Behavioral health providers now have a few extra weeks to apply for provider relief funding — federal aid that could play an important role in helping them navigate COVID-19. The U.S. Department of Health and Human Services (HHS) has extended the application deadline from Friday, August 28, to Sunday, September 13. Created by the CARES […]
Category: Finance
The behavioral health technology providers Qualifacts and Credible Behavioral Health will merge, the companies’ private equity backers announced Tuesday. Nashville-based Qualifacts is an electronic health record provider for behavioral health and human service organizations. It was acquired by Warburg Pincus, a global private equity firm focused on growth investing, last year. Meanwhile, Rockville, Maryland-based Credible […]
Lyra Health — a mental health care benefits provider — has raised $110 million in Series D funding, the company announced Tuesday. Addition led the round, with funding also coming from Adams Street Partners and existing investors, such as former Starbucks CEO Howard Schultz, Casdin Capital, Glynn Capital, Greylock Partners, IVP, Meritech Capital Partners, Providence […]
Evolve Treatment Centers opens two new locations Evolve Treatment Centers has opened two new residential treatment centers for teens. Both centers are located in the East Bay, with one in Walnut Creek, California, and the other in Lafayette, California. Los Angeles-based Evolve has 13 locations across the state of California. It specializes in treating teens […]
Amid the COVID-19 emergency, all eyes have been on skilled nursing facilities (SNFs) and hospitals — and for good reason. SNFs have accounted for more than 40% of the nation’s COVID-19 deaths, while hospitals have grappled with bed and personal protective equipment (PPE) shortages. As a result, the U.S. Department of Health and Human Services […]
Behavioral health providers only have a few days left to apply for money from the Provider Relief Fund, which could play an important role in keeping them afloat amid the coronavirus. The deadline is Friday, August 28. The Provider Relief Fund is a product of the CARES Act designed to help Medicare and Medicaid providers […]
Amid the COVID-19 emergency, behavioral health providers are struggling. They’re grappling with increased costs and decreased revenues, while also seeing more demand for their services. As a result, 71% of organizations have had to cancel, reschedule or turn away patients over the past three months, according to a recent survey by the National Council for […]
Acorn Health — a national provider of applied behavior analysis (ABA) therapy — has acquired the ABA therapy assets of Concord Foundations Network. Financial terms of the deal were not disclosed. Founded in 2018, Coral Gables, Florida-based Acorn is a portfolio company of the private equity (PE) firm MBF Healthcare Partners. It provides center-based and […]
Adventist Health, a multi-state integrated health system, and Synchronous Health, a tele-behavioral health startup, have entered into a strategic partnership. As part of the agreement, Adventist will invest in the telehealth platform. Roseville, California-based Adventist Health is a nonprofit that provides care through hospitals, clinics, home-based care agencies, hospices and joint-venture retirement centers in more […]
Brightline — a virtual pediatric behavioral health care startup — has raised $20 million in Series A funding, the company announced Wednesday. Threshold Ventures and previous investor Oak HC/FT led the funding round. Blue Shield of California, Blue Cross Blue Shield of Massachusetts, Boston Children’s Hospital, SemperVirens VC, Rock Health and City Light Capital also […]
Sign up
Receive industry updates and breaking news from Behavioral Health Business