Spero Health opens new addiction treatment clinic Spero Health is welcoming patients to its newest treatment clinic for substance use disorder (SUD), which has opened in Columbus, Ohio. The clinic is located east of I-270 in the Georgian Heights neighborhood and offers a combination of in-person and telehealth services. Ohio Medicaid and most commercial insurances […]
Category: Autism/IDD
The evolution of the behavioral health industry has been spurred on not just by more people wanting care, but the advancement of technologies to better enable access to services. This is happening as health care moves toward a value-based payment system, which many in the industry feel can be aided by the adoption of new […]
Caregiver Inc. — a provider of long term care services to individuals with intellectual and developmental disabilities (I/DD) — has expanded its Midwestern footprint with the acquisition of four operators in Indiana and Ohio. Fort Worth, Texas-based Caregiver announced the deal Tuesday. “We continue to support our mission of providing high quality supports to our […]
Stepping Stones Group, which is a multi-state provider of services to children with autism and other behavioral needs, is reportedly up for sale. PE Hub reported Thursday that the organization’s parent company, Five Arrows Capital Partners, has recently initiated a competitive sale process for the provider that is aimed exclusively at private equity buyers. Investment […]
The Place for Children with Autism names new chief financial officer The Place for Children with Autism, a Chicago-based provider of applied behavior therapy (ABA), has named Kristin Schultz as its chief financial officer. Schultz arrives at The Place from R1 RCM, where she was the senior director of corporate accounting for the Utah-based health […]
Ridgemont Equity Partners has created a new parent organization for its portfolio of autism companies as well as intellectual- and developmental-disability treatment businesses. The Charlotte, North Carolina-based middle-market private equity firm announced Thursday that its portfolio company Speech Pathology Group created Unison Therapy Services. The new parent company will leverage comprehensive support for five other […]
Owners of Boston-based Sevita Health apparently want to sell a minority stake in the community-based and in-home care service company for people with intellectual and developmental disabilities (I/DD). PEHub.com reports that New York City-based Centerbridge Partners LP and Chicago-based Vistria Group LP are seeking to sell a stake in the company and value it at […]
The gradual move in behavioral health toward value-based care has shone a bright light on patient outcomes. With government and commercial insurers pivoting away from the traditional fee-for-service payment model, a number of providers are also embracing the arrangement. As some behavioral health executives tell it, value-based care is an effective way to keep many […]
Mergers and acquisitions (M&A) among behavioral health providers dipped a bit in the third quarter (Q3), but the sector is still poised to close out 2021 on a high note. Across the behavioral health care spectrum, 25 transactions occurred in Q3 2021, according to a report released by M&A advisory firm Mertz Taggart. The number […]
A new survey from the American Network of Community Options and Resources shows that nearly 80% of community-based I/DD providers are turning away new referrals as the industry continues to grapple with the fallout from the coronavirus pandemic and the current stresses put on the industry by staffing and financial shortages. In February 2020, the […]
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