Wellpath’s Recovery Services division is well on its way to independence from the rest of the prison-based and outsourced behavioral health care service provider’s operations. However, these behavioral health assets aren’t going far as they change hands. Wellpath’s lender group will acquire the assets as part of a $395 million credit bid plus $14.25 million […]
A behavioral health enterprise with $425 million in revenue is on the market and potentially at a discount to typical market rates. Wellpath, one of the nation’s largest providers of prison-based and outsourced behavioral health care, is seeking the sale of its behavioral health division, according to bankruptcy documents. The Nashville, Tennessee-based provider hopes its […]
Substance use disorder (SUD) startup Bicycle Health has joined forces with medical provider Wellpath and the Federal Bureau of Prisons (FBOP) on a new partnership to treat opioid use disorder (OUD) at reentry centers. As part of the deal, Bicycle Health will provide its virtual medication-assisted treatment (MAT) program to individuals living in FBOP’s Reentry […]
The momentum of the merger and acquisition space in behavioral health will likely spill over into the first half of 2022 as dealmaking in the industry reaches new highs. However, next year will likely see deal multiples “stabilize a little bit” as private equity continues to look for platform deals that more heavily emphasize clinical […]
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 […]
Spero Health expands in Ohio Spero Health has opened two new outpatient substance use disorder (SUD) treatment clinics in Ohio. The new clinics in Lima and Marion further bolster the provider’s network of more than 40 Spero Health locations across Kentucky, Ohio, Tennessee, Indiana and Virginia. Headquartered in Nashville, Spero Health is privately held by […]
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