The New York Stock Exchange has started the process to delist AAC Holdings, Inc. (NYSE: AAC), the parent company of American Addiction Centers. The news comes after the NYSE suspended trading on the stock just a few days earlier. Both moves are a consequence of AAC falling below the NYSE’s continued listing standard. It requires […]
Category: Substance Use
The number of doctors in Montana prescribing medication-assisted treatment (MAT) has increased about 650% in just two years, according to the Montana Department of Health and Human Services (MDHHS). Back in January, 2017, the state had just over 20 MAT providers — but today, it has more than 130. MDHHS released those numbers in conjunction […]
Universal Health Services (NYSE: UHS) posted mixed results in the third quarter of 2019, with a large pain point being the hospital management company’s addiction treatment chain, Foundations Recovery Network. Year-over-year, revenue was up 6% in Q3 while net income was down about 43% for UHS. Based in King of Prussia, Pennsylvania, UHS has hundreds […]
As the demand for and use of behavioral health services continues to rise, so do the number of federal and state bills being introduced in an attempt to regulate the industry. Most recently, California Gov. Gavin Newsom signed two such bills into law — and vetoed two others — earlier this month. The new laws […]
Anthem will offer new coverage of a telehealth program proven to help people reduce or stop drinking. The program is offered by Ria Health, who is partnering with the insurer as a specialty provider, according to a press release announcing the news. San Francisco-based Ria Health is a telehealth company that specializes in alcohol treatment, […]
Los Angeles-based Discovery Behavioral Health has acquired Pasadena, Maryland-based New Life Addiction Counseling & Mental Health Services. Financial terms of the deal were not disclosed. Discovery Behavioral Health is a national provider of substance abuse, mental health and eating disorder treatment. The 21-year-old company offers residential, partial hospitalization and intensive outpatient services for teenagers and […]
The federal Substance Abuse and Mental Health Services Administration (SAMHSA) has proposed changes to the rules that govern substance use disorder (SUD) treatment records. The goal is to loosen certain restrictions in an effort to better coordinate patient care, especially for those being treated for opioid addiction. Specifically, the proposed rule, which was announced in […]
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