Centerstone and Brightli intend to merge, a move that would create the largest nonprofit behavioral health provider in the country. The two providers have signed a nonbinding agreement, according to a July 17 news release. The merger would create an…
Investment & Transactions
Sheppard Pratt will oversee Lansing, Mich.-based U-M Health-Sparrow’s behavioral health services. Baltimore-based Sheppard Pratt will lead U-M-Health Sparrow’s existing 59-bed behavioral unit and expand offerings in child and youth adolescent care, according to a July 17 news release. The company…
A diversion center in Cleveland will close as a new crisis center comes online to replace it, Signal Cleveland reported July 15. The diversion center, which opened in 2021, was initially intended to function as an alternative to jail for…
Rockville, Md.-based Orchard Mental Health Group has acquired Maryland Counseling Associates. The Cockeysville, Md.-based mental health provider has four locations. Earlier this year, Orchard Mental Health Group acquired two additional behavioral health providers. The company now employs more than 165…
Birmingham, Ala.-based Bradford Health Services has acquired three Texas-based substance use disorder treatment clinics. The company acquired The Last Resort Recovery Center in Smithville, Crestone Wellness in Taylor and The Chapter House in Richardson, according to a July 2 news…
Advertisement
Hamilton, Ohio-based Butler Behavioral Health and Cincinnati-based Best Point Education and Behavioral Health have merged, creating an organization with approximately $65 million in annual revenue. Butler Behavioral Health is now a wholly owned subsidiary of Best Point, according to a…
Nashville, Tenn.-based Acute Behavioral Health has acquired Kinston, N.C.-based Oakwood Treatment Center. The inpatient psychiatric treatment facility for adolescents was previously owned by Nova Behavioral Health, according to a June 23 news release. Acute Behavioral Health is a network of…
King of Prussia, Pa.-based Universal Health Services and Grand Forks, N.D.-based Altru Health have broken ground on an expanded behavioral health unit. The project will increase capacity at Altru Behavioral Health Center’s inpatient unit from 24 to 48 beds, according…
Lee’s Summit, Mo.-based ReDiscover is planning a $20 million renovation to turn a former grocery store in Kansas City, Mo., into a behavioral health campus, NBC affiliate KSHB reported June 16. The system will convert the 50,000-square-foot site into a…
Fort Myers, Fla.-based SalusCare is searching for a new site for its Cape Coral, Fla., location, the Naples Daily News reported June 13. The site, which provided behavioral health services, sustained significant damage during Hurricane Ian in 2022. The site…