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Business Strategy
Deals
Prescription digital therapeutics firm Pear Therapeutics and Groups Recover Together, an outpatient opioid use disorder treatment provider with operations in eight states, have announced a deal to deliver their respective services together in Indiana.
Management
Community Psychiatry, a provider of outpatient behavioral health services, announced that it has appointed J. Christopher Brengard as its CEO, and is also expanding its board of directors to add experience in the areas of public policy and payer relations.
Psychedelics Business
Novamind, a Toronto-based mental health company that specializes in psychedelic-assisted therapy, announced that common shares of the company were to begin trading on the Canadian Securities Exchange on Tuesday.
Management
Healthcare insurance company Centene on Monday announced that it has reached an agreement to acquire Magellan Health in a transaction with a total enterprise value of $2.2 billion.
Management
American Addiction Centers this week announced that it has completed a financial restructuring, reducing its debut by about $500 million. The company also announced a new seven-member board of directors.
Facilities
Recovery Centers of America has opened a 112-bed inpatient addiction treatment facility in Indianapolis, the company’s ninth inpatient program overall.
Business Operations
A quickly conceived, three-pronged initiative to help patients, employees and the local community has helped San Antonio Recovery Center overcome a turbulent year, owner Raul Ruelas told TCIV attendees.
Business Operations
Behavioral health organizations need a data-driven and multi-layered approach to innovate and keep pace with an evolving industry, UHS executive VP and president of Behavioral Health Matt Peterson told TCIV attendees.
Deals
The impact of COVID-19 and the emergence of telehealth are having ramifications that touch all aspects of addiction treatment programs, from digital marketing to patient retention to potential deals with investors, said panelists in a session presented on Friday at the Treatment Center Investment & Valuation Retreat.
Coronavirus
An increase in demand for treatment services and stockpiles of dollars for private equity investors who are itching to spend could spark a hotbed of M&A activity in the behavioral health sector, particularly for substance use disorder treatment providers, Braff Group president Dexter Braff told TCIV attendees.
Facilities
The Hopkinsville, Kentucky, outpatient clinic is the 15th Spero Health facility to open this year and the company's 45th location overall.