Sabra CEO Interested in Institutional Behavioral Opportunities, Not ‘Fancy Malibu Retreats’

Behavioral health deals could represent a large opportunity for Sabra Health Care REIT (Nasdaq: SBRA) in the future, according to CEO Rick Matros. Irvine, California-based Sabra is a real estate investment trust (REIT) with a portfolio of 429 properties across the United States and Canada. It has historically specialized in senior housing, skilled nursing and […]

Movers & Shakers: CEO Changes at Promises, Children’s Harbor; NABH Adds Policy Director

Promises chairman named interim CEO Rob Waggener, the chairman of Nashville, Tennessee-based mental health and SUD treatment provider Promises Behavioral Health, has been named the company’s interim CEO. Waggener will retain his chair post as he temporarily takes the helm of Promises, which operates 10 facilities in Florida, Massachusetts, Pennsylvania, Texas and its home state […]

Acadia’s Growth Plans Include 30 Possible Partnerships, 600 New Beds

Acadia Healthcare (Nasdaq: ACHC) has its eyes set on growth, with plans to add about 600 beds across new and existing facilities in 2020 and a “robust pipeline of approximately 30 projects” on the partnership front. Even the sale of Acadia’s UK business, expected for later this year, ties in, as it could eventually help […]

Trump Administration Transfers SAMHSA Money to Help Fund Coronavirus Response

The Trump administration will take nearly $5 million from the Substance Abuse and Mental Health Services Administration (SAMHSA) to help fund its coronavirus response efforts.  The administration is transferring $136 million from other programs and has requested another $1.25 billion in new funding to help pay for research and prevention efforts. That includes $4.9 million […]

CannonDesign Improving Behavioral Health Care Delivery With Architecture

America’s behavioral health care system often comes second to medical care in the eyes of payers, the government and even patients themselves. That inequality can lead to shortfalls in behavioral health care delivery — including in terms of the facilities where services are offered. Criticisms range from a lack of beds to certain providers being […]

UHS Considering More Than 40 New Behavioral JV Opportunities

Universal Health Services (NYSE: UHS) has more than 40 behavioral health joint venture opportunities in the pipeline, on top of ten projects recently completed or in the works. CFO Steve Filton highlighted those opportunities Thursday morning during the company’s fourth-quarter and year-end 2019 earnings call. “It reflects a very active pipeline,” Filton told investors. “It […]

Walmart Health Offers Counseling for $1 Per Minute

As behavioral health providers know all too well, accessing mental health services such as counseling can be expensive, inconvenient and difficult for patients. Walmart (NYSE: WMT) is making moves to remove those roadblocks to care at its Walmart Health centers, where patients can speak with a counselor for $1 a minute, according to a recent […]

In the Pipeline: Autism Treatment Facilities Opening; SUD Provider Gets New Headquarters

Opened ABA provider opens new Illinois location Northbrook, Illinois-based Autism Home Support Services (AHSS), a provider of applied behavioral analysis (ABA) therapy services, has opened a new location in Rockford, Illinois. The new center will provide one-on-one, small group and social skills therapy to children 18 months and older with autism spectrum disorder (ASD), according […]

In the Pipeline: New Substance Abuse Facilities; University Breaks Ground on Equine IDD Research Center

Opened NAMI chapter opens new center The National Alliance on Mental Illness (NAMI) chapter in Sandusky County, Ohio has opened a drop-in center in Fremont. The clinic will be open for three hours a day and will have mental health professionals available to provide consultation services, as reported by Toledo TV station WTOL. The new […]

Investment in Mental Health Tech Up Nearly Fivefold Since 2014

Global investment into mental health technology has increased nearly fivefold since 2014, according to a recent study published by London-based early stage venture capital giant Octopus Ventures. The findings were originally conveyed in pounds, but Behavioral Health Business converted them to dollars using the exchange rate as of Feb. 24. In 2014, investors worldwide funneled […]