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 […]
Psychiatric hospitals are buckling under decades of financial pressure that increased following the onset of the pandemic. Discriminatory regulations, challenging payer relations and inflation have placed several psychiatric hospitals in untenable positions. A spate of facility closures in 2023 demonstrates that the pressure is proving too much. Industry insiders say that systemic changes can’t come […]
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