Oceans Healthcare enters JV to build new behavioral hospital Oceans Healthcare has entered into a joint venture (JV) partnership to build a behavioral health hospital in south central Oklahoma. Oceans is teaming up with Norman Regional Health System for the project. Together, the pair will construct Behavioral Health Porter Village, a 48-bed hospital expected to […]
Monroe Capital
Hazelden Betty Ford’s virtual expands into four new states Hazelden Betty Ford Foundation continues to grow its telehealth footprint, as the provider has expanded its RecoveryGo tool into four additional states. RecoveryGo provides insurance-eligible tele-substance use disorder (SUD) services to individuals and groups through virtual intensive outpatient programs (IOP). Hazelden Betty Ford, the nation’s largest […]
Caravel Autism Health expands footprint Caravel Autism Health has opened a new facility in Geneva, Illinois. The center is located west of Chicago and provides applied behavior analysis (ABA) services to children ages 2 to 18. ABA is widely considered to be a gold standard of autism care. Owned by the private equity and venture […]
Monte Nido purchases treatment provider Eating disorder treatment provider Monte Nido & Affiliates has announced that it has purchased Waltham, Massachusetts-based Walden Behavioral Care. Financial terms of the deal were not disclosed. Founded in 2003, Walden provides eating disorder treatment and psychiatric care for children, teens and adults at facilities in Massachusetts, Connecticut and Georgia. […]
Symetria Health may not be of the size of American Addiction Centers (OTC: AAC), Recovery Centers of America or other industry giants in the substance use disorder (SUD) treatment space. But if you ask CEO Chris Hassan, the Naperville, Illinois-based company is well on its way. Founded in 2006, Symetria Health is the parent company […]
Private equity firm Cimarron Healthcare Capital has completed its acquisition of Ascent Behavioral Health. The deal comes in partnership with the Ascent’s management team, private credit asset management firm Monroe Capital and PE firm Veronis Suhler Stevenson. Financial terms of the transaction were not disclosed. Salt Lake City, Utah-based Ascent operates six residential behavioral health […]
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