Opened ABA provider opens new Illinois location Northbrook, Illinois-based Autism Home Support Services (AHSS), a provider of applied behavioral analysis (ABA) therapy services, has opened a new location in Rockford, Illinois. The new center will provide one-on-one, small group and social skills therapy to children 18 months and older with autism spectrum disorder (ASD), according […]
Category: Finance
Opened NAMI chapter opens new center The National Alliance on Mental Illness (NAMI) chapter in Sandusky County, Ohio has opened a drop-in center in Fremont. The clinic will be open for three hours a day and will have mental health professionals available to provide consultation services, as reported by Toledo TV station WTOL. The new […]
Sabra Health Care REIT (Nasdaq: SBRA) is doubling down on its interest in behavioral health, especially addiction treatment, but don’t expect to see a whirlwind of deals just yet. “Our current acquisition pipeline is just under $1 billion,” CEO Rick Matros said Monday during the company’s fourth-quarter and year-end earnings call. “It’s still primarily senior […]
Global investment into mental health technology has increased nearly fivefold since 2014, according to a recent study published by London-based early stage venture capital giant Octopus Ventures. The findings were originally conveyed in pounds, but Behavioral Health Business converted them to dollars using the exchange rate as of Feb. 24. In 2014, investors worldwide funneled […]
Opened CARD opens new facility Woodland Hills, California-based Center for Autism and Related Disorders (CARD), one of the largest national autism treatment providers, has opened a new facility in Gilbert, Arizona, southeast of Phoenix. The organization, which provides applied behavioral analysis (ABA) therapy to individuals of all ages, operates 10 locations in Arizona, including the […]
Private equity firm Cimarron Healthcare Capital has completed its acquisition of Ascent Behavioral Health. The deal comes in partnership with the Ascent’s management team, private credit asset management firm Monroe Capital and PE firm Veronis Suhler Stevenson. Financial terms of the transaction were not disclosed. Salt Lake City, Utah-based Ascent operates six residential behavioral health […]
In America today, the need for more substance use disorder (SUD) interventions is clear. In 2017, more than 70,000 people died from drug overdoses, and the alcohol-related death rate was twice what it was 20 years earlier. Those statistics don’t include nearly 20 million others who did not die but still battled SUD that year. […]
Opened Banner Health opens new Colorado unit Phoenix-based health care nonprofit Banner Health has opened a new behavioral health unit in Loveland, Colorado, in the northern part of the state. The 17-bed outpatient facility, which serves adults ages 55 and older, is located at McKee Medical Center on the hospital’s second floor. McKee is also […]
Boulder Care, a digital startup that coordinates treatment services for individuals struggling with opioid use disorder (OUD), has announced $10.5 million in Series A funding. In a blog post last week on Medium, Boulder co-founder and CEO Stephanie Papes announced the funding and that the company has enlisted Greycroft Partners and Tusk Ventures to provide […]
Headspace has raised $93 million in Series C funding, the company announced Wednesday. That breaks down to $53 million in equity from investors and $40 million in debt financing from Pacific Western Bank. In total, the Santa Monica, California-based mindfulness and meditation company has raised $168.2 million in its decade-long lifetime, according to the fundraising […]
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