Last year was a busy one for transactions in the addiction treatment services market, with few in the industry as active as Discovery Behavioral Health (DBH), a portfolio company of Webster Equity Partners. Based in Los Alamitos, California, DBH is led by CEO John Peloquin, who helped strengthen the company’s already firm market foothold in […]
Opened NAMI chapter opens new center The National Alliance on Mental Illness (NAMI) chapter in Sandusky County, Ohio has opened a drop-in center in Fremont. The clinic will be open for three hours a day and will have mental health professionals available to provide consultation services, as reported by Toledo TV station WTOL. The new […]
Expanding medication-assisted treatment (MAT) for opioid use disorder (OUD) and combating the resurgence of meth are currently top priorities for the U.S. Department of Health and Human Services (HHS), according to Admiral Brett Giroir, assistant secretary for health at HHS. Giroir shared those goals and others during a Tuesday presentation at the 2020 CMS Quality […]
Sabra Health Care REIT (Nasdaq: SBRA) is doubling down on its interest in behavioral health, especially addiction treatment, but don’t expect to see a whirlwind of deals just yet. “Our current acquisition pipeline is just under $1 billion,” CEO Rick Matros said Monday during the company’s fourth-quarter and year-end earnings call. “It’s still primarily senior […]
A drop in drug-related overdose deaths has the average American life expectancy back on the rise after years on the decline. Life expectancy in the country rose from 78.6 in 2017 to 78.7 in 2018, according to a recent report by the Centers for Disease Control and Prevention (CDC). At the same time, deaths by […]
Most behavioral health providers agree it’s a good thing: The federal government continues to funnel more money into behavioral health initiatives, such as fighting the opioid epidemic and funding certified community behavioral health clinics (CCBHC). But as providers find themselves with more federal dollars, they’re also more likely to face increased scrutiny over their practices, […]
CEO Andrew McWilliams took the helm of AAC Holdings (OTC: AACH) at a time when many people would have jumped ship. In fact, last year, several company leaders did just that, with exits from president and COO Michael Nanko and four board members. The parent company of American Addiction Centers also suffered its share of […]
The co-founder of a Pennsylvania addiction rehab center has pleaded guilty to conspiracy to commit health care fraud for his role in an “elaborate” insurance scheme, according to the U.S. Department of Justice (DOJ). The scheme fraudulently billed insurers for more than $100 million, local newspaper The Intelligencer reported. Defendant Branden Coluccio entered the plea […]
Opened CARD opens new facility Woodland Hills, California-based Center for Autism and Related Disorders (CARD), one of the largest national autism treatment providers, has opened a new facility in Gilbert, Arizona, southeast of Phoenix. The organization, which provides applied behavioral analysis (ABA) therapy to individuals of all ages, operates 10 locations in Arizona, including the […]
Odyssey Behavioral Healthcare names new president, COO Brentwood, Tennessee-based Odyssey Behavioral Healthcare, which provides a variety of treatment services at centers in seven states, has named Richard Clark as president and COO. Clark has more than 30 years of experience in health care, most recently serving as president of the Western Group for Franklin, Tennessee-based […]
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