Merakey, Elwyn Call Off Deal to Create $1B Organization

The merger of the Pennsylvania-based nonprofits Merakey and Elwyn — which would have created a $1 billion-revenue organization — has been called off. While the two nonprofits declined to answer questions about why the tie-up didn’t materialize, a C-suite executive of Merakey told Behavioral Health Business that “both organizations mutually agreed to walk away from […]

6 Under-the-Radar Stories of 2023: LifeStance Scales Back, Feds Push to Deregulate Methadone

While 2023 unfolded at a dizzying pace, significant news in the behavioral health space may have escaped notice. This brief overview revisits several overlooked stories, offering valuable insights from a year marked by pivotal moments and promising trends. These overlooked stories represent meaningful developments in crucial industry narratives, serving as hidden gems and emblems of […]

Merger Between IDD Giants Merakey, Elwyn to Create $1B Company

Intellectual and developmental disability (IDD) nonprofits Merakey and Elwyn have announced their intentions to merge. The pair recently signed a non-binding Memorandum of Understanding to create a joint company with a 12,000-person workforce caring for 55,000 individuals in 16 states. The partners said the merged company will be focused on delivering holistic care and coordinating […]

Autism, IDD Nonprofit Elwyn Secures $45M Refinancing Package

Elwyn — which dubs itself as the nation’s oldest and largest not-for-profit autism and IDD treatment provider — has secured a $45 million refinancing package. Headquartered in Media, Pennsylvania, Elwyn serves more than 20,000 people across California, Delaware, New Jersey, Pennsylvania, Rhode Island, Maine, Massachusetts, North Carolina and Virginia. It offers clients residential and community-based […]