The year 2023 saw several autism therapy organizations make dramatic — sometimes painful — adjustments to an evolving marketplace. And the landscape is set to shift even more heading into the new year. While the echoes of the coronavirus pandemic fade, inflation and stagnant payer rates put the squeeze on providers. On top of that, […]
The Center for Autism and Related Disorders (CARD) is now back under the leadership of its founder and former CEO. Doreen Granpeesheh and her business partner Sangam Pant acquired CARD out of bankruptcy in a deal involving a consortium made up of PE firm Audax Group and its portfolio companies. The deal — approved by […]
A bankruptcy court has approved the sale of the Center for Autism and Related Disorders (CARD). The “successful bid” has a $48.5 million price tag and comes from a pair of companies — Pantogran, an organization led by CARD founder and former CEO Doreen Granpeesheh, and a consortium made up of PE firm Audax Group […]
Hopebridge will end its applied behavior analysis (ABA) services and slash its footprint in Colorado due to the low Medicaid rate and rising operating costs. The Indianapolis-based autism therapy provider will close six out of eight locations, effective Aug. 11. The remaining two locations will only provide speech therapy and occupational therapy for children with […]
Industry insiders projected that 2023 would be a year of reckoning for autism treatment providers. The reckoning is here. Major platform companies have made significant stumbles, and workforce challenges still plague the industry. All the while, payers continue to hold out on raising reimbursement rates for most autism therapies. Instead, payers eye value-based care arrangements. […]
The Center for Autism and Related Disorders’ (CARD) bankruptcy doesn’t foreshadow a new level of doom and gloom for the industry as a whole. Although CARD is one of the largest companies operating in the space, it shouldn’t be used as a bellwether for autism therapy’s future outlook, several insiders told Behavioral Health Business. “I’d […]
The Center for Autism and Related Disorders has filed for Chapter 11 bankruptcy protections and entered into a stalking horse bid agreement with a group led by its founder and ex-CEO Doreen Granpeesheh. The news comes after months of rumors regarding CARD’s status, with multiple sources telling BHB they believed the company was exploring strategic […]
The year 2022 saw several growing pains and tough lessons in the behavioral health industry. Two years after the onset of a world-altering pandemic, the behavioral health industry saw adjustments and reactions to a lot of new developments. The industry did so while grappling with several of its chronic headaches such as workforce shortages and […]
One of the autism care industry’s largest providers has made some major changes to its leadership ranks. The Center for Autism and Related Disorders (CARD) named Jennifer Webster as its CEO on Wednesday. She replaces Tony Kilgore, who had been in the position since 2019 and resigned for undisclosed reasons. Webster has been with CARD […]
The Center for Autism & Related Disorders (CARD) is currently the largest autism treatment provider in the world, with 235 locations across 27 states. But the 30-year-old company wasn’t always the behemoth that it is today. In fact, CARD founder and executive director Doreen Granpeesheh attributes much of the company’s success to being in the […]
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