SaVida Health Opens New Virginia Facility

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 […]

M&A Advisor: With Highest Multiples in Behavioral Health, Autism Market is ‘Out of Control’

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 […]

Catholic Facility to Become Addiction Treatment Center

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 Acquires Authentic Recovery Center

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 […]

American Well to Buy Virtual Behavioral Health Provider Aligned Telehealth

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 Dominate Behavioral Health Sector in Q3 

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 […]

Corporate Retreat Reopens as Addiction Treatment Center

A former corporate retreat complex in Indiana has been turned into an addiction treatment center, according to the News and Tribune. Summit Behavioral Healthcare officially opened the Henryville, Indiana-based facility last month. Named Wooded Glen Recovery Center, it will be the company’s first residential treatment center in the state.  Franklin, Tennessee-based Summit BHC operates a […]

Mental Health America of Roanoke Valley closes

Mental Health America of Roanoke Valley has closed after more than 70 years in business, according to The Roanoke Times. It ceased operations on Oct. 31.  The Virginia organization did advocacy for people with mental illnesses, in addition to offering mental health services such as free psychiatric clinic, mental health training for police officers and […]

Four Arkansas Behavioral Health Providers Plan Merger 

Four behavioral health providers in Arkansas have announced plans to merge and form one integrated behavioral health system. Financial terms of the deal were not disclosed. The new non-profit, Arisa Health, will be headquartered in Springdale and have 49 locations in 41 counties in the northern half of the state. Counseling Associates, Mid-South Health Systems, […]

HonorHealth, Universal Health Services Partner to Build New Behavioral Health Hospital

HonorHealth and Universal Health Services, Inc. (NYSE: UHS) have signed an agreement to open a new behavioral health hospital in the greater Phoenix area. Financial terms of the deal were not disclosed. HonorHealth is a nonprofit health system serving about 1.6 million people in and around Phoenix. It has five acute-care hospitals, multiple outpatient surgery […]