PE Firm Reportedly Preparing to Sell Eating Recovery Center

CCMP Capital is reportedly preparing to sell Eating Recovery Center (ERC), according to PE Hub. Citing people familiar with the plans, the publication reported that the private equity firm is looking to begin the process later this year. CCMP Capital focuses on leveraged buyout and growth capital transactions. It currently has about 4.7 billion in […]

Movers & Shakers: Meadows Hires Head of Virtual; Oceans’ New Vice President

Meadows hires executive director of virtual outpatient Phoenix-based Meadows Behavioral Healthcare has hired Mark Baumgartner as its executive director of virtual outpatient services. Before coming to Meadows, Baumgartner spent most of his career at the Betty Ford Center, which is part of the Hazelden Betty Ford Foundation. He worked there almost two decades, serving his […]

Pipeline: Acadia’s New Suicide Prevention Centers; New SUD Locations

Acadia partners with suicide prevention organization to open new centers Acadia Healthcare (Nasdaq: ACHC) has opened 15 community resource centers in partnership with a leading suicide awareness organization to help young individuals with opioid use disorder (OUD). The centers are located in four states across the country within Acadia’s Comprehensive Treatment Centers (CTC), which provide […]

Behavioral Trade Association’s New Leader: We Need to Stop Compartmentalizing Eating Disorders

Despite the fact that eating disorders are one of the most deadly behavioral health conditions, treatment providers in the space rarely get the policy and payer support they need. Just ask Joel Jahraus. By day, he is the chief medical officer at Monte Nido & Affiliates, a Miami-based eating disorder treatment provider that offers inpatient […]

Transactions: BayMark Buys Into New Market; More SUD, Eating Disorder Treatment Deals

BayMark Health Services acquires MAT provider Medication-assisted treatment (MAT) provider BayMark Health Services has announced that it has purchased Washington, D.C.-based Partners in Drug Abuse Rehabilitation Counseling (PIDARC). Terms of the transaction were not disclosed. PIDARC provides medication assisted treatment services (MAT) like methadone to patients with opioid use disorder (OUD). It also offers substance […]

Pipeline: Hazelden Betty Ford Expands Telehealth Footprint; New Rogers Facility, Autism Centers

Hazelden Betty Ford grows virtual care footprint The Hazelden Betty Ford Foundation, the nation’s largest nonprofit addiction treatment provider, has announced it is bringing its telehealth services to Missouri residents who have commercial insurance, no matter where they live in the state. The services are part of Hazelden Betty Ford’s RecoveryGo tool, which provides telehealth […]

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 […]

Movers & Shakers: Biden Picks Leader for CMS; New CEOs at Alsana, Tempest

Biden picks new head of CMS President Biden has tapped Chiquita Brooks-LaSure to run the Centers for Medicare and Medicaid Services (CMS), according to various media reports. As of Friday afternoon, Biden had yet to announce the news. Brooks-LaSure’s appointment to the position is contingent upon the Senate confirming her nomination. CMS oversees Medicare and […]

Virtual Eating Disorder Treatment Provider Equip Raises $13M

Equip, a virtual eating disorder treatment provider, has raised $13 million in Series A funding, the company announced Wednesday. That brings Equip’s total funding raised up to $17 million.  Optum Ventures led the funding round, with additional participation from new investor .406 Ventures and existing funder F-Prime Capital. Founded in 2019, Equip aims to make […]