With the growing senior population and rising mental health and substance use issues among this demographic, the Centers for Medicare and Medicaid (CMS) are looking for new approaches to address behavioral health concerns. Roughly 20% of people over the age of 55 have experienced a behavioral health issue, according to the CDC. In order to […]
A class of synthetic opioids that are 10 times as potent as fentanyl is becoming increasingly prevalent in the United States. The substance use disorder (SUD) industry may not be sufficiently prepared for its impacts. Nitazenes, a class of synthetic opioids first developed in the 1950s as opioid analgesics and never approved to market, are […]
People with substance use disorders (SUDs) are more likely to have co-occurring disorders, including mental health conditions and physical illnesses. With that in mind, residential SUD treatment providers are stepping up to offer more comprehensive treatment. Operators are weaving services like psychiatry and eating disorder treatment into residential offerings to provide the necessary breadth of […]
Private equity-backed substance use disorder provider Pinnacle Treatment Centers has named Michael Lawler its next CEO. The provider says Lawler will be key to helping the organization expand its services. Lawler has worked in health care for more than three decades. Most recently, he served as the CEO of CHE Behavioral Health Services, a private […]
Addiction treatment provider Pinnacle Treatment Centers has acquired four outpatient opioid addiction treatment centers from King of Prussia, Pennsylvania-based Recovery Centers of America. Mt. Laurel, New Jersey-based Pinnacle Treatment Centers continues to grow via M&A and de novo openings. Three of the four newly acquired centers operate in New Jersey — in Trenton, Somerdale and […]
Caron Treatment Centers expands in Florida Wernersville, Pennsylvania-based nonprofit behavioral health provider Caron Treatment Centers opened its 100,000-square-foot facility at the beginning of February, according to a news release from the organization. The facility, The Keele Medical Center, is located at 4575 Linton Boulevard, Delray Beach, Florida. It offers a medical detox unit, 40 residential […]
Substance use treatment provider Pinnacle Treatment Centers could be up for sale, according to Axios Pro. Linden Capital Partners, a Chicago-based private equity fund, acquired its controlling stake in Pinnacle in August 2016. Axios reports that Linden Capital retained Lincoln International to oversee the sale of Pinnacle Treatment Centers. Founded in 2016, the Mt. Laurel, […]
Medicare’s recently proposed Physician Fee Schedule for 2023 could change how the health insurance industry deals with the behavioral health clinician shortage. Introduced on July 7, the proposed rule seeks to allow more practitioners to address Medicare members’ behavioral health needs. In turn, Medicare’s influence may inspire other health plans to take similar action. “Medicare […]
Community partners are at the heart of Pinnacle Treatment Centers Inc.’s recent acquisition of substance use disorder provider Stepping Stone of North Carolina. This marks the Mt. Laurel, New Jersey-based addiction treatment provider’s expansion into a ninth state market. The deal also encapsulates the driving mission of the company. Its purpose, CEO Joe Pritchard said, […]
UHS celebrates “beam-topping” of new JV with Valley Children’s Healthcare Universal Health Services (NYSE: UHS) recently celebrated a milestone “beam topping” event in the construction of its newest hospital, River Vista Behavioral Health in Madera, California. Construction workers successfully placed the final steam beam atop the 81,600-square-foot, 128-bed facility, which is situated in California’s Central […]
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