Caregiver Inc. — a provider of long term care services to individuals with intellectual and developmental disabilities (I/DD) — has expanded its Midwestern footprint with the acquisition of four operators in Indiana and Ohio. Fort Worth, Texas-based Caregiver announced the deal Tuesday. “We continue to support our mission of providing high quality supports to our […]
Category: Psychiatric Care
Stepping Stones Group, which is a multi-state provider of services to children with autism and other behavioral needs, is reportedly up for sale. PE Hub reported Thursday that the organization’s parent company, Five Arrows Capital Partners, has recently initiated a competitive sale process for the provider that is aimed exclusively at private equity buyers. Investment […]
Less than two months after entering a binding agreement to merge, Delic Holdings Corp. and Ketamine Wellness Centers Arizona LLC (KWC) have officially signed off on the transaction. The closing of the deal between the psychedelic wellness providers was announced Tuesday, with KWC becoming a wholly-owned subsidiary of Delic for $10 million. The purchase now […]
The Place for Children with Autism names new chief financial officer The Place for Children with Autism, a Chicago-based provider of applied behavior therapy (ABA), has named Kristin Schultz as its chief financial officer. Schultz arrives at The Place from R1 RCM, where she was the senior director of corporate accounting for the Utah-based health […]
In the behavioral health world, Sheppard Pratt has long been a stalwart. Founded in 1853, Towson, Maryland-based Sheppard Pratt is the nation’s largest nonprofit provider of mental health, substance use disorder (SUD), developmental disability, special education and social services. Ranked as one of the top hospitals for psychiatry by US News & World Report, Sheppard […]
Less than a year into her tenure as the nation’s behavioral health head, Miriam Delphin-Rittmon acknowledges that she and the Substance Abuse and Mental Health Services Administration (SAMHSA) have their work cut out for them. Delphin-Rittmon spoke on some of those issues during a session October 7 at the 2021 Annual Meeting of the National […]
The search to find Hazelden Betty Ford Foundation’s next chief medical officer has wrapped up, as the substance use disorder (SUD) treatment provider on Thursday announced Dr. Alta DeRoo as its new CMO. DeRoo is the first female CMO in the history of Center City, Minnesota-based Hazelden, which was founded in 1949. DeRoo has been […]
The volume of outpatient health care services has climbed for decades, as more Americans need assistance for a variety of concerns, including those pertaining to behavioral wellness. And as factors like value-based care payments have correlated with a rise in outpatient behavioral health assistance, C-suite leaders and investors are taking note. Indeed, outpatient behavioral health […]
The business of behavioral health continues to boom, as M&A activity is on track to break records yet again in 2021. The dealmaking has also sparked real estate interest into the space, with Colliers International (Nasdaq: CIGI) among the various companies providing brokering and leasing services to operators buying existing properties or opening de novos. […]
After much haggling among Democrats in Congress, President Biden Thursday unveiled the latest framework of his reconciliation spending bill. The new version of the Build Back Better Act is a $1.75 trillion bill that, pricewise, is a scaled down version of the spending agenda Biden has sought to enact as a capstone achievement of his […]
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