Funding Roundup: Connections Scores $30M in Growth Funding; Tele-health SUD Treatment Company Raises $16M

Crisis stabilization company raises $30M in growth funding Connections Health Solutions, a Phoenix-based crisis stabilization company, has raised $30 million in growth financing from the private equity firm Heritage Group. The funding will help fuel the national expansion of Connections’ behavioral health crisis services model, the company said. Connections operates two Arizona centers — one […]

Battery Ventures Launches Software Platform for Behavioral Health Providers

Battery Ventures, a global investment firm with a background funding health care startups, has announced the creation of a new technology platform to help behavioral health and human services providers improve their operational efficiencies. The new company, Behavioral Holdings, is a cloud-based software platform designed for mental health centers and special education organizations, as well […]

Transactions: Acadia’s Latest Deal; New ABA Acquisitions

Acadia to purchase Adventist Health Vallejo’s behavioral services  Adventist Health Vallejo — a 61-bed psychiatric facility — has signed a definitive agreement to sell the hospital and its behavioral health services to Acadia Healthcare (NASDAQ: ACHC) — one of the nation’s largest behavioral health providers. Financial terms of the deal were not disclosed. Based in […]