Caron Treatment Centers has spent much of its 60-plus-year lifespan making a name for itself as a private pay substance use disorder (SUD) treatment provider. But in recent years, the not-for-profit broke into the insurance market in a big way: These days, about 80% of its patients are covered by commercial payers, according to Caron’s […]
As demand for behavioral health care is growing, so too is investor interest in the space. That’s especially true on the private equity (PE) front. In fact, behavioral health dealmakers predict PE buyers will help fuel record levels of M&A in 2021. Among those active PE players is Council Capital. Headquartered in Nashville, Tennessee, Council […]
Acadia Healthcare (Nasdaq: ACHC) recently launched a new suicide prevention pilot targeted at outpatient opioid use disorder (OUD) patients. While the program is currently only being tested in 15 of the provider’s 135 comprehensive treatment centers (CTC), Chief Medical Officer Michael Genovese said the program is indicative of the behavioral health giant’s larger-scale priorities. “All […]
Months after nixing a last-minute waiver issued by the outgoing Trump Administration to relax rules around treating opioid use disorder (OUD), the Biden Administration has announced new medication-assisted treatment (MAT) flexibilities of its own. The guidelines, which were issued Tuesday by the Department of Health and Human Services (HHS), automatically allow various clinicians to administer […]
Substance use disorder (SUD) continues to take a deadly toll, as new data shows a double-digit increase in the number of overdose deaths nationwide. According to provisional counts from the Centers for Disease Control and Prevention (CDC), a record 87,203 Americans died from drug overdoses in the 12-month period ending September 2020. The number was […]
PursueCare — a Middletown, Connecticut-based provider of virtual medication-assisted treatment (MAT) services — has raised $7 million in an oversubscribed Series A2 funding round led by OCA Ventures, Seyen Capital, Wasabi Investors and other health care investors. The round brings PursueCare’s total funding raised up to $12.8 million, according to the fundraising tracking website Crunchbase. […]
SPG acquires Child Counseling & Behavior Therapy Clinic SPG, an autism services provider that’s a portfolio company of the private equity firm Ridgemont Equity Partners, has acquired Child Counseling & Behavior Therapy Clinic, an applied behavior analysis (ABA) company based in Southern California. Financial terms of the deal were not disclosed. Headquartered in Walnut Creek, […]
When it comes to the nation’s $42 billion dollar substance use disorder (SUD) treatment market, services are naturally the focal point of most businesses. But providers can’t offer those services at scale without the help of payers, who have the power to make treatment more affordable and accessible to the masses. That’s why Landmark Recovery […]
Ophelia, a New York-based provider of virtual opioid use disorder (OUD) treatment services, has landed $15 million in Series A funding. The round, which the company announced Thursday, was led by Menlo Ventures. Other investors include Y Combinator, General Catalyst and Refactor Capital, as well as the founders of Harry’s, Warby Parker, PillPack, Allbirds, Carbon […]
Hopebridge deepens footprint in Southwest Hopebridge Autism Therapy Centers has announced the addition of six locations in Arizona. The new centers are located in Flagstaff, Mesa, North Tucson, Phoenix Central, Surprise and Tempe. They bring the provider’s total number of facilities in the state up to 12. Headquartered in Indianapolis, Hopebridge is one of the […]