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 […]
Category: Substance Use
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 […]
The Trump administration has launched a new website designed to make it easier for Americans to find reputable addiction treatment options. The White House unveiled the website, FindTreatment.gov, on Wednesday. The tool helps users sort through a directory of addiction treatment providers that is kept by the Substance Abuse and Mental Health Services Administration (SAMSHA). […]
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 […]
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 […]
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