Fears for a sluggish 2023 may have been overblown. “Aggressive” deals are still being made, though they may be smaller than in years past. That’s according to industry insiders at Behavioral Health Business’ 2023 INVEST conference. Lenders and issues with access to capital drove lower transaction volumes in 2023, Kevin Taggart, managing partner at Mertz […]
Community Medical Services has named several new top-level executives from leading organizations to its management team and rolled out internal tele-mental health services. The Scottsdale, Arizona-based opioid treatment and mental health services provider has completed one phase of its development post-private equity investment and begins an expansion play that could see as many as 30 […]
Uncertainty around several COVID-era regulations and unresolved legislative questions has precipitated real world-impacts on behavioral health operators, especially addiction treatment providers. Specific questions around telehealth and the prescribing of controlled substances threaten the burgeoning crop of digital behavioral health operators that have thrived during the loosened regulations. Further, lingering questions about access to care via […]
The Centers for Medicare and Medicaid Services revealed new support for states to get behavioral health crisis intervention services to those experiencing mental health- or addiction-related crises in real-time. The American Rescue Plan Act of 2021, which became law in March, grants CMS new authority to provide states with additional funding and tools to enhance […]
Middle market-focused private equity firm FFL Partners and Two Sigma Impact announced Tuesday that they have acquired majority ownership in addiction treatment provider Community Medical Services (CMS). San Francisco-based FFL and Two Sigma Impact – which is a division of New York-based hedge fund Two Sigma – are purchasing the stake from Clearview Capital, which […]
Community Medical Services opens locations in Arizona, Wisconsin Scottsdale, Arizona-based Community Medical Services, which operates medication-assisted treatment (MAT) clinics in several states, has opened two new opioid treatment programs (OTPs), one in Phoenix, Arizona, and one in South Milwaukee, Wisconsin. The South Milwaukee location opened in October, and the Phoenix facility opened earlier this month. […]
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