In the Pipeline: New Behavioral Hospital in Midwest; Autism Centers Open

Opened Ohio children’s hospital unveils behavioral health center Nationwide Children’s Hospital in Columbus, Ohio, has opened a new building on its campus to provide behavioral health services to patients. Construction on the new facility cost $159 million, according to the Columbus Dispatch. Both Nationwide — the Fortune 500 insurer and financial services manager for which […]

Movers & Shakers: Behavioral Hospital Replaces CEO After Controversy; New Directors at SUD Treatment Centers

Florida behavioral health hospital fills CEO, HR positions North Tampa Behavioral Health Hospital has appointed Clint Hauger as its new CEO and Lorenzo Rivera as its new director of human resources. Hauger comes to position after former CEO Byron Coleman Jr. stepped down last December following allegations that he lacked proper qualifications for the job, […]

Senators Rally Behind Bills to Expand, Extend CCBHC Medicaid Demonstration

More than 80 Certified Community Behavioral Health Clinic (CCBHC) advocates convened on Capitol Hill Wednesday to urge Congress to extend and expand the CCBHC Medicaid demonstration program. Specifically, they’re asking lawmakers to support the Excellence in Mental Health and Addiction Treatment Expansion Act (S. 824/H.R. 1767), which would expand the pilot by two years and […]

Lyra Health Raises $75M in Latest Funding Round

Burlingame, California-based Lyra Health, a behavioral health benefits provider for employers, has raised $75 million in its latest funding round, the company announced Wednesday. The Series C funding round was led by IVP, a late-stage venture capital and growth equity firm. Existing funders and new investor Meritech Capital Partners also contributed. The new money supplements […]

Coronavirus Concerns Shake Up Behavioral Health Industry, Could Boost Demand for Services

This week has been a rough one for U.S. stocks, with the S&P 500 halting trading twice and the Dow Jones Industrial Average experiencing its worst drop since 1987. Concerns over the coronavirus, or COVID-19, were largely to blame.  The market’s drop took behavioral health stocks down with it, with Universal Health Services (NYSE: UHS) […]

Transactions: Merger Forms ‘Top-Five’ Autism Provider; Discovery Behavioral Health’s Latest Acquisition

Autism treatment companies merge to form one of nation’s largest ABA providers PE-backed BlueSprig Pediatrics, a Houston-based provider of applied behavior analysis (ABA), has announced its purchase of Florida Autism Center and its Georgia brand Fusion Autism Center, creating a “top-five national provider” of autism services, according to a press release announcing the news. Terms […]

In the Pipeline: Oceans Healthcare’s Latest Facility; New Behavioral Health Hospitals

Opened Pyramid Healthcare opens second Georgia facility Pyramid Family Behavioral Healthcare has opened a new center in the Atlanta suburb of Sandy Springs, Georgia. The program provides intensive outpatient and partial hospitalization treatment services to adults and adolescents. Pyramid Family Behavioral Healthcare also offers treatment services in a second Atlanta suburb in Johns Creek. Its […]

Lyra Health Helps Providers Improve, Capitalize On Employee Mental Health Benefits

While more and more employers are offering mental health benefits, that doesn’t always translate into opportunities for traditional behavioral health providers. Many companies opt to provide the benefits through app-based solutions that specialize in remote coaching and stress-reduction, with trendy startups like Headspace and Ginger winning business from corporate giants such as Starbucks (Nasdaq: SBUX), […]

Transactions: Ginger Acquires LiveBetter’s Tech; Landmark Recovery Buys New Building

Ginger acquires technology assets of LiveBetter San Francisco-based health and wellness startup Ginger has acquired the technology assets of LiveBetter, a free app that helps users address select mental health challenges. Financial terms of the deal were not disclosed. San Francisco-based Ginger is a virtual behavioral health care system that delivers coaching, therapy and psychiatry […]

Hospital CEOs List Behavioral Health Among Top Concerns

Behavioral health and addiction issues were among hospital CEOs’ top concerns in 2019, according to a new survey.  The American College of Healthcare Executives (ACHE) asked 1,481 community hospital CEOs from across the country to rank 11 issues based on how much they were impacting the CEOs’ organizations. Nearly 400 CEOs responded to the survey, […]