Real estate firms Hicks Ventures and Artemis Real Estate Partners are collaborating on a $100 million joint venture (JV) to develop between 18-20 care facilities that include behavioral health hospitals. The JV – which will also encompass inpatient rehabilitation facilities – brings together the two firms who each have a sizable presence developing properties in […]
Sabra Health Care REIT
Sabra Health Care REIT (Nasdaq: SBRA), a national real estate investment trust, has entered into a proposed agreement to provide the Recovery Centers of America (RCA) with a $325 million mortgage loan, which would be secured by eight inpatient addiction treatment facilities. Six of the centers are stabilized while two properties, which opened during the […]
As a developer of health care and senior living properties, Prevarian Companies is well-versed in the construction of facilities serving some of the nation’s most vulnerable populations. And if the real estate developer has its way, a significant portion of its future business will come courtesy of the behavioral health sector. Founded in 2004, Dallas-based […]
Brightline’s slew of new leaders Brightline — a Palo Alto, California-based provider of behavioral health solutions for children and their families — has announced several additions to its executive team. The additions include: Haleigh Tebben as chief commercial officer Gary Alpert as chief strategy officer and head of business development Zack Still as chief information […]
Acorn Health acquires Sandcastle Centers Acorn Health — a national provider of applied behavior analysis (ABA) therapy — has acquired the assets of Sandcastle Centers, formerly known as JKP Analysts, which also provides ABA services. Financial terms of the deal were not disclosed. Founded in 2018, Acorn is a portfolio company of the private equity […]
Behavioral health real estate has long been overlooked by institutional capital. The fragmented nature of the industry made worthwhile targets hard to come by. Plus, the wide variety of behavioral health facility types means the industry is more complicated to navigate than, say, the skilled nursing or medical office spaces. But in recent years, that’s […]
Amid the COVID-19 emergency, behavioral health providers are struggling. They’re grappling with increased costs and decreased revenues, while also seeing more demand for their services. As a result, 71% of organizations have had to cancel, reschedule or turn away patients over the past three months, according to a recent survey by the National Council for […]
Ginger acquires technology assets of LiveBetter San Francisco-based health and wellness startup Ginger has acquired the technology assets of LiveBetter, a free app that helps users address select mental health challenges. Financial terms of the deal were not disclosed. San Francisco-based Ginger is a virtual behavioral health care system that delivers coaching, therapy and psychiatry […]
Behavioral health deals could represent a large opportunity for Sabra Health Care REIT (Nasdaq: SBRA) in the future, according to CEO Rick Matros. Irvine, California-based Sabra is a real estate investment trust (REIT) with a portfolio of 429 properties across the United States and Canada. It has historically specialized in senior housing, skilled nursing and […]
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 […]
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