AAC Outlines 2021 Blueprint Following Recent Restructure

American Addiction Centers (AAC) has started a new chapter in the company’s history. After years of financial struggles and a Chapter 11 bankruptcy filing, the substance use disorder (SUD) treatment provider recently completed a financial reorganization. The restructuring has helped AAC reduce its debt load by about $500 million and position the company for its […]

CEO Lani Fritts: ‘We’re Building Kadiant 2.0’

It’s been an eventful couple years for Kadiant, a private equity-backed applied behavior analysis (ABA) provider composed of nine legacy autism services companies. CEO Lani Fritts partnered with TPG Capital and Vida Ventures to launch the Oakland, California-based company in February of last year. Together, the PE partners contributed more than $300 million in equity […]

Eating Recovery Center Eyes Virtual Entry into New States, Partners to Make It Possible

While most eating disorder treatment providers first dove into virtual care around March, Eating Recovery Center (ERC) had a head start.  The national eating disorder treatment provider debuted its virtual IOP offering about three years ago. Back then, the service was mostly leveraged to treat patients on college campuses who might otherwise go without care. […]

New CEO of Acadia-Owned Addiction Facilities Aims to Bolster Specialty Programs, Employee Satisfaction

In August, Sierra by the Sea and Sunrise Recovery Ranch welcomed a new CEO in Michelle Beaudoin, an 20-plus-year veteran of the behavioral health industry.  The California-based addiction treatment providers are part of the Sierra Tucson Group, which is owned by the behavioral powerhouse Acadia Healthcare (Nasdaq: ACHC). The scenic facilities provide residential treatment, partial […]

How COVID-19 Flexibilities Will Strengthen Hopebridge Autism Therapy Centers Long-Term

Like most behavioral health providers, Hopebridge Autism Therapy Centers expected 2020 to pan out differently. The coronavirus threw a wrench in many of the Indianapolis-based company’s plans, forcing it to scale back its growth goals and temporarily close all of its locations. On a more positive, equally unexpected note, 2020 also prompted Hopebridge to roll […]

Caron Aims to Avoid SUD ‘Whack-A-Mole’ with Integrated Approach, Specialty Programs

Caron Treatment Centers is doubling down on its differentiators: its specialty treatment programs and ever-growing medical expertise. Headquartered in Wernersville, Pennsylvania, Caron is a not-for-profit substance use disorder (SUD) treatment provider with more than 60 years of experience under its belt. It offers a variety of services in Pennsylvania, Florida, Philadelphia, Washington, D.C., Atlanta and […]

Headspace Exec Pushes Back on App Criticism, Touts 500% Spike in Employer Offering Interest

Mental health and mindfulness apps have boomed amid the pandemic, and Santa Monica, California-based Headspace is no exception. In June, the digital mindfulness and meditation company pulled in another $47.7 million in Series C funding. That’s on top of the $53 million it touted back in February, pushing its total Series C equity funding raised […]

Amid Growth, Pinnacle CEO Pushes for Methadone MAT Flexibilities

The last five months have been hard for behavioral health providers to weather, with many being forced to cut back services as a result of COVID-19-related financial strain. Some are even facing the risk of closure. Then there’s Pinnacle Treatment Centers, which has actually been expanding. Pinnacle is one of the largest substance use disorder […]