, Indiana-based facility last month. Named Wooded Glen Recovery Center, it will be the company’s first residential treatment center in the state. Franklin, Tennessee-based Summit BHC operates a […]
Mental Health America of Roanoke Valley has closed after more than 70 years in business, according to The Roanoke Times. It ceased operations on Oct. 31. The Virginia organization did advocacy for people with mental illnesses, in addition to offering mental health services such as free psychiatric clinic, mental health training for police officers and […]
Four behavioral health providers in Arkansas have announced plans to merge and form one integrated behavioral health system. Financial terms of the deal were not disclosed. The new non-profit, Arisa Health, will be headquartered in Springdale and have 49 locations in 41 counties in the northern half of the state. Counseling Associates, Mid-South Health Systems, […]
HonorHealth and Universal Health Services, Inc. (NYSE: UHS) have signed an agreement to open a new behavioral health hospital in the greater Phoenix area. Financial terms of the deal were not disclosed. HonorHealth is a nonprofit health system serving about 1.6 million people in and around Phoenix. It has five acute-care hospitals, multiple outpatient surgery […]
The opioid epidemic cost the U.S. an estimated $696 billion in 2018 alone — and more than $2.5 trillion total from 2015 to 2018, according to new estimates from the White House Council of Economic Advisers (CEA). The White House released those numbers last week, demonstrating the continued importance of substance abuse treatment facilities nationwide. […]
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