Lifestance Health Group Inc. CEO and Founder Michael Lester doesn’t see the many digital mental health providers that have flooded into the market as competitors for patients or for staff. That’s because Lifestance (NASDAQ: LFST) does what many in the ever-growing crowd of venture capital-backed digital mental health companies don’t. “We don’t see the pure-play […]
Universal Health Services Inc. struggled to staff up its behavioral health business despite being willing to pay a premium as it grapples with the national health care staffing shortage. However, the King of Prussia, Pennsylvania-based acute care and behavioral health company simply can’t find enough workers to fully staff up to meet the demand that […]
A year ago today, Centene Corporation (NYSE: CNC) announced its intentions to expand its behavioral health offerings with the purchase of Magellan Health. Exactly one year later, the deal is now official. In one of the health care industry’s first significant closings in the new year, managed care organization (MCO) Centene completed its $2.2 billion […]
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 […]
Days after Centene Corporation (NYSE: CNC) announced its plan to acquire Magellan Health (Nasdaq: MGLN), leadership is doubling down on the insurer’s commitment to behavioral. Those services will play an important role in the company’s future, according to Centene CEO Michael Neidorff, who is also president and chairman of the company. “It has to be […]
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