PE-backed Health Connect America acquires Specialized Youth Services of Virginia Health Connect America Inc., a Palladium Equity Partners-backed platform, continues its behavioral health M&A expansion efforts with its sixth add-on investment since August 2021. At that time, New York City-based Palladium acquired Franklin, Tennessee-based Health Connect America from Harren Equity Partners. Its latest target, Petersburg-based […]
Lawmakers have introduced a new bill that, if passed, would extend funding for electronic health records (EHRs) and other technologies to behavioral health providers. Behavioral health providers have been slower to adopt EHRs and other technologies than physical health providers. A big reason for that is behavioral health providers were left out of the 2009 […]
Traditional nonprofit health systems have seen an enormous uptick in behavioral health patients. In turn, they are struggling to keep up with the demand. At the same time, many behavioral health providers are looking to grow their geographical footprint. As a result, health systems and behavioral health providers are eying more joint venture partnerships than […]
Acadia Healthcare Co. Inc. (Nasdaq: ACHC) faces an enormous jury award in a civil case involving the sexual abuse of a child. On July 7, a jury in Rio Arriba County, New Mexico, awarded the child, known only as G.S., and her guardians $485 million in damages. Acadia Healthcare and its affiliate, the now-defunct Youth […]
Monte Nido hires new COO Giulia Peterlongo has begun her new role as the chief operating officer at eating disorder provider Monte Nido & Affiliates. Before joining Monte Nido, Peterlongo worked for DaVita Kidney Care for almost seven years, recently serving as division vice president. She previously served as a health care specialist at McKinsey […]
As the rest of health care rapidly adopts new technological advances and data-use methods, many behavioral health providers are still using paper health records. Case in point: Less than half of behavioral health providers use electronic medical records. That’s a problem, some warn, because the lack of EMRs could hinder the industry from adopting cutting-edge […]
Mount Sinai Health System opens $140M behavioral health center in New York City Mount Sinai Health System announced June 8 the opening of the $140-million behavioral health facility meant to be a one-stop-shop for integrated behavioral health and primary care needs. The system touts the facility as the largest private investment in behavioral health services […]
Acadia Healthcare Co. Inc. (Nasdaq: ACHC) will continue its steady growth as behavioral health patient acuity increases. On Wednesday, Acadia Healthcare CEO Chris Hunter and outgoing CFO David Duckworth described the company’s expansion plans during an appearance at the 2023 Jefferies Global Healthcare Conference. In short, Franklin, Tennessee-based Acadia, has positioned itself as a key […]
Behavioral health giant Acadia Healthcare Company (Nasdaq: ACHC) has named Walgreens and Aetna vet Heather Dixon its new chief financial officer. This comes as David Duckworth announced he would leave the position after over a decade. As CFO, Dixon is tasked with supporting Acadia in its long-term growth plan to diversify its services and revenue. […]
Acadia Healthcare Co. Inc. names new C-suite member Franklin, Tennessee-based Acadia Healthcare Co. Inc. (Nasdaq: ACHC) named Judith Scimone its chief human resources officer. She will report to company CEO Chris Hunter. In her new role, she is tasked with developing and advancing Acadia Healthcare’s people strategy and helping it become the “premier employer of […]
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