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 […]

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 […]

After Active Year, Monte Nido Outlines Multi-Pronged Growth Strategy for 2021

Despite the pandemic, 2020 was a busy year on the growth front for Monte Nido & Affiliates. Last year alone, the private equity-backed eating disorder treatment provider added five new residential treatment sites and acquired an inpatient facility, while also entering multiple new states. Headquartered in Miami, Florida, Monte Nido & Affiliates has more than […]

Pipeline: PE-Backed Community Medical Services Adds Several Locations; MindPath Expands

Community Medical Services opens locations in Arizona, Wisconsin Scottsdale, Arizona-based Community Medical Services, which operates medication-assisted treatment (MAT) clinics in several states, has opened two new opioid treatment programs (OTPs), one in Phoenix, Arizona, and one in South Milwaukee, Wisconsin. The South Milwaukee location opened in October, and the Phoenix facility opened earlier this month. […]

Transactions: Discovery Behavioral Health Expands Family of Brands; Three Providers Buy into New States

Discovery Behavioral Health acquires Prosperity Wellness Center   Discovery Behavioral Health — PE-backed network of behavioral health centers — has acquired Prosperity Wellness Center — a 40-bed residential SUD treatment facility in Tacoma, Washington. Financial terms of the transaction were not announced. Headquartered in Orange County, California, Discovery is a portfolio company of Webster Equity Partners. […]

Pipeline: Kindred’s Latest Behavioral Project; RCA, Odyssey Add Multiple New Locations

Kindred enters JV to add new behavioral, rehabilitation hospital Kindred Healthcare has entered into a joint venture with Antelope Valley Hospital to build and operate a new hospital in northern Los Angeles County. The 125,000-square-foot facility will have 96 behavioral beds and 25 acute inpatient rehabilitation beds. Headquartered in Louisville, Kentucky, Kindred is a specialty […]