Welsh, Carson, Anderson & Stowe is reportedly looking to sell SpringStone, its network of more than 30 behavioral health facilities, according to PE Hub. The news outlet cited “four sources with knowledge on the matter,” reporting that the private equity firm is hoping to get upward of $1 billion for the Louisville, Kentucky-based business it […]
Category: Treatment Type
Real, a digital group therapy startup, has raised $10 million in Series A funding. Lightspeed Venture Partners led the round, along with other existing and new investors, some of which include soccer star Megan Rapinoe and Minnesota Vikings linebacker Erik Kendricks. Actress Gwyneth Paltrow has also previously invested in the company. Founded in 2019, Real […]
KKR to acquire Therapy Brands The global private equity giant KKR has agreed to acquire a majority interest in Therapy Brands, a practice management and EHR software platform for behavioral health and physical rehabilitation providers. The investment firm announced the news Wednesday. While terms of the transaction were not disclosed, Bloomberg reported that KKR is […]
The Centers for Medicare & Medicaid Services (CMS) has announced the 61 providers that it has chosen to participate in its new Value in Opioid Use Disorder (OUD) Treatment Demonstration. Starting this month, the four-year demonstration will test whether a new care management fee and performance-based incentive for OUD treatment can reduce hospitalizations and improve […]
A Hartford, Connecticut-based behavioral health care practice and its owners have agreed to a civil settlement with federal and state governments to settle allegations they improperly billed Medicaid. The U.S. Department of Justice (DOJ) announced Tuesday that Maurice Stuckey and Joyce Anderson, as well as their company Today’s Youth LLC, will pay $273,000 to resolve […]
A lack of adequate access to mental health treatment and resources has long plagued the nation. And the problem is only getting worse for children, who face especially long wait times when they go to emergency departments (EDs) for mental health care, according to a new study published by the journal Pediatrics. For the study, […]
Applied behavioral analysis (ABA) is widely considered the gold standard for autism treatment, but accessing ABA is easier said than done given the huge number of children on the spectrum. In fact, families are often forced onto treatment waitlists due to the nationwide shortage of ABA clinicians. And that’s if they can get an autism […]
ViaQuest — a Dublin, Ohio-based provider of intellectual and developmental disabilities (IDD), behavioral health and hospice services — has received an equity investment from Council Capital, a health care-focused private equity firm. Terms of the investment were not announced. Operating in Ohio, Indiana and Pennsylvania, ViaQuest provides residential, day and employment services to individuals with […]
Acadia forms JV with Geisinger Acadia Healthcare (Nasdaq: ACHC) has formed a joint venture (JV) with Danville, Pennsylvania-based Geisinger Health System to build two new inpatient behavioral health facilities. The companies are putting a combined total of about $80 million toward the projects. The first of the two facilities will open next year in Moosic, […]
The health insurance giant Cigna (NYSE:CI) is once again doubling down on its commitment to virtual behavioral health care post-pandemic. Like most insurers, Cigna watched its virtual behavioral health claims spike amid the COVID-19 emergency. And Stuart Lustig, Cigna’s senior medical director for behavioral health, told Behavioral Health Business there’s no going back now. “It […]