For the past two years, the addiction treatment industry has been riding a wave of investment and attention from buyers, many of whom belong to the private equity world. But now, the tides have started to turn. Financiers looking to supply capital are eyeing the autism services sector with increased attention. The new focus comes […]
The Addiction Policy Forum, a nonprofit that aims to help people with opioid addiction, is losing its biggest donor, PhRMA, a trade group and lobby representing the country’s leading pharmaceutical companies. PhRMA will cut its donation from $8.1 million to $6 million in 2019 and end all support in 2020, according to Politico, who notes […]
SaVida Health has opened a new outpatient treatment facility in Abingdon, Virginia. SaVida provides outpatient medication-assisted treatment (MAT) for drug and alcohol use disorders. The company operates at least 18 treatment centers across five states, including Vermont, Massachusetts, Ohio, Virginia and Delaware. The new center, which will serve communities in Southwest Virginia, marks SaVida’s fifth […]
As the need for behavioral health services continues to increase, so does buyer interest in the $230 billion industry, which advisors say is growing 4% every year. However, all deals in the space are not created equal. For example, despite being one of the smallest and most immature subsectors within behavioral health care, the $7 […]
A catholic facility in Lancaster, Kentucky is on its way to becoming an addiction treatment center, according to the Associated Press. Earlier this month, the Lexington diocese announced that it would lease its infrequently used Cliffview Retreat and Conference Center to the Catholic Action Center (CAC) to make it happen. CAC provides services for the […]
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 […]
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 […]
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