Lifestance CEO Holds Fast on Hybrid Mental Health Play

Lifestance Health Group Inc. (Nasdaq: LFST) won’t deviate from or add new services alongside its in-network, hybrid mental health model. CEO Micheal Lester publicly took new service plans off the table as the company runs its long-range planning process during a panel discussion at the Goldman Sachs 43rd Annual Global Healthcare Conference on Wednesday. “We’re […]

‘We’ve Got Patients Lining Up Outside Our Door’: Labor Dynamics Give UHS Leverage with Payers

Universal Health Systems Inc. (NYSE: UHS) will likely continue its strategy of tough talk with low-paying health plans, as long as the workforce situation in its behavioral health segment improves. UHS Chief Financial Officer Steve Filton said this approach could be sustainable and that it has already found “some degree of success.” However, the success […]

LifeStance Makes IPO Debut, Reaches Valuation of Nearly $7.9B

LifeStance Health Group (Nasdaq: LFST), which less than a month ago announced its intention to go public, officially opened for trading Thursday, closing its first day at $21.90 per share. The debut of the Scottsdale, Arizona-based outpatient mental health provider on the Nasdaq was positive, as its stock price rose from its initial public offering […]