One month after private equity platform Onex Partners agreed to acquire a majority stake in Newport Healthcare, the deal is now officially done. The Toronto-based Onex Corporation — a financial investment firm that oversees Onex Partners — announced Tuesday it had completed its purchase in Newport, a behavioral health provider for teens, young adults and […]
Odyssey Behavioral Healthcare
Spero opens new Kentucky center Substance use disorder (SUD) treatment provider Spero Health has opened a new clinic in Kentucky, located in the town of Monticello. Situated in the southeastern part of the Commonwealth State near the Tennessee border, the location provides a combination of in-person and telehealth services. It accepts Kentucky Medicaid and most […]
Odyssey hires new leader Odyssey Behavioral Healthcare has named a new CEO. Richard Clark, an Acadia Healthcare (NASDAQ: ACHC) veteran who has served as president and COO at Odyssey since January 2020, stepped into the role last week. He takes over for Scott Kardenetz, who founded the Brentwood, Tennessee-based behavioral health company back in 2015. […]
Odyssey Behavioral Healthcare’s new executive director Odyssey Behavioral Healthcare has promoted Steven Rudoy to the position of executive director of its Clearview Treatment Programs brand. A licensed clinical psychologist, Rudoy has been with Clearview since 2017 as its clinical director. Founded in 2015, Brentwood, Tennessee-based Odyssey operates over 20 behavioral health locations across eight states, […]
In the past two months alone, Odyssey Behavioral Healthcare has opened two new outpatient centers, acquired an eating disorder treatment provider and created and filled a new executive-level position. That’s only a fraction of the activity the mental health care provider has logged in past year: In 2020, the company also purchased a myriad of […]
Discovery Behavioral Health opens Maryland behavioral health center Discovery Behavioral Health has opened a new facility in Crownsville, Maryland devoted exclusively to mental health treatment. Los Alamitos, California-based Discovery operates more than 100 centers nationwide for mental health, substance abuse and eating disorder treatment services. Its newest facility in suburban Baltimore features two residences for […]
Discovery Behavioral Health acquires Prosperity Wellness Center Discovery Behavioral Health — PE-backed network of behavioral health centers — has acquired Prosperity Wellness Center — a 40-bed residential SUD treatment facility in Tacoma, Washington. Financial terms of the transaction were not announced. Headquartered in Orange County, California, Discovery is a portfolio company of Webster Equity Partners. […]
Kindred enters JV to add new behavioral, rehabilitation hospital Kindred Healthcare has entered into a joint venture with Antelope Valley Hospital to build and operate a new hospital in northern Los Angeles County. The 125,000-square-foot facility will have 96 behavioral beds and 25 acute inpatient rehabilitation beds. Headquartered in Louisville, Kentucky, Kindred is a specialty […]
Ocean Recovery adds new COO Ocean Recovery — a Newport Beach, California-based addiction and eating disorder treatment center — has hired a new COO. Cade Saurage stepped into the role this November. He has more than 19 years of industry experience. Before becoming COO of Ocean Recovery, Saurage spent eight years serving as the director […]
RCA adds two new senior execs Recovery Centers of America (RCA) — a private equity-backed substance use disorder (SUD) treatment provider — has added two new senior executives to its team. Stacie Runion has been hired as chief human resources officer, while Kerry King has been tapped to serve as vice president of clinical services. […]
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