Ketamine therapy has a long way to go before it becomes a major part of the behavioral health industry. The high-profile stumbles at Field Trip Health & Wellness and Ketamine Wellness Center highlight the fraught environment the half-a-century-old drug faces in treating mental health at scale. It also illustrates the risk of moving too early […]
Psychedelics continue to gradually gain support as an alternative therapeutic for various mental health conditions. A division of Magellan Health lended its voice to the issue in a new report calling for “fair and balanced” reviews for psychedelics to come to market. The report was published by Magellan Rx Management, a pharmacy benefits division of […]
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 […]
Delic Holdings Corp., which trades on the Canadian Stock Exchange, has long had its eye on increasing its footprint in the American psychedelic wellness market. Last September, the company did just that by announcing its intention to purchase Ketamine Wellness Centers Arizona LLC (KWC) for a total of $10 million. The deal exponentially enlarged the […]
Less than two months after entering a binding agreement to merge, Delic Holdings Corp. and Ketamine Wellness Centers Arizona LLC (KWC) have officially signed off on the transaction. The closing of the deal between the psychedelic wellness providers was announced Tuesday, with KWC becoming a wholly-owned subsidiary of Delic for $10 million. The purchase now […]
Mergers and acquisitions (M&A) among behavioral health providers dipped a bit in the third quarter (Q3), but the sector is still poised to close out 2021 on a high note. Across the behavioral health care spectrum, 25 transactions occurred in Q3 2021, according to a report released by M&A advisory firm Mertz Taggart. The number […]
Delic Holdings, the psychedelic wellness platform, announced this week it will enter a binding merger agreement with Ketamine Wellness Centers Arizona LLC, making Delic the largest psychedelic wellness chain in the country. Ketamine Wellness Centers is a company based in Arizona and has 10 ketamine infusion treatment clinics in Arizona, Colorado, Florida, Illinois, Minnesota, Nevada, […]
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