Discovery Behavioral Health has consolidated or closed around 14 to 16 locations as part of a retooling of the company in the face of severe market pressures. The provider plans to deemphasize its focus on legacy residential care and double down on its “consumer-direct approach,” Discovery Behavioral Health CEO John Peloquin told Behavioral Health Business. […]
After a tumultuous 2023, 2024 may be a steadier year for the behavioral health industry. While behavioral health deals slipped in 2023, Behavioral Health Business expects M&A to pick up this year as interest rates fall and the economy stabilizes. Still, the M&A craze of 2021 is unlikely, and mega deals will be scarce. This […]
Behavioral health giants Odyssey Behavioral Health and Discovery Behavioral Health, both private equity-backed diversified companies, are scaling back their eating disorder treatment locations. These closures come at a time when other PE-backed behavioral health providers, at least on the surface, appear to be navigating the treacherous waters of the highly-specialized eating disorder treatment space. The […]
Growth in the behavioral health industry may look very different in 2024 than it has over the past few boom years. Gone are the days of growth for growth’s sake. Today, providers are prioritizing targeted de novo gains and keeping their balance sheets cash-flow positive. Industry headwinds, including high rates and ongoing labor shortages, have […]
Between 40% and 60% of people with substance use disorder (SUD) relapse after detox and rehabilitation. Providers are eyeing artificial intelligence (AI) as a key to help improve that statistic. The technology, which is not without its risks, has already been used for years in behavioral health treatment. In the SUD field, machine-learning tech is […]
The behavioral health industry is going through a period of transformation. The demand for services is higher than ever, and payers and providers are looking to incorporate value-based care into their model. As one of the country’s largest mental health and SUD operators, Discovery Behavioral Health will help set the stage for the industry’s future. […]
Behavioral health providers continue to face headaches while trying to get new facilities through local zoning processes. The American drug overdose crisis and the wide-reaching impacts of a once-in-a-generation pandemic have shredded the pretense that any given community doesn’t need behavioral health care. Despite this reality, prejudice against those with behavioral health issues, especially substance […]
Equip hires its first president Equip, a virtual, evidence-based eating disorder treatment company, appointed Nikia Bergan as its first-ever president. Bergan will report to co-founder and CEO Kristina Saffran and serve as an observer on the Equip board of directors. For nearly 20 years, Bergan worked at the Advisory Board Company, part of Optum. Optum […]
With macroeconomic headwinds leading to declining valuations and less M&A activity, the mental health space is at a crossroads. The notoriously fragmented industry is still prime for maturation, but many companies are facing growing pains. Several companies that came onto the public market during the 2021 boom year are struggling to keep up with investor […]
Expanding behavioral health companies continue to face headaches from restrictive state certificate of need (CON) laws. The COVID-19 pandemic changed the approach many states take when regulating behavioral health facility development. In part, it amplified voices calling for CON reform as the pandemic revealed and worked the poor mental health of America. Most states — […]
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