Private equity-backed Newport Healthcare has named a new CEO. Brian Setzer, an ex-Walmart executive, will succeed Joe Procopio, effective Dec. 9. Procopio is retiring but will take up the role of chairman of the board for Newport Healthcare. He has held the CEO title since June 2019, when the company was known as Newport Academy. […]
Behavioral health care provider Newport Healthcare has expanded its substance use disorder (SUD) treatment offerings tailored to teens, young people and their families. Newport has previously offered SUD services in conjunction with its mental health offerings but is now isolating the services into SUD-specific programs. “The demand for substance abuse services is not going away,” […]
Teen and young adult behavioral health provider Newport Healthcare has announced the acquisition of pediatric mental health provider PrairieCare. The terms of the deal were not disclosed. PrairieCare brings to the deal nine locations in Minnesota. Its services include mental health screenings, clinic services, an inpatient psychiatric hospital, intensive outpatient programs (IOPs), partial hospitalization programs […]
The pandemic and other factors have contributed to worsening mental health conditions for a number of Americans since the beginning of 2020, but particularly so for young people. There is a growing consensus that youth mental health – more than ever – is a serious issue, as an estimated 31% of American parents have children […]
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 […]
Medical Properties Trust announces $950M Springstone deal Medical Properties Trust (NYSE: MPW) has entered into a definitive agreement to acquire 18 inpatient behavioral health hospital facilities and an interest in the operations of Springstone from the PE firm Welsh, Carson, Anderson & Stowe. The deal has a price tag of $950 million, with $760 million […]
California behavioral provider names CEO Sacramento, California-based Community Psychiatry, an outpatient behavioral health provider, has named Christopher Brengard as its CEO. He replaces outgoing CEO Ken Kelly. Community Psychiatry has more than 40 locations across the state of California, where it provides mental health services. Before joining the company, Brengard most recently served as chairman […]
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