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 […]
Category: M&A
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 […]
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 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 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 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 […]
Nashville-based Qualifacts, an electronic health record provider for behavioral health and human service organizations, has changed hands. New York-based Warburg Pincus, a global private equity firm focused on growth investing, purchased the company from Boston-based middle market PE firm Great Hill Partners last month. Financial terms of the deal were not disclosed. The deal is […]
Community Psychiatry Management has made two acquisitions in the Los Angeles area to deepen its already massive footprint in the state of California. The Sacramento, California-based mental health organization added both Calabasas Behavioral Health (CBH) and Gelbart and Associates in August. Financial terms of the deals were not disclosed. Community Psychiatry Management is the largest […]
Los Angeles-based Discovery Behavioral Health has acquired Pasadena, Maryland-based New Life Addiction Counseling & Mental Health Services. Financial terms of the deal were not disclosed. Discovery Behavioral Health is a national provider of substance abuse, mental health and eating disorder treatment. The 21-year-old company offers residential, partial hospitalization and intensive outpatient services for teenagers and […]
Behavioral health care acquisitions were down 35% in the third quarter of 2019. The drop reflects both month-over-month and year-over-year changes. Q3 2019 saw only 17 publicly announced deals, while Q2 2019 and Q3 2018 each saw 26 deals. That’s according to acquisition data from HealthCareMandA.com, which part of Irving Levin Associates, a publisher of […]
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