Behavioral health business activity was on fire for another year in 2021, helped largely by a high demand for services among the public that shows no signs of abating any time soon. Transactions for behavioral health providers kicked off the year strong, with 35 deals registered in the first quarter (Q1) of 2021, according to […]
Eating Recovery Center
Here are some of the biggest mergers and acquisitions in the behavioral health industry over the last year. Ginger and Headspace Finalize Merger, Creating $3B Behavioral Health Platform The newly-combined Headspace Health brings together Ginger’s therapy, counseling, and coaching services with Headspace’s mindfulness and meditation offerings. The company will serve more than 100 million customers […]
The chaos that the coronavirus pandemic inflicted on the behavioral health care industry gave way to a new normal in 2021 based on the many lessons learned in the previous year. And an apparent lesson learned by all is that the demand for behavioral health in the U.S. is immense. This apparently spurred on a […]
Chicago-based Ventas Inc. (NYSE: VTR) revealed it acquired a building where Eating Recovery Center operates for $58 million, marking an entry into behavioral health for the health care-focused real estate investment trust. Ventas announced the deal as part of its third-quarter 2021 financial performance disclosures. The REIT is one of the largest owners of health […]
Months after news broke that Eating Recovery Center (ERC) was potentially up for sale, Apax Funds and Oak HC/FT have joined forces to buy the treatment provider. The two firms have acquired ERC for a reported $1.4 billion from CCMP Capital in a deal first reported Tuesday morning by PE Hub. Denver-based ERC is one […]
CCMP Capital is reportedly preparing to sell Eating Recovery Center (ERC), according to PE Hub. Citing people familiar with the plans, the publication reported that the private equity firm is looking to begin the process later this year. CCMP Capital focuses on leveraged buyout and growth capital transactions. It currently has about 4.7 billion in […]
Biden picks new head of CMS President Biden has tapped Chiquita Brooks-LaSure to run the Centers for Medicare and Medicaid Services (CMS), according to various media reports. As of Friday afternoon, Biden had yet to announce the news. Brooks-LaSure’s appointment to the position is contingent upon the Senate confirming her nomination. CMS oversees Medicare and […]
While most eating disorder treatment providers first dove into virtual care around March, Eating Recovery Center (ERC) had a head start. The national eating disorder treatment provider debuted its virtual IOP offering about three years ago. Back then, the service was mostly leveraged to treat patients on college campuses who might otherwise go without care. […]
As stigma decreases and demand for behavioral health services grows, institutional capital is taking notice, with behavioral health real estate being one hot new area of interest. First movers like Sabra Health Care REIT are hoping to take advantage of the emerging market. “None of our peers are in the space at this point,” Sabra […]
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