Franklin, Tenn.-based Acadia Healthcare reported net income of $71.2 million in the second quarter of 2023.

Behavioral health care startup NeuroFlow has acquired Capital Solution Design, parent company of Behavioral Health Lab and BHL Touch, a technology infrastructure provider for the Department of Veterans Affairs.

The Heart of Texas Behavioral Health Network, based in Waco, Texas, received a $750,000 two-year grant from the Episcopal Health Foundation, a nonprofit organization based in Houston, according to a June 26 report from the Waco Tribune-Herald.

The investment arm of health insurance company Cigna co-led a $52 million series C funding round for Octave, a behavioral health company offering both in-person and virtual care.

Health plan Univera Healthcare awarded a grant to Jamestown, N.Y.-based UPMC Chautauqua to expand its behavioral telehealth services, The Post-Journal reported May 30.

Rising costs and ongoing staff shortages have led many behavioral health facilities and units to close up shop, creating or exacerbating care deserts.

Snohomish County in Washington is investing $8 million into five projects to expand substance use and mental health treatment capacity, the Lynnwood Times reported May 22.

Here are six investments into mental healthcare reported by Becker's since May 15:

Wauwatosa, Wis.-based Froedtert Health closed the behavioral health unit at its Menomonee Falls hospital, the Milwaukee Business Journal reported May 19.

Yakima, Wash.-based behavioral health provider Comprehensive Healthcare is closing two of its facilities in Goldendale and White Salmon, Columbia Community Connection reported May 16.

Springfield, Mass.-based Baystate Health is opening a behavioral health hospital in Holyoke, MassLive reported May 17.

Aurora-based University of Colorado Hospital is opening a 40-bed psychiatric center, The Colorado Sun reported May 15.

The Department of Health and Human Services has pledged over $200 million in funding to support 988 suicide crisis hotlines and crisis support services. 

Officials in Michigan's Macomb County are proposing a behavioral health-focused $228 million central intake center for the county jail complex, the Detroit Free Press reported May 12.

Routt County in Colorado has received $3.6 million from the state's Department of Education School Health Professional Grant Program to provide mental health services among its school districts, Steamboat Pilot & Today reported May 14. 

Carlsbad, Calif.-based CHE Behavioral Health Services has teamed up with NextGen Healthcare, a medical software and services company, to improve access to mental health services. 

Somerville, N.J.-based Robert Wood Johnson University Hospital Somerset, part of West Orange, N.J.-based RWJBarnabas Health, opened a revamped outpatient behavioral health center with more rooms and expanded services.

As it becomes increasingly popular for patients to access therapy from the convenience of their own homes, many digital behavioral health companies are completing significant financing rounds.

Portland, Ore.-based Legacy Health has teamed up with Southeast Kansas Mental Health Center in Iola to expand primary care and mental health services, Fort Scott Biz reported May 6. 

Jacksonville, Fla.-based Wolfson Children's Hospital has received $3 million from the Players Championship Village toward its new $9.5 million inpatient behavioral health unit, the Florida Times-Union reported May 3.