Fullerton, Calif.-based Alongside has purchased San Diego ABA, a provider of autism services. Alongside said May 27 the acquisition strengthens its ability to serve families throughout Southern California with personalized ABA services in homes, schools, and clinics. Autism Spectrum Interventions…
Investment & Transactions
King of Prussia-Pa.-based Universal Health Services and Livonia, Mich.-based Trinity Health Michigan will open their joint behavioral health hospital in the near future. The health systems held a ribbon-cutting ceremony for Southridge Behavioral Hospital May 21. The 96–bed facility in…
Around 14% of psychiatric hospitals were private equity-owned in 2021, according to a study published May 22 in JAMA Psychiatry. In 2013, around 8% of psychiatric hospitals were private equity-owned. The study was conducted by researchers at Washington University in…
Vail (Colo.) Health has opened a 28-bed, 48,000-square-foot inpatient psychiatric hospital in Edwards, Colo. The Precourt Healing Center is the only psychiatric hospital between Denver and Salt Lake City, according to a news release shared with Becker’s May 16. The…
Greenville, S.C.-based Prisma Health is planning to double its inpatient behavioral health capacity through the construction of a new $138 million hospital in Easley, S.C. Four things to know: 1. The health system broke ground on the 134,621-square-foot hospital May…
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Sioux Falls, S.D.-based Sanford Health will expand its integrated pediatric behavioral health services. The Marsh McLennan Agency, a full service insurance company, will provide $1 million to the system over 10 years. The partnership will allow Sanford Children’s Hospital to…
Carbondale-based Southern Illinois Healthcare is planning a $20 million upgrade to its inpatient mental health facility. The Illinois Health Facilities and Services Review Board granted unanimous approval to the project, according to a May 7 news release. The system will…
NexPhase Capital has acquired Los Angeles-based Behavior Frontiers, an autism therapy provider with locations in 12 states. Behavior Frontiers was previously owned by Lorient Capital, a private equity fund, according to a May 5 news release. During Lorient’s ownership, Behavior…
Teladoc has acquired virtual mental health provider UpLift in a $45 million deal. According to an April 30 news release, UpLift will continue to be led by current CEO Kyle Talcott. Purchase, N.Y.-based Teladoc has owned BetterHelp, a direct-to-consumer virtual…
Brightline Health has opened its first brick-and-mortar clinic in Brooklyn, N.Y. Brightline previously operated through a telehealth-only model. In September, the company shifted to a hybrid model, scaling down to a handful of geographic markets. The company is adding in-person…