The Crotched Mountain Foundation announced the news back in June: After 67 years, it would be closing its school for children and young adults with autism and other disabilities. Crotched Mountain CEO Ned Olney attributed the “excruciating decision” to the financial pressures of COVID-19, which caused enrollment at the Crotched Mountain School to drop off […]
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 […]
Hopebridge announces six new centers Hopebridge Autism Therapy Centers will open six new locations in the Denver, Colorado area, starting in October. All of the autism therapy centers will be open by February 2021. Indianapolis-based Hopebridge — which is backed by Arsenal Capital Partners, a private equity (PE) firm based in New York City — […]
Construction starts on $357 million psych hospital Crews have started construction on a $357 million psychiatric facility in Texas, according to the San Antonio Express-News. The site, which will have 300 beds and private rooms for all patients, will eventually serve as a replacement for the San Antonio State Hospital. It’s expected to open in […]
Acorn Health — a national provider of applied behavior analysis (ABA) therapy — has acquired the ABA therapy assets of Concord Foundations Network. Financial terms of the deal were not disclosed. Founded in 2018, Coral Gables, Florida-based Acorn is a portfolio company of the private equity (PE) firm MBF Healthcare Partners. It provides center-based and […]
Caravel Autism Health has opened a new applied behavior analysis (ABA) center for children on the spectrum. In total, the midwestern provider of ABA services operates nearly 30 centers across Illinois, Wisconsin and Minnesota. The new center, which opened in Bloomington, Minnesota, is Caravel’s eighth in the state. It’s location is strategic, as Minnesota has […]
Rethink First, a behavioral health technology company, has scored a new strategic investment from K1 Investment Management LLC, a private equity (PE) firm that focuses on high-growth software and technology companies. Financial terms of the partnership were not disclosed. New York City-based Rethink First provides cloud-based software solutions, training and clinical tools to help support […]
Opened Ohio children’s hospital unveils behavioral health center Nationwide Children’s Hospital in Columbus, Ohio, has opened a new building on its campus to provide behavioral health services to patients. Construction on the new facility cost $159 million, according to the Columbus Dispatch. Both Nationwide — the Fortune 500 insurer and financial services manager for which […]
Autism treatment companies merge to form one of nation’s largest ABA providers PE-backed BlueSprig Pediatrics, a Houston-based provider of applied behavior analysis (ABA), has announced its purchase of Florida Autism Center and its Georgia brand Fusion Autism Center, creating a “top-five national provider” of autism services, according to a press release announcing the news. Terms […]
Hopebridge Autism Therapy Centers, which is already one of the country’s largest autism treatment providers, is expanding its footprint even more in 2020. Indianapolis-based Hopebridge is a completely center-based provider of applied behavior analysis (ABA), diagnostics, occupational therapy and speech therapy. It serves children as young as 18 months and as old as 12 but […]