Investment & Transactions

Amwell has sold its psychiatric telehealth business to Avel eCare for $21 million. 

Officials are hoping to speed up the construction of a $60 million behavioral health facility in Palm Beach County, Fla., NPR affiliate WLRN reported Jan. 7. 

Loudoun County, Va. has broken ground on a 20,500-square-foot behavioral health crisis center in Leesburg, Va. 

San Francisco is requesting $144 million to add 175 more behavioral health treatment beds, the San Francisco Chronicle reported Dec. 16. 

Summit Behavioral Health will open a new facility in Fort Wayne, Ind. in early 2025. 

CMS will bump payment rates for inpatient behavioral health services and make other adjustments to reimbursement in 2025. 

Two properties owned by Retreat Behavioral Health could be sold by the end of the month, the LancasterOnline reported Dec. 6. 

Lebanon, N.H.-based Dartmouth Health could take over a state-run residential treatment facility in Hampstead, N.H., the New Hampshire Bulletin reported Dec. 3. 

Investments in mental health and wellness companies have surpassed 2023 numbers in the first three quarters of 2024, according to a report from Deloitte. 

Virtual and in-person behavioral health providers raised hundreds of millions in funding this year.