Nine outpatient addiction treatment organizations have launched a new industry advocacy organization focused on office-based outpatient treatment (OBOT). Monikered the National Alliance for Comprehensive Addiction Treatment Solutions (NACATS), the nonprofit advocacy organization is led by Spero Health co-founder and CEO Steve Priest. He has taken on the role of president of the organization. In its […]
As demand for behavioral health care is growing, so too is investor interest in the space. That’s especially true on the private equity (PE) front. In fact, behavioral health dealmakers predict PE buyers will help fuel record levels of M&A in 2021. Among those active PE players is Council Capital. Headquartered in Nashville, Tennessee, Council […]
Acadia partners with suicide prevention organization to open new centers Acadia Healthcare (Nasdaq: ACHC) has opened 15 community resource centers in partnership with a leading suicide awareness organization to help young individuals with opioid use disorder (OUD). The centers are located in four states across the country within Acadia’s Comprehensive Treatment Centers (CTC), which provide […]
Acadia forms JV with Geisinger Acadia Healthcare (Nasdaq: ACHC) has formed a joint venture (JV) with Danville, Pennsylvania-based Geisinger Health System to build two new inpatient behavioral health facilities. The companies are putting a combined total of about $80 million toward the projects. The first of the two facilities will open next year in Moosic, […]
Banyan Treatment Centers opens first Texas location Banyan Treatment Centers has opened its newest facility in Waelder, Texas. Located in the southeastern part of the state, Banyan Texas is a 70-acre facility that provides drug and alcohol detoxification and residential addiction treatment services. The services are geared toward dual diagnosis patients struggling with addiction and […]
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 […]
The COVID-19 emergency has only exacerbated the nation’s substance use disorder (SUD) crisis, which was already a national emergency in and of itself. Amid the coronavirus, overdose deaths have spiked, with the nation seeing about a 10% increase in fatalities in the first three months of the year, according to the Centers for Disease Control […]
Monte Nido expands into second Southeastern state Monte Nido & Affiliates has opened a new residential eating disorder treatment center in Georgia. With the new facility, which is located just outside of Atlanta, the provider has planted its second flag in the Southeast. Malibu, California-based Monte Nido is a private equity-backed eating disorder treatment provider […]
SaVida Health adds second Maine center SaVida Health has opened its second medication-assisted treatment (MAT) center in Maine. The new location is set to open in Brewer on Nov. 5. Overall, SaVida operates more than 20 outpatient MAT centers across Vermont, Massachusetts, Maine, Virginia and Delaware. The PE firm Council Capital made a control investment […]
Construction starts on $357 million psych hospital Crews have started construction on a $357 million psychiatric facility in Texas, according to the San Antonio Express-News. The site, which will have 300 beds and private rooms for all patients, will eventually serve as a replacement for the San Antonio State Hospital. It’s expected to open in […]
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