Transactions: NHI Announces $62.3M Behavioral Investment; ABA, MAT Software Deals

NHI’s $62.3M behavioral health investment National Health Investors, Inc. (NYSE: NHI), a health care real estate investment trust (REIT), has added a $62.3 million specialty behavioral health investment to its portfolio. That includes a $40.3 investment for the purchase of Brookhaven Hospital, a 64-bed s behavioral hospital in Tulsa, Oklahoma. The hospital will be leased […]

Funding Roundup: Value-Based SUD Company Eleanor Health Scores $20M; New Digital Behavioral Raises

Eleanor Health raises $20M Eleanor Health has raised $20 million in an oversubscribed Series B financing round, the company announced Monday. The global private equity firm Warburg Pincus led the funding round, with significant participation from existing investors such as Town Hall Ventures, Echo Health Ventures and Mosaic Health Solutions. The funding will help the […]

Transactions: Caravel’s Latest Acquisition; Helios Helps Recapitalize 32-Facility Behavioral Portfolio

Caravel deepens Wisconsin footprint with acquisition Caravel Autism Health is expanding services in its home state of Wisconsin with the purchase of the Center for Autism Treatment, which is based in the Milwaukee suburb of Mequon. Terms of the deal were not released. Overall, Caravel operates more than 40 centers across Wisconsin, Idaho, Illinois, Iowa, […]

Lyra Health Reportedly Raising Another $200M to Boost Valuation to $4.6B

Lyra Health is on the brink of another huge financing raise, according to The Information, which covers the technology industry. The online publication reported that the behavioral health unicorn is raising another $200 million in a new funding round, which will boost its overall value to nearly $4.6 billion. The Information cited two people familiar […]

Groups Recover Together CEO Details Plan to Expand Value-Based MAT Model Into 5 New States

While many behavioral health providers have ambitions to enter into value-based reimbursement contracts, relatively few have managed to secure them. And even fewer have managed to build their models entirely around value-based care. But then there’s Groups Recover Together, a group-based medication-assisted treatment (MAT) provider, which has done just that. Founded in 2014 and headquartered […]

Telehealth Claims Down Overall, But Virtual Behavioral Health Care Delivery Remains Strong

This February, telehealth utilization saw its first month-over-month drop since September 2020. One thing that hasn’t changed, though, is that mental health conditions continue to be the number one telehealth diagnosis across the nation. Telehealth was used more for mental health conditions than any other diagnosis in February, according to FAIR Health, a nonprofit health […]

Virtual Chronic Care Company Vida Health Nets $110M in Quest to Integrate Physical, Behavioral Treatment

Vida Health, a virtual chronic care platform, has raised $110 million in a Series D funding round led by General Atlantic, with additional participation from Centene (NYSE: CNC), AXA Venture Partners and Ardea Capital Partners, among other investors.  Headquartered in San Francisco, Vida Health provides virtual integrated care for chronic conditions, treating both physical and […]