Behavioral Health M&A Hits Record Level in 2021, Demand Remains “Sky-High”

Behavioral health business activity was on fire for another year in 2021, helped largely by a high demand for services among the public that shows no signs of abating any time soon. Transactions for behavioral health providers kicked off the year strong, with 35 deals registered in the first quarter (Q1) of 2021, according to […]

Talkiatry Fills Senior VP Role; New Appointments Tapped for Discovery, Promises Affiliates

Talkiatry adds senior vice president of operations Virtual behavioral health provider Talkiatry has named Vanessa Cao as its senior vice president of operations. Cao joins Talkiatry from New York-based wellness startup HealthQuarters, where she was the company’s head of operations. She has also previously held managerial roles with New York-based health system NYU Langone Health […]

Promises Behavioral Health Eager to Resume Expansion Following Recap

Brentwood, Tennessee-based Promises Behavioral Health recapitalized its balance sheet to set the company up for additional growth. On Tuesday, the company announced it completed a full recapitalization with New York City-based Assured Healthcare Partners LLC, a health care-focused investment management firm. Assured Healthcare Partners, the controlling shareholder of Promises Behavioral Health, converted the debt it […]

Pipeline: Kindred-Managed Behavioral Hospital Opens; Expansions at Spero, Odyssey and Promises

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 […]

Movers & Shakers: Meadows Hires Head of Virtual; Oceans’ New Vice President

Meadows hires executive director of virtual outpatient Phoenix-based Meadows Behavioral Healthcare has hired Mark Baumgartner as its executive director of virtual outpatient services. Before coming to Meadows, Baumgartner spent most of his career at the Betty Ford Center, which is part of the Hazelden Betty Ford Foundation. He worked there almost two decades, serving his […]

Movers & Shakers: New Hires at Odyssey, Promises

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, […]

Pipeline: Promises, Spero Open New Facilities; ABA Expansions in Multiple States

Promises Behavioral Health opens new facility in Texas Promises Behavioral Health has opened its latest facility, an addiction and mental health treatment center in Texas. Located in College Station, Promises Brazos Valley spans over 50,000 square feet and provides addiction and mental health treatment services to adults and college students. College Station is home to […]

Movers & Shakers: CEO Changes at Promises, Children’s Harbor; NABH Adds Policy Director

Promises chairman named interim CEO Rob Waggener, the chairman of Nashville, Tennessee-based mental health and SUD treatment provider Promises Behavioral Health, has been named the company’s interim CEO. Waggener will retain his chair post as he temporarily takes the helm of Promises, which operates 10 facilities in Florida, Massachusetts, Pennsylvania, Texas and its home state […]

Movers & Shakers: Odyssey Behavioral Healthcare Hires COO; Promises Behavioral Health’s New Marketing Chief

Odyssey Behavioral Healthcare names new president, COO Brentwood, Tennessee-based Odyssey Behavioral Healthcare, which provides a variety of treatment services at centers in seven states, has named Richard Clark as president and COO. Clark has more than 30 years of experience in health care, most recently serving as president of the Western Group for Franklin, Tennessee-based […]