Spero Health — a privately held substance use disorder treatment (SUD) provider with dozens of locations across five states — has opened a new clinic in Martinsville, Virginia. The facility is the sixth new center Spero Health has announced since the COVID-19 emergency began in mid-March. It’s all part of the provider’s plan to offer […]
Category: Substance Use
Mt. Laurel, New Jersey-based substance use disorder (SUD) treatment provider Pinnacle Treatment Centers has acquired HealthQwest, a medication-assisted treatment (MAT) provider serving the state of Georgia. The deal is Pinnacle’s first in the state. Financial terms of the transaction were not announced. Pinnacle offers comprehensive addiction treatment service to nearly 31,000 patients per day across California, […]
Employers must accommodate some workers’ opioid use disorder (OUD) treatment, according to new guidance from the Equal Employment Opportunity Commission (EEOC) on the rights of opioid users under the Americans with Disabilities Act (ADA). It all comes down to whether the drugs are being used illegally or legally. If employees are using opioids illegally, their employment […]
Nearly 41% of U.S. adults reported struggling with their mental health or substance use in late June, according to a new study from the Centers for Disease Control and Prevention (CDC). The COVID-19 emergency is largely to blame. The coronavirus has caused unemployment to spike. On top of that, social distancing guidelines and stay-at-home orders […]
Integrated Behavioral Health (IBH), a provider of employee assistance programs (EAP) and behavioral health services, has acquired Claremont EAP. Financial terms of the deal were not disclosed. Irvine, California-based IBH provides managed behavioral health care and integrated employee assistance programs to employers, health plans and other organizations. Meanwhile, Alameda, California-based Claremont EAP provides employee assistance […]
Discovery Behavioral Health, a portfolio company of Webster Equity Partners, has opened two new adolescent mental health centers. One of the centers will offer outpatient treatment to children and adults, at both the partial hospitalization and intensive outpatient levels of care. The other will offer residential treatment for adolescents ages 10 to 18, treating no […]
While it’s relatively easy to deliver mental health counseling remotely using telehealth, addiction treatment providers face more unique challenges in light of COVID-19. For those in substance use disorder (SUD) recovery, in-person touch points are especially important. Social contact helps reduce a person’s risk of relapse, and many people with SUD rely on the assistance […]
Quit Genius, a San Francisco-based digital provider of addiction treatment services, has raised $11 million in Series A funding, the company recently announced. The money brings the company’s total funding raised up to $13.6 million, according to the fundraising tracking website Crunchbase. The round was led by British venture capital firm Octopus Ventures. Founded in […]
In spite of massive bipartisan legislation passed by Congress in 2018 to address the nation’s opioid use disorder (OUD) epidemic and cut down on illegitimate practices, the Department of Justice (DOJ) hasn’t prosecuted a single “body-brokering” case. In the addiction treatment industry, body-brokering occurs when people — body brokers — seek out individuals with substance […]
In light of COVID-19, Acadia Healthcare (Nasdaq: ACHC) has temporarily suspended the sale of its U.K. business. Executives previously hinted proceeds from the sale would be used to help grow the U.S. arm of the business. While interest from potential buyers remains strong, the Franklin, Tennessee-based behavioral health provider will pause the sales process until […]
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