LifeStance Pulling Back on M&A, Ready to Put Hybrid Model to Work Post-PHE

LifeStance (Nasdaq: LFST) is pulling back from its expansion efforts as it refocuses its goal on long-term profitability. The sizable behavioral health provider plans to do this by consolidating brick-and-mortar facilities, cutting payer contracts by 25% and pulling back on its M&A strategy, instead opting for more organic growth. The company has its sights set […]

Google Ventures Invests $28M in Serious Mental Illness Company firsthand

GV, previously Google Ventures, has invested $28.1 million in serious mental illness-focused startup firsthand. New York-based firsthand is trying to forge trust with patients with serious mental illness (SMI) while boosting the population’s engagement with the health care system and community resources. According to the CDC, only 64.5% of adults with SMI received mental health […]

‘We’re Full-Steam Ahead’: Digital Mental Health Pioneer Array Plans Next Move After $25M Raise

Despite the economic uncertainties hitting digital health, it’s been full-steam ahead for telepsychiatry provider Array Behavioral Health. The New Jersey-based provider kicked off 2023 with a $25 million funding round led by CVS Health Ventures. It then announced a new deal with US Acute Care Solutions focused on reducing the wait time for patients with […]

Lifepoint Health Buys Behavioral Health Facility from Cornerstone Healthcare Group

The Brentwood, Tennessee-based health care system Lifepoint Health has acquired Cornerstone Behavioral Health El Dorado. The terms of the deal to acquire the Tucson, Arizona-based facility were not disclosed. Lifepoint Health has yet to respond to additional questions. Cornerstone Behavioral Health El Dorado encompasses 54 beds and employs about 100 people. Lifepoint Health will add […]

firsthand Looking to Transform SMI Care by ‘Knocking On Doors’ of Unengaged Patients

Reaching patients with serious mental illness (SMI) has traditionally been a challenge for the medical community. In fact, only 64.5% of patients with SMI received mental health treatment in the past year, according to the National Institute of Mental Health (NIMH). One of the biggest hurdles for the medical community at large is gaining the […]

Wage Inflation Slowing in Psychiatric and Substance Use Disorder Hospitals

Wages in psychiatric and substance abuse hospitals have dipped slightly, potentially signaling a slowing of wage inflation. That’s according to recently released data from risk management market research firm Hedgeye. Hourly wages for psychiatric and substance abuse hospital workers reached their lowest level year to date in September at $31.06 per hour. That mark is […]

‘We’re Going to See More Opportunity’: Acadia Gears Up for Promising M&A, JV Landscapes

Mental health operator Acadia Healthcare (Nasdaq: ACHC) has leveraged joint ventures, M&A activity and comprehensive treatment center (CTC) growth to add 600 beds in 2022. The Franklin, Tennessee-based company is doubling down on its plan to open more CTCs for opioid use disorder treatment, in particular. In the third quarter, Acadia opened two new CTCs. […]

UHS to Use Behavioral, Acute Businesses as Payers Prioritize Holistic Care

Universal Health Services’ (NYSE: UHS) behavioral health and acute care business segments could be more connected in the future. While the two segments have largely remained siloed, the move towards holistic care could give the publicly traded company leverage in the future. “To be perfectly candid, historically our two business segments have not enjoyed a […]