Dealmaking in the behavioral health space has been slower in recent years. However, a handful of notable companies could be changing hands in the not-so-distant future. Based on data from the first quarter, it appears behavioral health dealmaking is stuck at lower volumes than pre-pandemic levels. As we prepare for new batches of M&A data […]
Spero Health opens new addiction treatment clinic Spero Health is welcoming patients to its newest treatment clinic for substance use disorder (SUD), which has opened in Columbus, Ohio. The clinic is located east of I-270 in the Georgian Heights neighborhood and offers a combination of in-person and telehealth services. Ohio Medicaid and most commercial insurances […]
Oceans Healthcare enters JV to build new behavioral hospital Oceans Healthcare has entered into a joint venture (JV) partnership to build a behavioral health hospital in south central Oklahoma. Oceans is teaming up with Norman Regional Health System for the project. Together, the pair will construct Behavioral Health Porter Village, a 48-bed hospital expected to […]
Hazelden Betty Ford’s virtual expands into four new states Hazelden Betty Ford Foundation continues to grow its telehealth footprint, as the provider has expanded its RecoveryGo tool into four additional states. RecoveryGo provides insurance-eligible tele-substance use disorder (SUD) services to individuals and groups through virtual intensive outpatient programs (IOP). Hazelden Betty Ford, the nation’s largest […]
Hazelden Betty Ford CMO retiring Hazelden Betty Ford Foundation Chief Medical Officer Marvin Seppala will be retiring at the end of this year, the nonprofit substance use disorder (SUD) treatment provider has announced. A psychiatrist by training, Seppala originally joined Hazelden in 1995 as its first full-time physician. During his time at the organization, he […]
Caravel Autism Health expands footprint Caravel Autism Health has opened a new facility in Geneva, Illinois. The center is located west of Chicago and provides applied behavior analysis (ABA) services to children ages 2 to 18. ABA is widely considered to be a gold standard of autism care. Owned by the private equity and venture […]
Monte Nido purchases treatment provider Eating disorder treatment provider Monte Nido & Affiliates has announced that it has purchased Waltham, Massachusetts-based Walden Behavioral Care. Financial terms of the deal were not disclosed. Founded in 2003, Walden provides eating disorder treatment and psychiatric care for children, teens and adults at facilities in Massachusetts, Connecticut and Georgia. […]
Oceans Healthcare enters JV to build new facility, expand services Oceans Healthcare has announced a joint venture (JV) with CHRISTUS Spohn Health System, a Corpus Christi, Texas-based hospital operator, to expand its behavioral health care services in the southern coastal part of the state. As part of the arrangement, the pair will build a behavioral […]
Caravel deepens Wisconsin footprint with acquisition Caravel Autism Health is expanding services in its home state of Wisconsin with the purchase of the Center for Autism Treatment, which is based in the Milwaukee suburb of Mequon. Terms of the deal were not released. Overall, Caravel operates more than 40 centers across Wisconsin, Idaho, Illinois, Iowa, […]
Acadia forms JV with Geisinger Acadia Healthcare (Nasdaq: ACHC) has formed a joint venture (JV) with Danville, Pennsylvania-based Geisinger Health System to build two new inpatient behavioral health facilities. The companies are putting a combined total of about $80 million toward the projects. The first of the two facilities will open next year in Moosic, […]
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