Delray Beach, Florida-based UpHealth Inc. (OTC: UPHL) revealed more about its burgeoning addiction treatment business as it seeks to untangle itself from a messy special purpose acquisition company (SPAC) merger gone wrong. UpHealth’s Florida-based addiction treatment business, TTC Healthcare, grew revenue 42% to $44 million and expanded gross margins to 57% in 2023, according to […]
UpHealth Inc. (OTCMKT: UPHL) is one step closer to becoming a dedicated behavioral health company with the sale of a technology asset for $180 million. On March 15, the Delray Beach, Florida-based company completed the sale of its medical translation entity, Cloudbreak Health, to Chicago-based private equity firm GTCR LLC. Cloudbreak is headquartered in Columbus, […]
UpHealth (NYSE: UPH) recently announced the sale of its pharmacy business in order to fuel its behavioral health and integrated care programs. The Delray Beach, Florida-based company plans to sell its pharmacy assets, Innovation Group Inc (IGI), to Belmar Pharma Solutions for roughly $56 million. The new funds are expected to help the company focus […]
Discovery Behavioral Health hires chief medical officer Los Alamitos, California-based Discovery Behavioral Health hired Dr. Matthew Ruble, a psychiatrist, as its chief medical officer. He reports to the company CEO and President John Peloquin. Discovery Behavioral Health operates 130 mental health, substance use and eating disorder treatment centers in 13 states. Before joining the company, […]
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