Beacon Health Options Expands Partnership with Walmart

Beacon Health Options has expanded its partnership with Walmart (NYSE: WMT). As part of the agreement, Beacon Care Services — a subsidiary of Beacon Health Options — will provide select behavioral health services through the retail giant’s second Walmart Health center. Boston-based Beacon Care Services is a behavioral health provider that dubs itself the country’s […]

Quartet Health Collaborates with Blue Cross NC for Value-Based Behavioral Health Payment Model

Quartet Health, a technology platform services company for behavioral health providers, has reached an agreement with Blue Cross Blue Shield North Carolina (Blue Cross NC) to establish a new value-based payment model for the Tar Heel State insurer. The goal is to ensure people get high-quality mental health care in a timely manner while improving […]

Great Circle Names New President, CEO

St. Louis-based Great Circle, one of the Midwest’s largest behavioral health nonprofits, has named a new president and CEO. Paula Fleming — who has served as the organization’s interim president and CEO since May — was appointed to the positions earlier this month following a nationwide search. Great Circles has more than 20 locations across […]

What PE Investors Want from Autism Treatment Providers

With private equity’s interest in autism expected to accelerate in 2020, providers in the space are poised to have a potentially lucrative year.  The autism market, though one of the smallest sub sectors in behavioral health at an estimated $7 billion, currently commands some of the industry’s highest valuations. “In autism, [multiples are] upwards of […]

Alaska Psychiatric Institute Names Interim CEO

The Alaska Psychiatric Institute (API) has a new interim CEO. The Alaska Department of Health and Social Services (DHSS) appointed Noel Rea to the position earlier this month. She brings 30 years of experience, which includes being a senior director at NetworxHealth and serving as an interim CEO for several other Alaska hospitals.  Anchorage, Alaska-based […]

AAC Names New CEO

AAC Holdings (AAC) — which experienced a tumultuous 2019 following personnel changes and a delisting from the New York Stock Exchange (NYSE) — has announced the promotion of Andrew McWilliams to CEO.  AAC is the parent company of American Addiction Centers. McWilliams has been with Brentwood, Tennessee-based AAC since 2014, when he was hired as […]

Private Equity Hungry for Autism Providers, Consolidation Will Accelerate

Private equity’s interest in autism has boomed in recent years, and in 2020, providers can expect to see more of the same. Armed with record levels of capital, private equity firms such as Blackstone Group, Inc. and Carlyle Group LP have amassed almost $1.5 trillion in unspent capital, the highest year-end total on record, according […]

RWJBarnabas Hires SVP of Behavioral Health, Addiction Treatment

West Orange, New Jersey-based RWJBarnabas Health, which operates a number of independent health care providers throughout the state, has named Frank Ghinassi as senior vice president of its behavioral health and addictions service line.  Ghinassi comes to the position from Rutgers University Behavioral Health Care (UBHC), where he has been president and CEO since 2016. […]

Programming Note: BHB Holiday Weekend Schedule

Thank you for reading Behavioral Health Business. If you like our coverage, be sure to subscribe to our newsletter, which brings the latest in industry updates and breaking news stories directly to your inbox. BHB’s Chicago headquarters will be closed on Monday, January 20 in observance of Martin Luther King Jr. Day. Our normal posting […]