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 […]
The Carlyle Group
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 […]
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 […]
The Carlyle Group (Nasdaq: CG) is reportedly considering a sale of its teen rehab business Newport Academy, according to PE Hub, which cited sources familiar with the process. The upcoming sale is expected to yield a valuation of more than $1 billion dollar, the publication further reported. With locations across the East and West Coasts, […]
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 […]
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