Pipeline: Kindred’s Latest Behavioral Project; RCA, Odyssey Add Multiple New Locations

Kindred enters JV to add new behavioral, rehabilitation hospital Kindred Healthcare has entered into a joint venture with Antelope Valley Hospital to build and operate a new hospital in northern Los Angeles County. The 125,000-square-foot facility will have 96 behavioral beds and 25 acute inpatient rehabilitation beds. Headquartered in Louisville, Kentucky, Kindred is a specialty […]

Bill to Help Behavioral Providers Treat Incarcerated SUD Patients Heads to Trump’s Desk

The U.S. House of Representatives has passed new legislation that would provide more aid and resources for care coordination efforts between community mental health and addiction treatment centers and local law enforcement agencies. The move comes about a month after the Senate passed the bill, called the Crisis Stabilization and Community Reentry Act. Now, the […]

Virtual SUD Treatment Startup Workit Health Raises $12M

Workit Health, a virtual rehab startup, has raised $12 million in Series B funding. That brings the telemedicine company’s total funding raised up to $20 million, according to the fundraising tracker website Crunchbase.  FirstMark Capital led the investment round. Lux Capital, GingerBread Capital and Blue Cross and Blue Shield Venture Partners also participated, as did […]

Transactions: Kelso Partners with Refresh Mental Health; Summit BHC’s Latest Acquisition

Kelso acquires majority stake in Refresh Mental Health Kelso & Company, a North American-focused middle market private equity firm, has acquired a majority stake in Refresh Mental Health, an outpatient mental health provider. Kelso did so in partnership with Refresh management. Terms of the deal were not disclosed. Kelso purchased its stake from Lindsay Goldberg, […]

AAC Completes Financial Restructuring

Six months after filing Chapter 11 bankruptcy, American Addiction Centers (AAC) has completed its financial restructuring process, the company announced Monday.  During that time, AAC reduced its debt by about $500 million, setting the provider up for its “next phase of growth.” The ultimate goal is to continue serving people suffering from substance use disorder […]

SUD Providers Could Face Financial Failure in 2021, Industry Executives Predict

The COVID-19 emergency has only exacerbated the nation’s substance use disorder (SUD) crisis, which was already a national emergency in and of itself. Amid the coronavirus, overdose deaths have spiked, with the nation seeing about a 10% increase in fatalities in the first three months of the year, according to the Centers for Disease Control […]

Movers & Shakers: Ocean Recovery Hires New COO; Odyssey Behavioral Healthcare’s Executive Changeups

Ocean Recovery adds new COO Ocean Recovery — a Newport Beach, California-based addiction and eating disorder treatment center — has hired a new COO. Cade Saurage stepped into the role this November. He has more than 19 years of industry experience. Before becoming COO of Ocean Recovery, Saurage spent eight years serving as the director […]

Spero Health, Cordant Health Solutions Make Naloxone Part of MAT with New Initiative

Spero Health and Cordant Health Solutions have teamed up to make the overdose-reversing drug naloxone, also known as Narcan, a normal part of medication-assisted treatment (MAT). The initiative is already showing promising results, the companies announced in a press release. Headquartered in the Nashville area, Spero Health is one of the nation’s largest office-based opioid […]