Though merger and acquisition deals were down in 2022, activity is expected to rebound this year, according to VMG Health's 2023 mergers and acquisitions report, released March 21.
Investment & Transactions
Advanced Health Network and Recovery Health Solutions, two affiliated behavioral health independent physician associations, have partnered with Unite Us, a healthcare software company.
Danville, Pa.-based Geisinger Health System is partnering with Franklin, Tenn.-based Acadia Healthcare and the Sisters of Saints Cyril and Methodius congregation to build an inpatient behavioral hospital in Mahoning Township, Pa., pending approval of the final land purchase.
The state of New Hampshire and Bedford, N.H.-based SolutionHealth will build a new $60 million mental health hospital, The New Hampshire Union Leader reported March 20.
The global behavioral health treatment market is expected to experience a 2.9 percent compound annual growth rate from 2022 to 2032.
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Four nonprofit mental health organizations in Kentucky are forming a partnership to improve clinical programs and protect safety net services in the state's rural communities.
Autism care improvement startup SpectrumAi closed up to $20 million in series A funding led by CVS Health Ventures.
Kansas has been given a $1 million, one-year planning grant from the Substance Abuse and Mental Health Services Administration to expand the state's certified community behavioral health clinics.
NYC Health + Hospitals/Kings County opened a long stay facility with capacity for 25 patients with severe and persistent mental illness.
Wisconsin's Racine County is investing $25 million for a behavioral health services site in the city, Spectrum News 1 reported March 13.