Sevita Names UnitedHealth Group Veteran Philip Kaufman to CEO Role

Sevita – one of the largest providers of community-based and in-home care services for people with intellectual and developmental disabilities (I/DD) in the nation – has named a new CEO. The company, formerly branded as The Mentor Network, announced Philip Kaufman’s appointment to the top executive position on Monday. A long-time UnitedHealth Group (NYSE: UNH) […]

Mindpath Health to Leave Ohio, Lay Off Workers as Part of Restructuring

Hybrid mental health company Mindpath Health will close its offices in Ohio and lay off an undisclosed number of employees. The Denver-based company announced the move internally on Jan. 17, describing the measure as an “organizational restructuring.” A Mindpath Health representative declined to confirm the number of roles impacted.  “This decision is typical of other […]

Mindpath’s Potential Acquisition of Talkspace Fails to Materialize

Talkspace Inc. (Nasdaq: TALK) and Mindpath Health were reportedly in deal negotiations that are now defunct.  As reported by Axios Pro, Mindpath Health, a Sacramento, California-based outpatient mental health clinic operator, approached the New York City-based virtual-only behavioral health provider with a takeover bid. No deal materialized. A representative of Talkspace declined to comment on […]

Madison Dearborn to Buy 25% of Sevita at Roughly $3B Valuation

Chicago-based private equity firm Madison Dearborn Partners LLC will acquire a 25% stake in Boston-based Sevita Health, according to a report from Axios Pro. If the deal goes through Madison Dearborn Partners will join New York City-based Centerbridge Partners LP and Chicago-based Vistria Group LP as investors. Sevita, formerly The Mentor Network, provides community-based and […]

Sevita Health Minority Stake Sale Reportedly in the Works With $3B+ Valuation

Owners of Boston-based Sevita Health apparently want to sell a minority stake in the community-based and in-home care service company for people with intellectual and developmental disabilities (I/DD). reports that New York City-based Centerbridge Partners LP and Chicago-based Vistria Group LP are seeking to sell a stake in the company and value it at […]

Sevita Acquires Good Neighbor and More, Continues Aggressive Growth

Sevita — a provider of community-based specialized health care —announced the acquisition of Good Neighbor, a Richmond, Virginia-based provider of services for people with intellectual and developmental disabilities. According to a news release, the acquisition reaffirms Sevita’s “renewed focus” to provide access to whole person care and in turn expands its “Community Support Services” operating […]

Community Psychiatry Doubles Facility Count, Becomes Bi-Coastal With Latest Acquisition

Community Psychiatry, which provides outpatient behavioral health services at over 40 locations throughout its home state of California, has started to realize its nationwide expansion ambitions with the purchase of Durham, North Carolina-based MindPath Care Centers. The acquisition more than doubles Community Psychiatry’s facility count and establishes its presence in the Southeastern U.S. Terms of […]

Movers & Shakers: Centerstone’s New CEO Hire; C-Suite Additions at Spring Health, Hurdle

Hurdle fills VP, C-suite positions Digital mental health provider Hurdle has hired Krystle Herbert as its vice president of clinical affairs. In the role, Herbert will be responsible for overseeing and supporting clinical operations, clinical policy development and compliance, as well as clinical quality care and organizational scaling efforts. Herbert was most recently the COO […]

Former Dialysis CEO Takes the Reins of Community Psychiatry, Eyes Nationwide Expansion

In the past month, Community Psychiatry, a California-based provider of outpatient behavioral health services, has completely revamped its executive team. New private equity ownership has brought aboard a new chief growth officer, a new COO, a new CFO and, most importantly, a new chief executive to transform the company from a regional provider into one […]