Houston, Texas-based autism therapy provider BlueSprig Pediatrics has named a new CEO after being led by a chief transition officer for almost a year. On Wednesday, BlueSprig Pediatrics named Will Abbott CEO. Abbott was most recently the CEO of the value-based care-focused health care company InnovaCare Health. The CEO role opened up at BlueSprig when […]
With some major stumbles in the autism service industry still fresh in public memory, it may seem like an odd time for Gracent LLC to launch a new private equity-backed platform. But Gracent’s leadership says now is the right time to get into the game after seeing where others went wrong. That includes keeping sustainability […]
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 […]
In October, private equity firm Lee Equity Partners bought substance use disorder provider Bradford Health. A couple months prior, Charlesbank Capital Partners – another PE player – acquired autism provider Action Behavior Centers. And in July, Revelstoke Capital Partners purchased eating disorder giant Monte Nido & Associates. These three deals and others like it reflect […]
Youth telebehavioral health company Brightline announced Tuesday that it has raised $105 million in a Series C funding round led by global investment firm KKR. The Palo Alto, California-based company now has raised over $200 million and is valued at $705 million, Bloomberg reported on Tuesday. Also participating in the round are existing investors GV […]
Here are some of the biggest mergers and acquisitions in the behavioral health industry over the last year. Ginger and Headspace Finalize Merger, Creating $3B Behavioral Health Platform The newly-combined Headspace Health brings together Ginger’s therapy, counseling, and coaching services with Headspace’s mindfulness and meditation offerings. The company will serve more than 100 million customers […]
Thurston Group, a Chicago-based private equity firm focused on investing in health care companies, has created a new mental health platform called ARC Health. It formed the platform in partnership with Advanced Recovery Concepts, an Ohio-based outpatient mental health provider. Many of the specifics around the new platform — such as the financial details of […]
The global investment giant KKR made waves earlier this month when it announced the formation of a new mental health services company called Geode Health. Rather than buy a behavioral health platform, KKR opted to build, deepening its behavioral health footprint and creating a brand new company that aims to partner with providers to offer […]
Spero opens new Kentucky center Substance use disorder (SUD) treatment provider Spero Health has opened a new clinic in Kentucky, located in the town of Monticello. Situated in the southeastern part of the Commonwealth State near the Tennessee border, the location provides a combination of in-person and telehealth services. It accepts Kentucky Medicaid and most […]
The global private equity giant KKR has created a new mental health services company called Geode Health, the firm announced Wednesday. The new platform will partner with psychiatrists, psychologists and therapists to offer in-person and virtual outpatient mental health treatment to children and adults across the U.S. The goal is to support clinicians so they […]
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