The federal government is signaling big moves around deregulating medication-assisted treatment (MAT). Key federal stakeholders have indicated reforms are a top priority going forward. Already, the House of Representatives passed the Restoring Hope for Mental Health and Well-Being Act, potentially clearing the way for easier prescribing of methadone and buprenorphine. If realized, the changes to […]
Addiction treatment provider Eleanor Health announced Monday the expansion of its leadership team. The additional executives will aid in the company’s market expansion and the growth of its business and care delivery model. Eleanor Health is built around value-based care reimbursement and population health. The Waltham, Massachusetts-based addiction care and mental health provider announced the […]
Groups Recover Together revealed a new care model it calls “technology-assisted treatment.” On Tuesday, the opioid-use disorder (OUD) treatment provider said it struck three deals with tech companies to make it happen. One is Owl Labs, a Boston-based business collaboration technology company. The company has not named the two other partners. The new tech-heavy model […]
Sabra Health Care REIT Inc. (Nasdaq: SBRA) is looking to expand its operator partnerships in behavioral health, especially in the addiction treatment space. Leaders of the Irvine, California-based real estate investment trust (REIT) said on a Tuesday third-quarter earnings call that behavioral health was a major investment sector for Sabra, right behind senior housing. “We […]
Mental health operator Acadia (Nasdaq: ACHC) is furthering its foothold in the comprehensive treatment center (CTC) space with the acquisition of four new addiction care centers in Georgia. Acadia’s acquisition of Georgia-based Brand New Start Treatment Centers – announced Tuesday – brings the company’s total network of sites offering medication assisted treatment (MAT) to 148 […]
The growing demand for substance use disorder (SUD) services and the fragmented nature of the industry has made it prime for consolidation. Potential buyers prioritize reputation, quality and the ability to expand their geographical reach. Meanwhile, sellers want a transaction that keeps the integrity of their business intact, according to panelists at Behavioral Health Business’ […]
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. […]
Ark Behavioral Health, an addiction treatment provider, has raised at least $11 million of a $20 million funding round, according to public documents. A Securities and Exchange Commission filing reveals the Quincy, Massachusetts-based provider is seeking a mixture of equity and debt funding. It has secured investment from one undisclosed party, according to the filing. […]
Cincinnati-based addiction treatment provider BrightView Health has named Dr. R. Corey Waller as its new chief medical officer. The move also marks the transition of one of its founders to a new role with the company. Waller succeeds BrightView Health co-founder Dr. Shawn Ryan in the chief medical officer role. Ryan now has the title […]
Middle-market private equity firm Lee Equity Partners has acquired substance use disorder provider Bradford Health. The terms of the deal were not disclosed. The acquisition includes 40 substance abuse treatment and recovery centers in the Southeast U.S. Birmingham, Alabama-based Bradford Health was founded more than 40 years ago. It has centers in Alabama, Tennessee, Mississippi, […]
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