In light of COVID-19, Acadia Healthcare (Nasdaq: ACHC) has temporarily suspended the sale of its U.K. business. Executives previously hinted proceeds from the sale would be used to help grow the U.S. arm of the business. While interest from potential buyers remains strong, the Franklin, Tennessee-based behavioral health provider will pause the sales process until […]
Category: Finance
Multiple virtual behavioral health companies are offering their services to health care workers for free amid the COVID-19 crisis. Three such providers are Headspace, Orbit Health Telepsychiatry and Ginger. Headspace, a digital provider of mental wellness, mindfulness and meditation services, announced Monday that it will provide free subscriptions for the year to American health care […]
Mental health benefits manager Lyra Health will provide all Starbucks (Nasdaq: SBUX) employees and eligible family members with up to 20 sessions per year with therapists and coaches starting April 6. The Seattle-based coffee giant announced the move Monday. All sessions will be free of charge to users. Burlingame, California-based Lyra provides similar services to […]
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 […]
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 […]
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