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 […]

Movers & Shakers: Ocean Recovery Hires New COO; Odyssey Behavioral Healthcare’s Executive Changeups

Ocean Recovery adds new COO Ocean Recovery — a Newport Beach, California-based addiction and eating disorder treatment center — has hired a new COO. Cade Saurage stepped into the role this November. He has more than 19 years of industry experience. Before becoming COO of Ocean Recovery, Saurage spent eight years serving as the director […]

Pipeline: Spero Health Adds 16th Location of 2020; Monte Nido Expands in Georgia

Spero Health continues aggressive 2020 growth trajectory Spero Health has opened a new addiction treatment clinic in Hopkinsville, Kentucky. It’s the 16th new facility the Nashville-based company has added so far this year.  Spero Health is one of the largest office-based opioid treatment providers (OTPs) in the country, with more than 45 clinics across Kentucky, […]

Pipeline: MAT Expansions at SaVida, Spero Health; Monte Nido Enters Second Southeastern State

Monte Nido expands into second Southeastern state Monte Nido & Affiliates has opened a new residential eating disorder treatment center in Georgia. With the new facility, which is located just outside of Atlanta, the provider has planted its second flag in the Southeast. Malibu, California-based Monte Nido is a private equity-backed eating disorder treatment provider […]

Transactions: Blue Sprig’s Latest Autism Deal; Monte Nido Adds Arizona Eating Disorder Center

Blue Sprig Pediatrics acquires assets of Momentum Autism Therapy Services Blue Sprig Pediatrics, a private equity-backed provider of applied behavioral analysis (ABA), has acquired the assets of Momentum Autism Therapy Services. Financial terms of the deal were not disclosed. Headquartered in Houston and established in 2017, Blue Sprig is a portfolio company of global investment […]

Movers & Shakers: RCA Adds New Senior Leadership; Odyssey Taps Investment Banking Vet to Oversee Growth

RCA adds two new senior execs Recovery Centers of America (RCA) — a private equity-backed substance use disorder (SUD) treatment provider — has added two new senior executives to its team. Stacie Runion has been hired as chief human resources officer, while Kerry King has been tapped to serve as vice president of clinical services. […]

Pipeline: SaVida’s Continued Expansion; New Behavioral Hospital

SaVida Health adds second Maine center SaVida Health has opened its second medication-assisted treatment (MAT) center in Maine. The new location is set to open in Brewer on Nov. 5. Overall, SaVida operates more than 20 outpatient MAT centers across Vermont, Massachusetts, Maine, Virginia and Delaware. The PE firm Council Capital made a control investment […]