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. […]
Talkiatry adds senior vice president of operations Virtual behavioral health provider Talkiatry has named Vanessa Cao as its senior vice president of operations. Cao joins Talkiatry from New York-based wellness startup HealthQuarters, where she was the company’s head of operations. She has also previously held managerial roles with New York-based health system NYU Langone Health […]
Spero Health expands footprint with three new clinics Substance use disorder (SUD) treatment provider Spero Health has opened the doors to three new facilities in the South. Two of those clinics are located in central Kentucky in the towns of Clarkson and Lebanon, both of which accept Kentucky Medicaid and a number of commercial insurance […]
Workit Health, a digital provider of substance use disorder (SUD) treatment, has raised $118 million in Series C funding. The Ann Arbor, Michigan-based company announced Thursday the results of the round, which was led by Insight Partners. Additional participants in the round included CVS Health Ventures, FirstMark Capital, BCBS Venture Fund and 3L Capital. Founded […]
Los Angeles-based Levine Leichtman Capital Partners LLC apparently wants to unload Miami-based eating disorder treatment provider Monte Nido & Affiliates Holdings LLC. PEHub.com reported Monday that Levine Leichtman could seek a sale price of up to $1 billion. That’s based on unnamed sources disclosing to PEHub.com that the private equity firm is seeking a 20x […]
Mergers and acquisitions (M&A) among behavioral health providers dipped a bit in the third quarter (Q3), but the sector is still poised to close out 2021 on a high note. Across the behavioral health care spectrum, 25 transactions occurred in Q3 2021, according to a report released by M&A advisory firm Mertz Taggart. The number […]
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 […]
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