PE Firm Reportedly Looking to Sell SpringStone for $1B

Welsh, Carson, Anderson & Stowe is reportedly looking to sell SpringStone, its network of more than 30 behavioral health facilities, according to PE Hub.  The news outlet cited “four sources with knowledge on the matter,” reporting that the private equity firm is hoping to get upward of $1 billion for the Louisville, Kentucky-based business it […]

BayMark, Eleanor Health Among Providers Selected for CMS’s New Value-Based OUD Treatment Demonstration

The Centers for Medicare & Medicaid Services (CMS) has announced the 61 providers that it has chosen to participate in its new Value in Opioid Use Disorder (OUD) Treatment Demonstration.  Starting this month, the four-year demonstration will test whether a new care management fee and performance-based incentive for OUD treatment can reduce hospitalizations and improve […]

Pipeline: New Projects for Acadia, UHS; SUD Providers Expand Reach

Acadia forms JV with Geisinger Acadia Healthcare (Nasdaq: ACHC) has formed a joint venture (JV) with Danville, Pennsylvania-based Geisinger Health System to build two new inpatient behavioral health facilities. The companies are putting a combined total of about $80 million toward the projects. The first of the two facilities will open next year in Moosic, […]

Lawyers: Biden Unlikely to Expand Parity to Include Medicare, But Other Behavioral Changes Probable

When President Joe Biden was elected, behavioral health stakeholders were hopeful he would tackle some of the industry’s most pressing issues, chiefly among them being parity.  Even though the Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA) requires issuers to make behavioral health coverage no more restrictive than medical coverage, payers frequently come […]

Biden Administration Outlines Plan to Increase SUD Treatment Access in First-Year Drug Policy Priorities

The Biden Administration has released its first-year drug policy priorities.  The agenda, released Thursday, includes seven main areas on which the administration says it will focus during its first year in office. Those priorities include increasing access to evidence-based SUD treatment, particularly for buprenorphine medication-assisted treatment (MAT); better enforcing behavioral health parity; improving racial equity; […]

Movers & Shakers: Autism Provider Hires New CEO; Happify Health Fills CFO Role

Happify Health adds investment banking veteran to management ranks New York-based digital behavioral health provider Happify Health has named Bilal Khan as its chief financial officer. Khan comes to Happify Health from Goldman Sachs, where he was vice president of investment banking for the firm in the San Francisco area, specializing in digital health care […]

Transactions: Sabra Expands Behavioral Portfolio; Autism Acquisitions with National Scale

Acorn Health acquires Sandcastle Centers Acorn Health — a national provider of applied behavior analysis (ABA) therapy — has acquired the assets of Sandcastle Centers, formerly known as JKP Analyst, which also provides ABA services. Financial terms of the deal were not disclosed. Founded in 2018, Acorn is a portfolio company of the private equity […]

Senators Introduce Legislation to Boost SUD Funding, Make Telehealth Flexibilities Permanent

A bipartisan group of U.S. senators has introduced legislation to increase the amount of federal funding aimed at combating the nation’s opioid epidemic, which has worsened since the onset of the coronavirus pandemic. On top of that, the new bill aims to make some COVID-19-era telehealth flexibilities permanent, among other changes. The legislation — the […]

AI-Delivered Support Shows Promise in Treating People Battling SUD

An artificial intelligence-powered app designed to help users manage their moods can also be helpful in the treatment of substance use disorder (SUD), according to a study recently published in the Journal of Medical Internet Research. The findings suggest artificial intelligence (AI) could play an important role in supplementing and improving SUD treatment in the […]