Acadia Healthcare Co. Inc. (Nasdaq: ACHC) has plans to grow its partial hospitalization programs (PHP) and intensive outpatient programs (IOPs). Acadia’s preparations to weather the Medicaid redetermination storm have paid off and is now seeking to expand its continuum of care to meet increased needs and drive growth, according to its Q3 earnings call. The […]
Acadia Healthcare
Acadia Healthcare Co. Inc. (Nasdaq: ACHC) has agreed to pay $400 million to settle three cases filed against the company and former subsidiary Youth and Family Centered Services of New Mexico, which also operated under the name Desert Hills, according to a public SEC filing. In July, a jury awarded $485 million in compensatory and […]
Demand for behavioral health services has skyrocketed in recent years, driving the need for providers and health systems to expand their geographic footprints. In the process, some are finding great success with joint venture partnerships. JV deals have become a key method to meet the rising need for behavioral health services, and hospital systems are […]
Substance use disorder providers caring for underserved populations could get a new boost in funding. Opioid manufacturers, distributors and other entities involved with the opioid epidemic will pay $56 billion over the next 10 to 20 years for their role in the crisis. That’s broken into several different settlement agreements, the largest being the $26 […]
Several behavioral health-focused public companies raised their earnings and revenue forecasts for 2023. Industry headwinds, including a more favorable workforce environment, the steady demand for services and payer rate increases, have led to several companies, including Talkspace Inc. (Nasdaq: TALK), LifeStance Health Group Inc. (Nasdaq: LFST) and Acadia Healthcare Co. Inc. (Nasdaq: ACHC) raising their […]
Now that behavioral health staffing has stabilized, Universal Health Services (NYSE: UHS) is focusing on its expansion efforts. And in the not-too-distant future, those efforts could include more medication-assisted treatment (MAT) services for addiction care. UHS has offered substance use disorder (SUD) treatment for years. But Steve Filton, the company’s CFO and executive vice president, […]
Acadia (Nasdaq: ACHC) is the country’s largest pure-play behavioral health provider — and it doesn’t plan to lose that title any time soon. Its ambitious growth strategy includes adding 300 beds per year, but recently, that number has been closer to 400 additional beds. And there is plenty of room to grow across the country, […]
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 […]
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