Brightline seeks to be the first digital pediatric behavioral health provider to serve the entire family, in part by establishing Autism Spectrum Disorder services in early 2022. Executives with the Palo Alto, California-based startup tell Behavioral Health Business that the inspiration for the new line of business came from the parents of children seeking other […]
Alameda, California-based Center for Social Dynamics announced it acquired South Sound Behavior Therapy (SSBT), deepening its presence in Washington state. SSBT concentrates its operations on the Seattle and Olympia metros, according to a news release. Terms of the deal were not disclosed. Center for Social Dynamics (CSD) is an autism treatment provider that offers applied […]
Oceans Healthcare breaks ground on new hospital Oceans Healthcare is breaking ground on a new behavioral health hospital in Lubbock, Texas that is scheduled to open next fall. Oceans Behavioral Hospital Lubbock — which will provide inpatient and intensive outpatient treatment for adults and seniors — will house 32 beds and employ a staff of […]
Health care information technology company Netsmart has purchased Remarkable Health, a Chandler, Arizona-based provider of artificial intelligence (AI) technology and software solutions for organizations focused on behavioral health and individuals with intellectual and developmental disabilities (I/DD). Terms of deal, which was announced Thursday, were not disclosed. Remarkable Health’s products include CT|One — a management platform […]
The Autism Impact Fund (AIF), which provides venture capital and private equity capital to emerging autism care companies, announced recently that it had invested in seven growth and early-stage companies. The total amount of funding provided to the companies by AIF was not disclosed. The companies receiving AIF funding included: Axial Therapeutics: A clinical stage […]
Hunter Street Partners sold off a large portfolio of properties that cater to people with intellectual and developmental disabilities (I/DD) to an unnamed buyer. The Minneapolis-based alternative investment management firm announced the sale of the 51-property portfolio on Tuesday to “a private real estate investment company that targets income-producing housing in the sector.” The terms […]
Spero Health expands footprint with three new clinics Substance use disorder (SUD) treatment provider Spero Health has opened the doors to three new facilities in the South. Two of those clinics are located in central Kentucky in the towns of Clarkson and Lebanon, both of which accept Kentucky Medicaid and a number of commercial insurance […]
Turnover among applied behavior analysis (ABA) staffers steadily climbed over the last few years with the highest levels of turnover growth coming in at the highest levels of the workforce. The Behavioral Health Center of Excellence, a Los Angeles-based applied behavior analysis accrediting body, released a report Tuesday that shows that clinical directors saw the […]
Managed care nonprofit CareSource has announced that it has purchased The Columbus Organization, which is a provider of services to individuals with conditions such as intellectual and developmental disabilities (I/DD). CareSource acquired The Columbus Organization from private equity firm HealthEdge Investment Partners, with TripleTree, LLC acting as the exclusive financial advisor in the transaction for […]
When the book is written on behavioral health mergers and acquisitions (M&A) in 2021, the story will show that dealmaking continued to generate big business. Various estimates have the behavioral health sector on track for another record breaking year, with subsectors like mental health, substance use disorder (SUD) treatment and autism care poised to reach […]
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