Acadia to purchase Adventist Health Vallejo’s behavioral services Adventist Health Vallejo — a 61-bed psychiatric facility — has signed a definitive agreement to sell the hospital and its behavioral health services to Acadia Healthcare (NASDAQ: ACHC) — one of the nation’s largest behavioral health providers. Financial terms of the deal were not disclosed. Based in […]
Category: Finance
Whistleblower lawsuits filed under the False Claims Act (FCA) were up last fiscal year, with the increase hitting the behavioral health industry especially hard. Those are just a couple takeaways from Bass, Berry & Sims’ recent 2020 Healthcare Fraud & Abuse Review. The law firm publishes the report annually to document health care fraud and […]
The number of certified community behavioral health clinics (CCBHCs) nationwide just skyrocketed thanks to a slew of newly released grants from the Substance Abuse and Mental Health Services Administration (SAMHSA). This week SAMHSA awarded CCBHC grants to 134 clinics, bringing the total number of CCBHCs nationwide up to 340 — an increase of nearly 50% […]
Alma, a membership-based network for behavioral health providers, has raised $28 million in Series B funding, the company announced Tuesday. The round was led by Insight Partners, with participation from existing investors BoxGroup, Primary Venture Partners, Rainfall Ventures, Sound Ventures and Tusk Venture Partners. Optum Ventures, a first-time Alma investor, also participated. The latest round […]
In the past two months alone, Odyssey Behavioral Healthcare has opened two new outpatient centers, acquired an eating disorder treatment provider and created and filled a new executive-level position. That’s only a fraction of the activity the mental health care provider has logged in past year: In 2020, the company also purchased a myriad of […]
TimelyMD, a Fort Worth, Texas-based provider of telebehavioral health services for college students, has received a $60 million investment from JMI Equity, a growth equity firm specializing in the investment of software companies. The investment brings the company’s total funding raised thus far raised up to $65.7 million, according to the fundraising tracking site Crunchbase. […]
Behavioral health dealmakers have predicted that M&A could reach a new peak in 2021, but some subsectors will see more love than others. Specifically, experts predict that demand for outpatient models and autism services providers will be especially high in the year ahead, with private equity (PE) investors fueling the fire. “I think 2021 is […]
PE Firm Health Enterprise Partners invests in Aware Recovery Care Aware Recovery Care, an in-home addiction treatment provider serving residents primarily in New England, has received a private equity investment from the growth equity firm Health Enterprise Partners. Details of the investment were not disclosed. Based in Wallingford, Connecticut, Aware Recovery serves patients across Connecticut, […]
Mental health care benefits provider Lyra Health has raised $187 million in Series E funding, the company announced Friday, bringing its total funding raised up to about $480 million. The latest round was led by the venture capital firm Addition. New investors Durable Capital Partners, Fidelity Management & Research Co. and Baillie Gifford also participated, […]
As the demand for behavioral health services increases, so does the number of investors looking to get into the space. One up-and-coming area of interest is behavioral health real estate. While behavioral real estate hasn’t always been a big source of investment, slowly, companies have started to partner with providers to purchase the facilities in […]
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