Pipeline: UHS Opens Two New Facilities; SUD, ABA Expansions

UHS co-opens two behavioral hospitals Universal Health Services (NYSE: UHS) has opened two new behavioral health hospitals as a result of recent partnerships. One of those is a new specialty facility in Clive, Iowa. Clive Behavioral Hospital is a partnership between UHS and Iowa-based health care provider MercyOne. The hospital spans 83,000 square feet and […]

Transactions: Eating Disorder Treatment Providers Merge; New ABA Tech Deal

The Emily Program, Veritas Collaborative join forces Two eating disorder treatment providers are merging. St. Paul, Minnesota-based The Emily Program and Durham, North Carolina-based Veritas Collaborative have announced their intentions to merge operations, with the deal expected to close around the end of March. Terms of the transaction were not disclosed. The two companies have […]

Battery Ventures Launches Software Platform for Behavioral Health Providers

Battery Ventures, a global investment firm with a background funding health care startups, has announced the creation of a new technology platform to help behavioral health and human services providers improve their operational efficiencies. The new company, Behavioral Holdings, is a cloud-based software platform designed for mental health centers and special education organizations, as well […]

Pipeline: Spero, SaVida Add New Treatment Centers; Caravel Deepens Footprint in Illinois

Banyan Treatment Centers opens first Texas location Banyan Treatment Centers has opened its newest facility in Waelder, Texas. Located in the southeastern part of the state, Banyan Texas is a 70-acre facility that provides drug and alcohol detoxification and residential addiction treatment services. The services are geared toward dual diagnosis patients struggling with addiction and […]

New Data Quantifies COVID-19’s Impact on Autism Treatment Providers

New data from the electronic health record (EHR) provider CentralReach is painting a picture of how autism treatment providers have held up amid the pandemic — and, more importantly, how the coronavirus will shape their business models into the future. First and foremost, remote care will continue to play a role in providers’ delivery of […]

Transactions: Acadia’s Latest Deal; New ABA Acquisitions

Acadia to purchase Adventist Health Vallejo’s behavioral services  Adventist Health Vallejo — a 61-bed psychiatric facility — has signed a definitive agreement to sell the hospital and its behavioral health services to Acadia Healthcare (NASDAQ: ACHC) — one of the nation’s largest behavioral health providers. Financial terms of the deal were not disclosed. Based in […]

Pipeline: New Discovery, Odyssey Behavioral Facilities; Oceans Healthcare, Spero Health Expand Footprints

Discovery Behavioral Health opens Maryland behavioral health center Discovery Behavioral Health has opened a new facility in Crownsville, Maryland devoted exclusively to mental health treatment. Los Alamitos, California-based Discovery operates more than 100 centers nationwide for mental health, substance abuse and eating disorder treatment services. Its newest facility in suburban Baltimore features two residences for […]

Transactions: Bain-Backed Broadstep Acquires Youth Treatment Provider; Summit BHC Expands in Virginia

Broadstep purchases youth-focused behavioral operator Raleigh, North Carolina-based Broadstep Behavioral Health — a provider of community and residential services to individuals with intellectual and developmental disabilities (IDD), as well as behavioral health conditions — has announced its acquisition of the South Carolina-based residential treatment provider Excalibur Youth Services. Terms of the deal were not disclosed. […]

After Strong 2020, Behavioral M&A Could Reach ‘New Peak’ in 2021

Despite the pandemic-led economic downturn of 2020, there was still plenty of M&A activity in the behavioral health care market to end the year, and signs are pointing to a robust 2021. The market saw 27 deals in Q4, according to the latest quarterly report from health care M&A firm Mertz Taggart. The flurry of […]