An innovative mental health-focused jail diversion program is saving one county millions of dollars and garnering national attention. The Harris Center for Mental Health and IDD is the community behavioral health provider leading the charge. “This is targeted toward those individuals that have a history of mental health issues [whose nonviolent] crimes somehow had a […]
Opened Buena Vista Health Recovery debuts new addiction treatment facility Buena Vista Health Recovery has opened a new drug and alcohol detox and treatment facility in Tucson, Arizona. Cave Creek, Arizona-based Buena Vista is an addiction treatment provider with three locations in Arizona and a fourth facility slated to open in Colorado later this year. […]
As stigma decreases and demand for behavioral health services grows, institutional capital is taking notice, with behavioral health real estate being one hot new area of interest. First movers like Sabra Health Care REIT are hoping to take advantage of the emerging market. “None of our peers are in the space at this point,” Sabra […]
Individuals with autism spectrum disorder (ASD) have unique health needs beyond receiving therapeutic interventions such as applied behavior analysis (ABA). However, relatively few medical providers are equipped to meet those needs, despite the fact that the one in 59 children is diagnosed with ASD, according to the Centers for Disease Control and Prevention (CDC). Thomas […]
Coming Soon HonorHealth, UHS break ground on new facility HonorHealth and Universal Health Services (NYSE:UHS) have begun construction on a new 120-bed behavioral health facility in Scottsdale, Arizona. HonorHealth is a non-profit, community healthcare system serving the greater Phoenix area, while King of Prussia, Pennsylvania-based UHS is one of the largest behavioral health providers in […]
Katherine Wilson, who has been the only CEO of Springfield, Massachusetts-based Behavioral Health Network (BHN) since its formation in 1992, has announced that she will retire from the organization in June. Steven Winn, who has been with BHN since 1995 and has served as its chief operating officer since 2017, will become the organization’s new […]
The behavioral health industry may have seen more transactions in the fourth quarter of 2019 than previously believed, according to new data from M&A advisory firm Mertz Taggart. Data recently released by Irving Levin Associates suggested that the market saw a slow down in M&A activity in Q4. However, Mertz Taggart’s analysis found that behavioral […]
PE-backed Stepping Stones Group builds out autism offerings The Stepping Stones Group — a portfolio company of Five Arrows Capital Partners, the North American corporate PE arm of Rothschild & Co. Merchant Banking — has acquired STAR of CA to build out its autism offerings. Financial terms of the deal were not released. Lafayette, Colorado-based […]
With private equity’s interest in autism expected to accelerate in 2020, providers in the space are poised to have a potentially lucrative year. The autism market, though one of the smallest sub sectors in behavioral health at an estimated $7 billion, currently commands some of the industry’s highest valuations. “In autism, [multiples are] upwards of […]
The Columbus Organization Acquires Progressive Journey Group The Columbus Organization, an Indianapolis-based provider of services to individuals with intellectual and developmental disabilities (IDD), has announced its acquisition of Orlando, Florida-based Progressive Journey Group. Financial terms of the deal were not disclosed. The Columbus Organization has more than 30 years of experience serving people with IDD […]
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