Autism deals accounted for nearly half of all behavioral health transactions in the third quarter of 2019, according to data from mergers and acquisitions advisory firm Mertz Taggart. Eight of the quarter’s 19 behavioral health deals can be attributed to autism and applied behavioral analysis (ABA) service providers. Private equity platforms are among the largest […]
AAC Holdings Inc. (OTC: AACH), the parent company of American Addiction Centers, continued its attempt to cut costs and mitigate financial troubles in the third quarter of 2019. In Q3, it cut operating expenses by $23 million, or 28%, compared to the same quarter a year prior. However, the company still reported a loss of […]
While opioid addiction dates back several decades, the phenomena only evolved into an epidemic in recent years. Since 2000, opioid overdose deaths have increased by about 200%, according to the American Association of Addiction Psychiatry. And in 2017 alone, nearly 48,000 people died from opioid overdose, according to the Centers for Disease Control and Prevention […]
A former corporate retreat complex in Indiana has been turned into an addiction treatment center, according to the News and Tribune. Summit Behavioral Healthcare officially opened the Henryville, Indiana-based facility last month. Named Wooded Glen Recovery Center, it will be the company’s first residential treatment center in the state. Franklin, Tennessee-based Summit BHC operates a […]
It’s impossible to know just how much the U.S. loses every year to health care fraud, with estimates ranging from 3% to 10% of the annual health care expenditure. Similarly, it’s unclear just how much of that fraud exists within the behavioral health care sector. However, one thing leaders in the space and legislators at […]
A first-of-its-kind Medicaid demonstration project aimed to improve care for beneficiaries with serious mental illness (SMI) and/or serious emotional disturbance (SED) has been approved in Washington, D.C. The Centers for Medicare & Medicaid Services (CMS) announced the approval of D.C.’s Section 1115 Medicaid waiver Wednesday. It quite literally waives federal rules that typically prevent Medicaid […]
The opioid epidemic cost the U.S. an estimated $696 billion in 2018 alone — and more than $2.5 trillion total from 2015 to 2018, according to new estimates from the White House Council of Economic Advisers (CEA). The White House released those numbers last week, demonstrating the continued importance of substance abuse treatment facilities nationwide. […]
Although Sabra Health Care REIT (Nasdaq: SBRA) only made its first investment in the addiction treatment sector in the third quarter of 2019, company leaders are optimistic they’ll dive deeper into the space in the future. “We’re working on some other opportunities there as well,” Sabra CEO Rick Matros told investors Thursday on the company’s […]
For decades, behavioral health care was shrouded in stigma, making effective services hard to come by — and pay for. But now, need, payment and technology are aligning to make behavioral health care services more accessible than ever before. In many ways, that’s a good thing: It means more people can successfully address issues related […]
The number of Medicaid beneficiaries receiving medication-assisted treatment (MAT) to fight opioid use-disorder (OUD) is growing — but significant barriers to access remain. Between 2013 to 2017, the number of Medicaid prescriptions for MAT medications boomed, tripling for one drug — buprenorphine — and quadrupling for another — naltrexone. Despite the spike, 56% of beneficiaries […]
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