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 […]
In January, Universal Health Services (NYSE: UHS) will welcome its first new CEO in more than 40 years. Alan Miller has been at the helm of the company since he founded it back in 1979. Since then, he’s grown the business into one of the nation’s largest hospital management organizations, with 330 facilities across two […]
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 […]
After the coronavirus slowed things down earlier this year, the Center for Autism and Related Disorders (CARD) is once again revving up its growth engine. With 235 locations across 27 states, CARD is the largest autism treatment provider in the world. It boasts a research arm, a bevy of service offerings and private equity backing. […]
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. […]
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 […]
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 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 […]
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 […]
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 […]