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PE-backed firm acquires Florida substance use treatment clinics
Birmingham, Ala.-based Bradford Health Services has acquired Lakeview Health, the company said in a Sept. 23 news release. -
States with the most private equity-owned mental health, substance use facilities
More than 1 in 4 mental health outpatient and residential facilities in Colorado are owned by private equity, according to data from the Leonard Davis Institute of Health Economics at the University of Pennsylvania. -
HHS allocates $81M to advance behavioral health
HHS invested $81.3 million in grant awards to support behavioral healthcare in the U.S., with a focus on expanding mental health and primary care integration, substance use treatment court resources and community care services. -
White House commits $82M to mental health resources
HHS has dedicated $82.3 million for grants designed to combat mental health and substance use. -
Texas to break ground on $573M psych hospital
The Texas Health and Human Services Commission will start construction on a $573 million replacement facility for Terrell (Texas) State Hospital Aug. 28. -
Buyer wanted for Retreat Behavioral Health sites
A Pennsylvania judge has appointed a receiver to oversee the sale of Retreat Behavioral Health's facilities in the state, LancasterOnline reported Aug. 20. -
5 recent mental health investments worth over $90M
Here are five recent investments into behavioral healthcare in the U.S. totalling more than $90.6 million, as reported by Becker's since July 9: -
LifeStance slows its facility growth plans
LifeStance Health plans to open fewer than 10 new clinic locations in 2024, down from its previous estimate of fewer than 20 new sites. -
Acadia closes 5 facilities
Acadia Healthcare has closed five facilities in the past year. -
Spring Health valued at $3.3B
Spring Health has picked up a $100 million funding round. -
Talkiatry inks deal with Magellan Behavioral Health
Talkiatry will provide telepsychiatry to Magellan Health members in California. -
White House commits $45M to mental health services
HHS and the Substance Use and Mental Health Services Administration unveiled grant awards totalling $45.1 million for mental health and substance use services. -
Private equity-backed firm picks up Texas clinic
ABA Connect has acquired ABA Therapy of Houston, expanding its network to 12 centers in Texas and Colorado. -
$18M crisis center planned in Pennsylvania
Montgomery County, Pa., plans to open a $18 million mental health crisis care center in 2025. -
Mental health startup gets $2.3B valuation
Headway, a startup that connects patients to therapists, is valued at $2.3 billion, Bloomberg reported July 11. -
Los Angeles OKs $143M mental health facility
Los Angeles General Medical Center received approval from city officials to construct a $143 million mental health treatment facility, The Eastsider reported July 9. -
HHS puts $27.5M toward women's mental health
HHS and the Substance Abuse and Mental Health Services Administration have allocated $27.5 million to fund opportunities aimed at improving women's mental health in the U.S., along with an additional $1 million in grants. -
Washington system plans $13M behavioral unit expansion
Sunnyside, Wash.-based Astria Health has broken ground on a 14-bed expansion to the behavioral health unit at Astria Toppenish (Wash.) Hospital. -
Walmart sells virtual behavioral health platform amid clinic closures
Walmart has sold MeMD, its virtual behavioral, urgent, and primary care benefits platform to healthcare technology startup Fabric. -
Summit Behavioral Health to add outpatient services across 37 clinics
Franklin, Tenn.-based Summit Behavioral Healthcare is adding outpatient services across its 37 clinics.
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