Deadly drug overdoses hit a record high in 2020, killing more than 93,000 people in the U.S., according to preliminary data released by the Centers for Disease Control and Prevention (CDC) in July. Now, a shortage of naloxone — a drug that reverses opioid overdoses — could make the problem even worse. Pfizer is at […]
Category: Substance Use
Crisis stabilization company raises $30M in growth funding Connections Health Solutions, a Phoenix-based crisis stabilization company, has raised $30 million in growth financing from the private equity firm Heritage Group. The funding will help fuel the national expansion of Connections’ behavioral health crisis services model, the company said. Connections operates two Arizona centers — one […]
Nationwide telehealth utilization picked up again in May after three straight months of declines. Mental health conditions and substance use disorder (SUD) represented a significant portion of the telehealth uptick. Telehealth was used more for mental health conditions than any other medical diagnosis in May, according to the nonprofit health data organization FAIR Health, which […]
Talkspace adds chief growth officer The virtual behavioral health provider Talkspace (Nasdaq: TALK) has appointed Erin Boyd as the chief growth officer of its Enterprise organization. The chief growth officer role is a newly created one for the New York-based company. Boyd comes to the position from Cigna (NYSE: CI), where she was a solutions […]
As overdose deaths have spiked amid the pandemic, Congress has authorized billions of dollars in the fight against substance use disorder (SUD). While the funding has been lauded by many for its potential to improve treatment access, others argue the federal government still hasn’t done enough to help the minority communities hardest hit by SUDs. […]
Hazelden Betty Ford’s virtual expands into four new states Hazelden Betty Ford Foundation continues to grow its telehealth footprint, as the provider has expanded its RecoveryGo tool into four additional states. RecoveryGo provides insurance-eligible tele-substance use disorder (SUD) services to individuals and groups through virtual intensive outpatient programs (IOP). Hazelden Betty Ford, the nation’s largest […]
Amwell acquires two virtual health care companies After hinting last year at its intentions of acquiring a behavioral health startup, Amwell (NYSE: AMWL) has acquired two virtual care providers, one of which specializes in mental health. The Boston-based telehealth company announced that it has purchased SilverCloud Health and Conversa Health for a combined $320 million. […]
In late April, the Biden Administration announced new flexibilities to make it easier for eligible clinicians to prescribe the medication-assisted treatment (MAT) drug buprenorphine. The changes allow doctors and certain clinicians registered by the U.S. Food and Drug Administration (FDA) to automatically administer buprenorphine to up to 30 patients at a time. Previously, clinicians had […]
The behavioral health and substance use disorder (SUD) treatment provider Summit BHC is reportedly up for auction. The private equity firms Lee Equity Partners and FFL Partners — which own controlling stakes in the Franklin, Tennessee-based company — are currently searching for a buyer, sources told PE Hub in a story published Thursday. Global investment […]
Caravel opens new center Caravel Autism Health has opened a new center in Meridian, Idaho. It adds to Caravel’s other locations in the state, which are based in Boise and Nampa. Overall, Caravel has more than 40 locations throughout Illinois, Wisconsin, Minnesota, Washington, Iowa and Idaho. It is owned by the private equity and venture […]
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