Ideal Option opens new MAT clinic Outpatient addiction treatment provider Ideal Option opened a new clinic in Great Falls, Montanna. The new clinic will provide buprenorphine-based medication-assisted-treatment (MAT) to individuals with substance use disorder (SUD). The American Rescue Plan Act partly funded the new clinic. “The grant funding from the American Rescue Plan Act allows […]
LifeStance Health names Quartet, Teladoc veteran as CMO LifeStance Health (NASDAQ: LFST) appointed Ujjwal Ramtekkar as chief medical officer. Ramtekkar is charged with maintaining high-quality, personalized care. “Dr. Ramtekkar is an experienced physician executive with a demonstrated track record of driving exceptional patient and clinical outcomes,” Ken Burdick, chairman and CEO of LifeStance, said in […]
Indiana’s state government plans to impose steep cuts to Medicaid rates for some autism therapy services. The move is out of step with present rate trends but may be a harbinger for other cuts as payers nationwide seek to bring growing autism therapy spending to heel. In Indiana alone, Medicaid spending on autism therapy services […]
Stepping Stones Group, which is a multi-state provider of services to children with autism and other behavioral needs, is reportedly up for sale. PE Hub reported Thursday that the organization’s parent company, Five Arrows Capital Partners, has recently initiated a competitive sale process for the provider that is aimed exclusively at private equity buyers. Investment […]
Mergers and acquisitions (M&A) among behavioral health providers dipped a bit in the third quarter (Q3), but the sector is still poised to close out 2021 on a high note. Across the behavioral health care spectrum, 25 transactions occurred in Q3 2021, according to a report released by M&A advisory firm Mertz Taggart. The number […]
Amwell acquires two virtual health care companies After hinting last year at its intentions of acquiring a behavioral health startup, Amwell (NYSE: AMWL) has acquired two virtual care providers, one of which specializes in mental health. The Boston-based telehealth company announced that it has purchased SilverCloud Health and Conversa Health for a combined $320 million. […]
Cerberus Capital Management has agreed to buy Lighthouse Autism Center from Abry Partners for a reported value of more than $400 million, according to PE Hub. In reporting the news, the publication cited four sources with knowledge of the deal, which it said is nearing completion. Based near South Bend, Indiana, Lighthouse provides center-based applied […]
Lighthouse deepens its Indiana footprint Lighthouse Autism Center, which provides applied behavioral analysis (ABA) therapy to children with autism spectrum disorder (ASD), has opened the doors to two new locations in its home state of Indiana. Lighthouse’s Valparaiso is located in a newly remodeled facility, which includes therapy spaces for learning, along with a playroom. […]
Hazelden Betty Ford grows virtual care footprint The Hazelden Betty Ford Foundation, the nation’s largest nonprofit addiction treatment provider, has announced it is bringing its telehealth services to Missouri residents who have commercial insurance, no matter where they live in the state. The services are part of Hazelden Betty Ford’s RecoveryGo tool, which provides telehealth […]
Acadia to purchase Adventist Health Vallejo’s behavioral services Adventist Health Vallejo — a 61-bed psychiatric facility — has signed a definitive agreement to sell the hospital and its behavioral health services to Acadia Healthcare (NASDAQ: ACHC) — one of the nation’s largest behavioral health providers. Financial terms of the deal were not disclosed. Based in […]
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