The intellectual and developmental disability (IDD) field may be one of the most complex and fragmented segments of the behavioral health industry. That has not prevented IDD providers, however, from driving an impressive number of deals. That includes both for-profit and nonprofit organizations. “Having run and operated within all verticals of behavioral health, IDD is […]
A new startup that offers mental health support for individuals while playing video games like Minecraft, Animal Crossing and Stardew Valley has landed $14.6 million in funding. San Francisco-based Hero Journey Club offers members small virtual group mental health support sessions while gaming. The group includes an expert facilitator who is a licensed and accredited […]
Psychedelic-focused venture studio Beckley Waves has acquired digital ketamine-assisted therapy (KAT) provider Nue Life. Beckley Waves seeks to improve access to well-being-enhancing medicines and tools in an industry that is dominated by “antiquated” approaches to mental health, according to Daniel Love, co-founder and partner at Beckley Waves and interim CEO of Nue Life. “At the […]
One of the nation’s most potent addiction treatment advocacy groups rebuked calls for a special registration process. The special registration process would allow telehealth providers to prescribe controlled substances via telehealth without a prior in-person exam. Regulatory flexibilities during the pandemic opened a new lane of business for behavioral health providers, especially addiction treatment providers. […]
Teladoc’s direct-to-consumer behavioral health service, BetterHelp, has ‘decelerated’ coming off multiple years of hypergrowth. The organization is now focusing on balancing top-line growth, bottom-line growth, and cash flow. “After scaling rapidly to surpass a billion dollars of revenue last year. We have since taken a more balanced approach to growth and margin at BetterHelp,” Mala […]
Substance use disorder (SUD) treatment provider Bradford Health named behavioral health care vet Lisa Evans its new CEO. Evans has a decade of experience in the behavioral health field and previously served as chief operations officer at Alpharetta, Georgia-based behavioral health provider Perimeter Healthcare. She is tackling her new role at Bradford with a people-first […]
The Center for Autism and Related Disorders’ (CARD) bankruptcy was bad news for investors placing big bets in the autism therapy space. But there are upsides for the company. CARD’s new owners, Doreen Granpeeseh and Sangam Pant get a clean slate at the scaled autism therapy company. And it’s a company with which they are […]
KKR-backed autism therapy provider BlueSprig Pediatrics has acquired Lakewood, Colorado-based Trumpet Behavioral Health. The deal, announced on Wednesday, also includes Trumpet Behavioral Health’s sub-brands, Therapeutic Pathways and The Behavior Center. BlueSprig purchased Trumpet from New York City-based WindRose Health Investors, which acquired the company in 2017. The terms of the deal were not announced. Trumpet […]
Lee Equity-backed Bradford Health Services names new CEO Birmingham, Alabama-based Bradford Health Services named Lisa Evans its new CEO, succeeding Mike Rickman, who held the role for about five years. Evans previously worked as corporate chief operating officer at Perimeter Healthcare, an Atlanta-based behavioral health company that operates 10 locations across six locations in the […]
More than 86% of 2.7 million people in the U.S. living with opioid use disorder do not receive medication for opioid use disorder treatment (MOUD). This treatment can reduce withdrawal symptoms, prevent overdoses and support long-term recovery. New data from Bicycle Health, a virtual opioid use disorder provider, revealed details about the populations that do […]
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