Hazelden Betty Ford CMO retiring Hazelden Betty Ford Foundation Chief Medical Officer Marvin Seppala will be retiring at the end of this year, the nonprofit substance use disorder (SUD) treatment provider has announced. A psychiatrist by training, Seppala originally joined Hazelden in 1995 as its first full-time physician. During his time at the organization, he […]
Category: Substance Use
Despite a brief pandemic-related M&A slowdown last year, behavioral health deals picked up to close out 2020 on a record-breaking high note. And 2021 is poised to break that record again, with experts anticipating that behavioral health transactions will reach an all-time high this year. The increased M&A volume means heightened regulatory attention for the […]
Virtual addiction treatment platform Quit Genius has raised $64 million in an oversubscribed Series B round, the company announced Monday. The round was led by European investment firms Kinnevik and Atomico. Octopus Ventures, Triple Point Ventures and Startup Health — all of whom contributed to Quit Genius’ Series A round last year — also participated. […]
Caravel Autism Health expands footprint Caravel Autism Health has opened a new facility in Geneva, Illinois. The center is located west of Chicago and provides applied behavior analysis (ABA) services to children ages 2 to 18. ABA is widely considered to be a gold standard of autism care. Owned by the private equity and venture […]
One month after private equity platform Onex Partners agreed to acquire a majority stake in Newport Healthcare, the deal is now officially done. The Toronto-based Onex Corporation — a financial investment firm that oversees Onex Partners — announced Tuesday it had completed its purchase in Newport, a behavioral health provider for teens, young adults and […]
Monte Nido purchases treatment provider Eating disorder treatment provider Monte Nido & Affiliates has announced that it has purchased Waltham, Massachusetts-based Walden Behavioral Care. Financial terms of the deal were not disclosed. Founded in 2003, Walden provides eating disorder treatment and psychiatric care for children, teens and adults at facilities in Massachusetts, Connecticut and Georgia. […]
BRC Healthcare is entering the Nashville, Tennessee market with the acquisition of four affiliated facilities for an undisclosed amount. The four locations include Nashville Recovery Center (NRC), NRC Clinical, Nashville Detox Center and Tennessee Recovery Clinic. Co-founders Ryan Cain and Darren Hobbs established the four companies in 2018 and are coming aboard BRC in management […]
In a combination of Maryland-based addiction treatment providers, Burtonsville-based Kolmac Outpatient Recovery Centers has completed a merger with Concerted Care Group (CCG), which is headquartered in Baltimore. Terms of the deal were not announced. Founded in 1973, Kolmac operates 13 locations across Washington, D.C., Maryland, Virginia and Pennsylvania, providing services including psychosocial assistance and medication-assisted […]
Amid pervasive workforce shortages and a growing demand for services, Optum Behavioral Health is working to reimagine the way behavioral health care is delivered. CEO Katherine Hobbs Knutson, who joined the company about a year ago, is leading the charge. “That divide between … what exists in the field versus what people actually have access […]
As the nation continues to hit record numbers of overdose deaths due to substance use disorder (SUD), women are enduring unpleasant experiences in scheduling appointments for opioid addiction treatment. That’s according to a new qualitative analysis published in the journal Women’s Health Issues, which draws on more than 18,000 comments from secret shoppers who sought […]