CVS Health (NYSE: CVS) is expanding its efforts to fight the opioid epidemic and will make social determinants of health a bigger part of the equation. The Woonsocket, Rhode Island-based pharmacy and health care company is partnering with social care coordination company Unite Us to expand the resources of CVS’s program aimed at combating opioid […]
Category: Finance
Opened Ohio children’s hospital unveils behavioral health center Nationwide Children’s Hospital in Columbus, Ohio, has opened a new building on its campus to provide behavioral health services to patients. Construction on the new facility cost $159 million, according to the Columbus Dispatch. Both Nationwide — the Fortune 500 insurer and financial services manager for which […]
More than 80 Certified Community Behavioral Health Clinic (CCBHC) advocates convened on Capitol Hill Wednesday to urge Congress to extend and expand the CCBHC Medicaid demonstration program. Specifically, they’re asking lawmakers to support the Excellence in Mental Health and Addiction Treatment Expansion Act (S. 824/H.R. 1767), which would expand the pilot by two years and […]
Burlingame, California-based Lyra Health, a behavioral health benefits provider for employers, has raised $75 million in its latest funding round, the company announced Wednesday. The Series C funding round was led by IVP, a late-stage venture capital and growth equity firm. Existing funders and new investor Meritech Capital Partners also contributed. The new money supplements […]
Autism treatment companies merge to form one of nation’s largest ABA providers PE-backed BlueSprig Pediatrics, a Houston-based provider of applied behavior analysis (ABA), has announced its purchase of Florida Autism Center and its Georgia brand Fusion Autism Center, creating a “top-five national provider” of autism services, according to a press release announcing the news. Terms […]
Hopebridge Autism Therapy Centers, which is already one of the country’s largest autism treatment providers, is expanding its footprint even more in 2020. Indianapolis-based Hopebridge is a completely center-based provider of applied behavior analysis (ABA), diagnostics, occupational therapy and speech therapy. It serves children as young as 18 months and as old as 12 but […]
Opened Pyramid Healthcare opens second Georgia facility Pyramid Family Behavioral Healthcare has opened a new center in the Atlanta suburb of Sandy Springs, Georgia. The program provides intensive outpatient and partial hospitalization treatment services to adults and adolescents. Pyramid Family Behavioral Healthcare also offers treatment services in a second Atlanta suburb in Johns Creek. Its […]
Ginger acquires technology assets of LiveBetter San Francisco-based health and wellness startup Ginger has acquired the technology assets of LiveBetter, a free app that helps users address select mental health challenges. Financial terms of the deal were not disclosed. San Francisco-based Ginger is a virtual behavioral health care system that delivers coaching, therapy and psychiatry […]
A care optimization platform that helps patients, providers and health plans navigate substance use disorder (SUD) has raised $15 million in Series C funding. The money will be used to accelerate axialHealthcare’s expansion into the SUD treatment and recovery sector, according to a press release announcing the news. Oak HC/FT, .406 Ventures, BlueCross BlueShield Venture […]
Behavioral health deals could represent a large opportunity for Sabra Health Care REIT (Nasdaq: SBRA) in the future, according to CEO Rick Matros. Irvine, California-based Sabra is a real estate investment trust (REIT) with a portfolio of 429 properties across the United States and Canada. It has historically specialized in senior housing, skilled nursing and […]