Pipeline: Sandstone Expands Youth Addiction Services in Illinois; Nystrom Expands Its Minnesota Services

Sandstone Care expands youth outpatient services  Youth provider Sandstone Care has opened a new outpatient facility in Buffalo Grove, Illinois. The center will be dedicated to providing age-specific behavioral health and substance use disorder treatment for teens and young adults. Patients will be able to access intensive outpatient programs (IOPs) and partial hospitalization programs (PHPs) […]

‘Diversification of Revenue is Always a Smart Strategy’: One-Stop-Shop Strategy Gains Traction in Behavioral Health Sector

The days of behavioral health operators providing a single service may be numbered. Today, many payers and patients prioritize providers with a full continuum of care that can meet various needs. Making a behavioral health provider a one-stop shop can mean providing patients with a comprehensive range of care options to access higher and lower […]

Psych Hub Names New CEO; Talkspace Appoints CMO

Psych Hub appoints new CEO Psych Hub, a Nashville, Tennessee-based mental health education startup, has appointed Scott Healy as its new CEO.  Healy previously helped build Care.com, an online marketplace for child care, senior care and other family care services. Most recently, he was the general manager of health care ventures at Ascend Learning, a […]

Embark Behavioral Health Opens 3 New Clinics; Monte Nido Opens Residential Program In Arizona

Embark Behavioral Health Opens Trio of New Outpatient Clinics  Chandler, Arizona-based Embark Behavioral Health opened three new outpatient clinics in Southern California to provide accessible mental health services to youths, young adults, and their families. Located in Woodland Hills, West Los Angeles and Newport Beach, the new programs will offer comprehensive, evidence-based treatment for anxiety, […]

Nystrom & Associates Splits with 2 Founding Family Execs

Two long-time executives of Minneapolis-based outpatient behavioral health provider Nystrom & Associates Ltd. are no longer with the company. Brian and Peter Nystrom revealed their separations from the company on April 27 in social media posts. Brian Nystrom, former CEO and chief clinical officer, said he resigned from the company he founded 32 years ago […]

Growing Outpatient Provider Nystrom & Associates Names Genoa Vet CEO

Outpatient mental health provider Nystrom & Associates named Mark Peterson its new CEO. He succeeds Mark Arnold as the top executive of the Minneapolis-based company. Arnold has been CEO since May 2020. The company employs over 1,000 providers and operates 50 locations in Minnesota, Iowa and Wisconsin. It will soon expand into North Dakota, according […]

Risky Business: The Build-Versus-Buy Crossroads for Mental Health Companies

As economic headwinds make smaller tuck-in mental health deals an appealing prospect in 2023, some larger providers may opt to slow their M&A strategy altogether in favor of de novos.  Tuck-in acquisitions take time, vetting and money. And in some cases, even after all that, transactions can fail to meet the buyer’s expectations and never […]