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Finance

Belmont, Mass.-based McLean Hospital, part of Mass General Brigham, plans to establish a metabolic psychiatry center backed by a $20 million grant from Baszucki Group, an organization founded by Roblox CEO David Baszucki and Jan Ellison Baszucki that funds research…

Spokane, Wash.-based Focused Behavior Solutions, an applied behavior analysis provider for children with autism, filed for Chapter 11 bankruptcy Oct. 8 in the U.S. Bankruptcy Court for the Eastern District of Washington. The company is reorganizing under Subchapter V, a…

Nebraska’s Department of Health and Human Services has proposed eliminating 38 beds across two state psychiatric hospitals and closing a residential psychiatric treatment facility as part of an effort to reduce state spending, PBS and NPR affiliate Nebraska Public Media…

Buffalo, N.Y.-based Kaleida Health will close its Golisano Children’s Hospital of Buffalo Children’s Psychiatry Clinic-Amherst Satellite location and relocate its pediatric ENT clinic at the McKinley Pediatric Outpatient Center in Blasdell, N.Y., pending approval from the New York State Department…

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Mental healthcare, including care for substance use disorders, accounted for 7% of total U.S. healthcare expenditures from 2021 to 2023, Medscape reported Oct. 7. Annualized mental health spending totaled $174 billion, compared with $2.5 trillion in overall healthcare expenditures captured…

A $10 million grant from Bank of America will support Boston Children’s Hospital’s plans for a pediatric behavioral health campus in Brighton, Mass. Boston Children’s will develop the space on the campus of Franciscan Children’s, which became part of the…

Hackensack, N.J.-based Comprehensive Behavioral Health Care filed for Chapter 11 bankruptcy Sept. 16, according to U.S. Bankruptcy Court for the District of New Jersey documents reviewed by Becker’s. The nonprofit behavioral health provider attributed the filing to a years-long dispute…

HHS awarded $247.9 million in grants for behavioral health programs nationwide, with funding directed toward addiction treatment, overdose prevention, mental healthcare and recovery services.  Among the largest awards, $69.4 million will support access to medications for opioid use disorder, while…

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