Private equity firm Revelstoke Capital Partners has closed on its acquisition of eating disorder operator Monte Nido & Affiliates for an undisclosed sum, following rumors about the deal last month. Founded in 1996, Monte Nido has five brands and 45 facilities in 15 states. The provider’s main demographic is women aged 14 to 28. The […]
Category: Eating Disorders
Fueled with $4 million in funding, Arise, a new virtual eating disorder startup, is looking to treat more consumers through personalized care. This is part of the growing trend to treat specific mental health conditions, such as eating disorders, OCD and insomnia, in a virtual medium. Interest from investors and consumers have led to over […]
Monte Nido & Affiliates, a national eating disorder treatment provider, is under new ownership, according to a new report by Axios Pro. Denver-based health care-focused private equity firm Revelstoke Capital Partners reportedly won the bid for Monte Nido & Affiliates. The Beverly Hills, California-based Levine Leichtman Capital Partners presently owns Monte Nido. Levine Leichtman first […]
Digital eating disorder provider Equip has announced its nationwide expansion. The virtual provider will now be able to see patients in all 50 states and Washington, D.C. The San Diego-based company began seeing patients in October 2020. Less than a year later, it inked its first payer partnerships with UnitedHealthcare. Now, it works with a […]
Since its founding in 2019, virtual provider Equip has been doing its part to help stem the tide of eating disorders. Now, after having proved its outcomes-based treatment approach to insurer Aetna, the two companies are partnering to offer services to plan beneficiaries. Aetna – which is owned by pharmacy giant CVS Health (NYSE: CVS) […]
Aetna has announced that it is partnering with eating disorder treatment provider Equip to provide virtual treatment services to the insurer’s commercial members. The program will initially be rolled out to Aetna members in California, New Jersey, New York, Oregon, Texas and Washington, with hopes to roll it out to more states next year. The […]
The nation’s behavioral health industry keeps growing, with current estimates pegging it to be worth $90 billion. And for those on the frontline advocating for the industry, it is an especially busy time. Like everyone else, the ongoing – and seemingly neverending – pandemic remains front-and-center in the consciousness of behavioral health leaders, as they […]
Equip Health Inc., a digital eating disorder treatment startup, announced Wednesday it closed a $58 million Series B funding round. This latest investment will allow the company to expand Equip Health’s eating disorder treatment offerings nationwide, launch new product offerings in 2022, and broaden insurance coverage reach, including with Medicaid payers. Total funding for the […]
Digital health continued its tear in 2021, as the number of deals and the amount of funding in the space reached record levels. And if mental health had not already proven itself as a major engine driving activity, 2021 definitely underscored that fact. Digital startups based in the U.S. hauled in $29.1 billion over the […]
Banyan Treatment Centers formed its first eating disorder treatment program, announcing last week that it rolled out at a Banyan site in Langhorne, Pennsylvania. While presently limited to one facility, the Pompano Beach, Florida-based addiction treatment and mental health provider’s approach calls for providing a full spectrum of treatment to meet a patient’s individual needs. […]
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