West Palm Beach, Fla.-based Ethema Health Corp. signed a letter of intent Oct. 23 to acquire multiple assets and separate entities of Louisa, Ky.-based Addiction Recovery Care, a move expected to generate more than $100 million in revenue in 2026,…
Investment & Transactions
Corona, Calif.-based Signature Healthcare Services and Redding, Calif.-based Arch Collaborative plan to submit a grant application Oct. 28 for a $200 million behavioral health campus in Northern California, according to an Oct. 27 report from Shasta Scout. The move comes…
Maimonides Medical Center is building a new psychiatric unit for adolescents at its Borough Park campus in New York City, according to an Oct. 27 report from Crain’s New York Business. The 20-bed unit will increase the hospital’s inpatient psychiatric…
Hartford (Conn.) HealthCare’s Institute of Living at Hartford Hospital has received an $8 million grant from the National Institutes of Health to establish a research center focused on psychiatric biotyping, according to an Oct. 27 report from the Hartford Courant. …
Charleston-based Medical University of South Carolina has received more than $11 million from the National Institute of General Medical Sciences to establish a Center of Biomedical Research Excellence focused on trauma resilience. The center will be known as the South…
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Behavioral health is at a crossroads: Demand for services is increasing, leading organizations to expand access — but it needs to be sustainable. Stuart Archer, CEO of Plano, Texas-based Oceans Healthcare, told Becker’s sustainability should center around a discussion that…
The Southwest Prevention Center at the University of Oklahoma Outreach in Norman has received a five-year, $50 million grant to lead the Suicide Prevention Resource Center. The grant, from the Substance Abuse and Mental Health Services Administration, under HSS, renews…
Springfield, Mo.-based Burrell Behavioral Health, a provider of mental health and substance use treatment, has broken ground on a new behavioral health crisis center in Columbia, Mo., to expand access to urgent mental healthcare, according to an Oct. 21 report…
Irvine, Calif.-based Discovery Behavioral Health has opened two 72-bed treatment centers in Irving, Texas, and Orange, Calif., with the aim of combining two of its brands, Center for Discovery and Discover Mood & Anxiety. The centers offer care for patients…
Dallas-based Metrocare has opened its $96 million Hillside Campus, marking the largest investment in the organization’s history and a major expansion of behavioral health access in Dallas County, according to an Oct. 20 report from the Dallas Morning News. The…