Months after news broke that Eating Recovery Center (ERC) was potentially up for sale, Apax Funds and Oak HC/FT have joined forces to buy the treatment provider. The two firms have acquired ERC for a reported $1.4 billion from CCMP Capital in a deal first reported Tuesday morning by PE Hub. Denver-based ERC is one […]
Category: Eating Disorders
Equip now available in Oregon and Washington The San Diego-based Equip, a virtual eating disorder treatment platform, has expanded its services to patients in Washington state and Oregon. The company is in network with PacificSource and Optum in these two states, with plans soon to accept other insurers. Equip cited the low rates of people […]
Eating disorders are among the most deadly and pervasive behavioral conditions, afflicting an estimated 30 million Americans and twice as many people worldwide as they did back in 2000. The pandemic has only made things worse: Calls to eating disorder hotlines have surged since March of last year. And as is true across the behavioral […]
Oceans Healthcare enters JV to build new behavioral hospital Oceans Healthcare has entered into a joint venture (JV) partnership to build a behavioral health hospital in south central Oklahoma. Oceans is teaming up with Norman Regional Health System for the project. Together, the pair will construct Behavioral Health Porter Village, a 48-bed hospital expected to […]
Hazelden Betty Ford’s virtual expands into four new states Hazelden Betty Ford Foundation continues to grow its telehealth footprint, as the provider has expanded its RecoveryGo tool into four additional states. RecoveryGo provides insurance-eligible tele-substance use disorder (SUD) services to individuals and groups through virtual intensive outpatient programs (IOP). Hazelden Betty Ford, the nation’s largest […]
Caravel opens new center Caravel Autism Health has opened a new center in Meridian, Idaho. It adds to Caravel’s other locations in the state, which are based in Boise and Nampa. Overall, Caravel has more than 40 locations throughout Illinois, Wisconsin, Minnesota, Washington, Iowa and Idaho. It is owned by the private equity and venture […]
Despite a brief pandemic-related M&A slowdown last year, behavioral health deals picked up to close out 2020 on a record-breaking high note. And 2021 is poised to break that record again, with experts anticipating that behavioral health transactions will reach an all-time high this year. The increased M&A volume means heightened regulatory attention for the […]
One month after private equity platform Onex Partners agreed to acquire a majority stake in Newport Healthcare, the deal is now officially done. The Toronto-based Onex Corporation — a financial investment firm that oversees Onex Partners — announced Tuesday it had completed its purchase in Newport, a behavioral health provider for teens, young adults and […]
Monte Nido purchases treatment provider Eating disorder treatment provider Monte Nido & Affiliates has announced that it has purchased Waltham, Massachusetts-based Walden Behavioral Care. Financial terms of the deal were not disclosed. Founded in 2003, Walden provides eating disorder treatment and psychiatric care for children, teens and adults at facilities in Massachusetts, Connecticut and Georgia. […]
Monte Nido & Affiliates deepens New York footprint Monte Nido & Affiliates has opened a new residential eating disorder treatment program near Rochester, New York. Monte Nido Western New York officially opened July 2. The residential program serves adults of all genders with anorexia nervosa, bulimia nervosa, binge eating disorder and exercise dependency, as well […]
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