NOCD Raises $34M in Round Led by Cigna Ventures, 7wireVentures

Chicago-based NOCD raised $34 million in its latest funding round. The behavioral health tech company will now expand its therapist workforce, raise public awareness for obsessive-compulsive disorder (OCD) and expand its outcomes data collection and analysis efforts.  NOCD’s total funding has reached about $84 million since its founding in 2018, according to Crunchbase. In September […]

7 Behavioral Health-Focused Private Equity Firms to Watch in 2023

The need for behavioral health services is at an all-time high – and private equity investors have taken note. In the first three quarters of 2022, private equity deals made up more than 60% of behavioral health transactions, according to data from The Braff Group. Many investors see the fragmented behavioral health industry as a […]

DOL Rule Could Complicate How Behavioral Health Providers Use Contractors

The Biden administration could mix up how behavioral health operators address worker classification. The U.S. Department of Labor (DOL) said in October it would undo Trump-era classification rules that made it easier to classify workers as contractors. This bolstered the gig economy and placed an emphasis on how much control the employer had over the […]

Proven Behavior Solutions Lands Growth Capital From Health Enterprise Partners

Proven Behavior Solutions is primed to expand its services across New England following a strategic investment in the company. The Norwell, Massachusetts-based Autism Spectrum Disorder (ASD) treatment company announced it landed an investment from New York City-based Health Enterprise Partners but did not offer specifics in the news release announcing the deal. A request for […]

Aware Recovery Care Aims to Transform Addiction Recovery Model — In the Home

Aware Recovery Care Inc.’s chief goal is a herculean task. It’s nothing short of carving out a whole new industry-wide recognized level of care within the addiction treatment space. The Wallingford, Connecticut-based company provides in-home addiction treatment services. Most addiction treatment is based out of dedicated facilities. That makes Aware Recovery Care’s model of providing […]

Pipeline: Acadia’s New Suicide Prevention Centers; New SUD Locations

Acadia partners with suicide prevention organization to open new centers Acadia Healthcare (Nasdaq: ACHC) has opened 15 community resource centers in partnership with a leading suicide awareness organization to help young individuals with opioid use disorder (OUD). The centers are located in four states across the country within Acadia’s Comprehensive Treatment Centers (CTC), which provide […]

Transactions: Aware Recovery Care Scores PE Investment for In-Home Addiction Model; SUD Providers Merge

PE Firm Health Enterprise Partners invests in Aware Recovery Care Aware Recovery Care, an in-home addiction treatment provider serving residents primarily in New England, has received a private equity investment from the growth equity firm Health Enterprise Partners. Details of the investment were not disclosed. Based in Wallingford, Connecticut, Aware Recovery serves patients across Connecticut, […]