Transactions: Acadia’s Latest Deal; New ABA Acquisitions

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 […]

Modern Health Raises $51M for Employer Mental Health Platform

Modern Health — a mental health and wellness platform — has raised $51 million in Series C funding. The investment brings the company’s total funding raised up to more than $95 million and pushes its valuation past $500 million, according to a press release announcing the news.  Battery Ventures led the funding round, with additional […]