Pipeline: PE-Backed Community Medical Services Adds Several Locations; MindPath Expands

Community Medical Services opens locations in Arizona, Wisconsin Scottsdale, Arizona-based Community Medical Services, which operates medication-assisted treatment (MAT) clinics in several states, has opened two new opioid treatment programs (OTPs), one in Phoenix, Arizona, and one in South Milwaukee, Wisconsin. The South Milwaukee location opened in October, and the Phoenix facility opened earlier this month. […]

Centene CEO: Behavioral Health ‘Has to Be Integrated’

Days after Centene Corporation (NYSE: CNC) announced its plan to acquire Magellan Health (Nasdaq: MGLN), leadership is doubling down on the insurer’s commitment to behavioral. Those services will play an important role in the company’s future, according to Centene CEO Michael Neidorff, who is also president and chairman of the company. “It has to be […]

UHS CFO: Second Half of 2021 Will Look ‘More Like the 2019 We Exited Pre-COVID’

The past year has been a rough one for behavioral health providers, with COVID-19 decreasing organizations’ revenues, while increasing their costs. Even industry powerhouses like Universal Health Services (NYSE: UHS) have felt the virus’s impact. But company leaders at the behavioral health giant say they’re starting to see the light at the end of the […]

Talkspace to Go Public in $1.4B SPAC Deal

Talkspace is going public through a merger with the special purpose acquisition company (SPAC) Hudson Executive Investment Corporation (HEIC). The subscription-based therapy provider announced the $1.4 billion deal Wednesday. Headquartered in New York City, Talkspace aims to help more people access behavioral health care by remotely connecting users to licensed therapists through text and video […]

Predictive Mental Health Startup Rose Health Raises $1.73M in Seed Funding

Rose Health — a startup that uses predictive technology to detect behavioral health issues — has raised $1.73 million in an oversubscribed seed funding round.  The money will help the company acquire more customers, develop new features, create a version of its platform for children and launch an employer program pilot with the Visiting Nurse […]

Acadia’s Sierra Tucson Group Ramps Up Efforts to Address Trauma, Expand Specialty Programs

In the year ahead, Sierra Tucson Group plans to get personal, expanding its specialty program offerings and honing its trauma-informed care efforts, CEO Valerie Kading recently told Behavioral Health Business. Formed in 2019, Sierra Tucson Group is owned by Acadia Healthcare (Nasdaq: ACHC) and consists of three behavioral health treatment centers: Sierra Tucson, Sierra by […]

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. […]

Investors Predict Increased Collaboration Between Behavioral Health, Home Health in 2021

For decades, behavioral health services have been delivered in facility-based settings, whether those be inpatient psychiatric hospitals or outpatient clinics. But in 2020, that changed. The coronavirus forced telehealth into the mainstream, in turn making remote behavioral health care delivery commonplace. Nearly a year later, industry stakeholders agree there’s no putting the genie back into […]

Pipeline: Pinnacle’s New OTP; Action Behavior Centers Expands

Pinnacle Treatment Centers expands in Ohio Pinnacle Treatment Centers has opened a new opioid treatment program (OTP) in Sandusky, Ohio. The addition marks the provider’s 15th location in the state. Headquartered in New Jersey, Pinnacle provides the full range of medication-assisted treatment (MAT) services. It has more than 115 locations across eight states and specializes […]