Substance use disorder (SUD) treatment provider BayMark Health Services has acquired Granite Recovery Centers, a Salem, New Hampshire-based operator of residential treatment facilities and sober homes. The deal expands BayMark’s sizable footprint across North America, as it operates over 300 facilities in 35 states and three Canadian provinces. Headquartered in Lewisville, Texas, BayMark is backed […]
Category: Substance Use
Middle market-focused private equity firm FFL Partners and Two Sigma Impact announced Tuesday that they have acquired majority ownership in addiction treatment provider Community Medical Services (CMS). San Francisco-based FFL and Two Sigma Impact – which is a division of New York-based hedge fund Two Sigma – are purchasing the stake from Clearview Capital, which […]
Two Missouri behavioral health organizations are joining forces as Springfield-based Burrell Behavioral Health has acquired Comprehensive Mental Health Services (CMHS), which is based in Independence. Burrell Behavioral Health, which was founded in 1977, is the second largest behavioral health provider in Missouri, employing more than 500 clinicians and serving over 40,000 clients across 25 counties […]
Spero Health opens doors to two new locations Substance use disorder (SUD) treatment provider Spero Health has expanded its footprint with two new locations in Ohio and Virginia. Spero’s Ohio clinic is located in Akron, in the eastern part of the city, and offers in-person and telehealth services. The clinic accepts most commercial insurances as […]
Addiction treatment provider Eleanor Health Inc. revealed Thursday it has partnered with Point32Health to better support the behavioral and physical needs of its Medicaid members. Waltham, Massachusetts-based Eleanor Health collaborated with Point32Health to develop a value-based program built on population health that provides comprehensive care to members of Point32Health’s beneficiaries covered by Tufts Health Plan’s […]
Digital-enabled opioid use disorder treatment provider Ophelia Health Inc. raised $50 million in a Series B funding round. The New York City-based company announced Tuesday that Tiger Global Management LLC, also based in the Big Apple, led the round which also saw participation from Good Friends, Menlo Ventures, General Catalyst, Refactor Capital, 640 Oxford Ventures, […]
Addiction treatment provider BrightView Health is deepening its footprint in Virginia with the acquisition of Virginia Beach-based Right Path Addiction Treatment Centers. Right Path operates five clinics in eastern Virginia, which are located in Richmond, Chesapeake, Newport News, Suffolk and its homebase of Virginia Beach. The provider offers medication-assisted treatment (MAT) drugs such as buprenorphine […]
Since the beginning of 2021, Sacramento, California-based Mindpath Health has been making a play towards becoming a behavioral health provider with a national reach. After a year of building its profile through de novos and facility purchases, the company has more expansion plans on the horizon for 2022. This May, the company established a foothold […]
Oceans Healthcare breaks ground on new hospital Oceans Healthcare is breaking ground on a new behavioral health hospital in Lubbock, Texas that is scheduled to open next fall. Oceans Behavioral Hospital Lubbock — which will provide inpatient and intensive outpatient treatment for adults and seniors — will house 32 beds and employ a staff of […]
With less than a month to go before the beginning of 2022, Mindpath Health shows no signs of letting up on the expansion front. The behavioral health provider announced it has acquired four outpatient addiction treatment offices in Ohio from Vertava Health. Terms of the deal, which was announced Wednesday, were not disclosed. The Ohio […]
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