Banyan Treatment Centers Taps New CEO to Lead Its Next Growth Phase

Banyan Treatment Centers’ new CEO, John Sory, is tasked with leading the organization through its next growth phase.  Sory succeeds Joe Tuttle, the founder of the Pompano Beach, Florida-based addiction treatment provider. Tuttle will step into a board director role after a transition period. Sory takes on the CEO role, effective July 17. Sory’s appointment […]

TPG Capital Makes ‘Significant Investment’ in Banyan Treatment Centers

Private equity firm TPG Capital has made a “significant investment” in mental health and substance use disorder (SUD) provider Banyan Treatment Centers. The terms of the deal were not disclosed. Banyan Treatment Centers has over 20 facilities across Massachusetts, Pennsylvania, Delaware, Illinois, Florida, Texas, California and Alaska. Its services include detox, residential, partial hospitalization, intensive […]

Banyan Treatment Centers Launches New Program for Eating Disorders

Banyan Treatment Centers formed its first eating disorder treatment program, announcing last week that it rolled out at a Banyan site in Langhorne, Pennsylvania. While presently limited to one facility, the Pompano Beach, Florida-based addiction treatment and mental health provider’s approach calls for providing a full spectrum of treatment to meet a patient’s individual needs. […]

Pipeline: Spero, SaVida Add New Treatment Centers; Caravel Deepens Footprint in Illinois

Banyan Treatment Centers opens first Texas location Banyan Treatment Centers has opened its newest facility in Waelder, Texas. Located in the southeastern part of the state, Banyan Texas is a 70-acre facility that provides drug and alcohol detoxification and residential addiction treatment services. The services are geared toward dual diagnosis patients struggling with addiction and […]

Pipeline: Hopebridge Continues Expansion; RCA’s New Facilities

Hopebridge announces six new centers  Hopebridge Autism Therapy Centers will open six new locations in the Denver, Colorado area, starting in October. All of the autism therapy centers will be open by February 2021. Indianapolis-based Hopebridge — which is backed by Arsenal Capital Partners, a private equity (PE) firm based in New York City —  […]