Caravel opens new center Caravel Autism Health has opened a new center in Meridian, Idaho. It adds to Caravel’s other locations in the state, which are based in Boise and Nampa. Overall, Caravel has more than 40 locations throughout Illinois, Wisconsin, Minnesota, Washington, Iowa and Idaho. It is owned by the private equity and venture […]
Category: Psychiatric Care
Hazelden Betty Ford CMO retiring Hazelden Betty Ford Foundation Chief Medical Officer Marvin Seppala will be retiring at the end of this year, the nonprofit substance use disorder (SUD) treatment provider has announced. A psychiatrist by training, Seppala originally joined Hazelden in 1995 as its first full-time physician. During his time at the organization, he […]
Despite a brief pandemic-related M&A slowdown last year, behavioral health deals picked up to close out 2020 on a record-breaking high note. And 2021 is poised to break that record again, with experts anticipating that behavioral health transactions will reach an all-time high this year. The increased M&A volume means heightened regulatory attention for the […]
Happify Health — a digital, software-enabled behavioral health platform — has launched a new digital therapeutic to treat depression and anxiety. Called Ensemble, it’s the first and only transdiagnostic prescription digital therapeutic able to treat patients with both conditions, according to the company. The evidence-based therapy tool must be prescribed by a clinician and is […]
Caravel Autism Health expands footprint Caravel Autism Health has opened a new facility in Geneva, Illinois. The center is located west of Chicago and provides applied behavior analysis (ABA) services to children ages 2 to 18. ABA is widely considered to be a gold standard of autism care. Owned by the private equity and venture […]
One month after private equity platform Onex Partners agreed to acquire a majority stake in Newport Healthcare, the deal is now officially done. The Toronto-based Onex Corporation — a financial investment firm that oversees Onex Partners — announced Tuesday it had completed its purchase in Newport, a behavioral health provider for teens, young adults and […]
Monte Nido purchases treatment provider Eating disorder treatment provider Monte Nido & Affiliates has announced that it has purchased Waltham, Massachusetts-based Walden Behavioral Care. Financial terms of the deal were not disclosed. Founded in 2003, Walden provides eating disorder treatment and psychiatric care for children, teens and adults at facilities in Massachusetts, Connecticut and Georgia. […]
The pandemic has increased the prevalence of trauma-causing stressors. But even before COVID-19, trauma was an everyday reality for many people — including the behavioral health providers who treat traumatized individuals. An estimated 10 million children each year experience trauma, and various studies have correlated childhood trauma with becoming part of the Medicaid population in […]
Virtual mental health provider Ginger — which serves more than 25 million individuals worldwide through employers, health plans and strategic partners — is extending its offerings to teenagers. The San Francisco-based company on Thursday announced the roll out of Ginger for Teens, which will provide a full continuum of its services to adolescents ages 13 […]
Psychedelics have long brought to mind magic mushrooms, Woodstock and LSD-induced hallucinations. But some corners of the health care industry have started exploring psychedelics for the treatment of certain behavioral health conditions. As proponents seek to change the negative perception long tied to psychedelic substances, a cottage industry of startups has emerged in the young […]
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