Digital behavioral health unicorn Headspace Health has laid off another 180 employees, according to numerous reports and social media posts. The latest round of layoffs impacts 15% of the total company, the Los Angeles Times reported. This news comes six months after the San Francisco-based company announced cutting 50 positions, or about 4% of its […]
New data demonstrates that fentanyl has complicated addiction treatment in the U.S. by increasing the prevalence of polysubstance use in patients seeking treatment. The data — from the Kennewick, Washington-based medication-assisted treatment (MAT) provider Ideal Option — show that as many as 61% may need treatment for at least two different substances. “Polysubstance use disorder […]
Applied behavioral analysis provider Autism Behavioral Institute (ABI) has landed revenue-based funding from Decathlon Capital Partners. The terms of the deal were not disclosed, but the provider characterized it as a “significant investment.” The new capital is expected to help ABI expand into new markets and support adding new payer partners. The Charlotte, North Carolina-based […]
Substance use disorder provider Caron Treatment Centers is looking to offer more step-down services for its patients by adding a new partial hospitalization program (PHP) to its flagship campus. Founded 65 years ago, the Wernersville, Pennsylvania-based organization cares for patients with substance use disorders. It operates in Pennsylvania, Florida, Washington D.C., Georgia and New York. […]
Author Health, a hybrid mental health startup helmed by ex-Optum leader Katherine Hobbs Knutson, landed a $115 million debut funding round. The new company focuses on providing virtual and in-office mental health services to seniors with Medicare Advantage plans. It launched in 2022 and started seeing patients in January 2023, Knutson, CEO of the company, […]
Chicago-based mental health care provider Stella has acquired the majority of ketamine-assisted therapy provider Field Trip Health & Wellness Ltd’s U.S. assets. The deal gives Stella a new line of business which its CEO says complements its existing offerings. Plus, the combined Stella-Field Trip assets will generate higher revenue and lower overhead than Field Trip […]
Sevita – one of the largest providers of community-based and in-home care services for people with intellectual and developmental disabilities (I/DD) in the nation – has named a new CEO. The company, formerly branded as The Mentor Network, announced Philip Kaufman’s appointment to the top executive position on Monday. A long-time UnitedHealth Group (NYSE: UNH) […]
Hopebridge Inc. hopes to win over staffers and potential employees with its new travel BCBA role. The essence of the Indianapolis-based autism therapy provider’s pitch goes something like this: help kids, travel the country, work in areas of greatest need, receive additional training — and get paid to do all that. Hopebridge and other autism […]
Invo Healthcare will shutter several applied behavior analysis (ABA) subsidiaries, Behavioral Health Business has learned. The company is altogether leaving the home-based and center-based autism therapy segments to focus on its legacy offering: school-based behavioral health services, including ABA. Officials with Invo Healthcare have said publicly and within the company that its efforts to overcome […]
The Center for Autism and Related Disorders’ (CARD) bankruptcy doesn’t foreshadow a new level of doom and gloom for the industry as a whole. Although CARD is one of the largest companies operating in the space, it shouldn’t be used as a bellwether for autism therapy’s future outlook, several insiders told Behavioral Health Business. “I’d […]
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