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Investment & Transactions

King of Prussia, Pa.-based Universal Health Services is acquiring online behavioral health provider Talkspace in a deal valued at about $835 million. Talkspace has a network of about 6,000 licensed behavioral health professionals serving all 50 states, Washington, D.C., and…

California is investing $65 million to convert six vacant facilities in Los Angeles into a housing and mental health treatment campus. When complete, the state-owned properties will be transformed into a 162-bed behavioral health campus, Gov. Gavin Newsom’s office said…

The North Carolina Department of HHS is investing $1.5 million in a pilot program designed to improve how mobile crisis teams respond when individuals experiencing a mental health emergency call for help.  The funding to Greenville, N.C.-based Trillium Health Resources…

White Plains, N.Y.-based Westchester County has opened a safety-net mental health clinic.  The facility provides outpatient mental healthcare services for adults, including therapy, crisis intervention, medication management, group therapy, health assessments, referrals, peer services, interfaith support and treatment for co-occurring…

Kansas City, Kan.-based Wyandot Behavioral Health Network will open its downtown wellness center March 9, expanding access to mental healthcare and substance use services in Eastern Wyandotte County.  The center will offer outpatient mental healthcare, substance use treatment, medication services…

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San Jose, Calif.-based Caminar, a provider of community-based mental health and substance use care, opened its Teen and Family Wellness Center-Palo Alto (Calif.) to expand behavioral healthcare services for adolescents and families.  The center is designed for adolescents ages 12-17…

San Diego-based Alter Behavioral Health has opened a 32-bed residential mental health facility in the city.  The facility is designed to provide long-term residential mental health treatment in a community-oriented environment for individuals experiencing depression, post-traumatic stress disorder and co-occurring…

California plans to use $291 million to expand supportive housing and behavioral health services statewide.  The funding includes $131.8 million in Homekey Program awards for eight affordable housing communities to create 443 additional homes with on-site managers for individuals experiencing…

The Georgia Department of Behavioral Health and Developmental Disabilities has opened a 30-bed unit at West Central Georgia Regional Hospital in Columbus to reduce the number of individuals waiting in jail for court-ordered competency restoration services. The unit, dubbed “Operation…

Bucks County, Pa., will open a diversion, assessment, restoration and treatment (DART) center in Doylestown aimed at reducing criminal justice involvement for individuals with behavioral health needs.  The 23,00-square-foot facility is expected to begin accepting residents this month and will…

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