Amid the COVID-19 emergency, many behavioral health stakeholders have touted the nation’s increased focus on behavioral health as a silver lining of the pandemic. Count Shana Hoffman, president and CEO of New Directions, among that group. “Coming out of this, I think we’re going to really think differently as a country about behavioral health — and think about it holistically as part of preventative care in the same way that we would think about measuring someone’s vital signs at a [primary care] visit,” Hoffman said.
MAP Health Management, LLC., the leading provider of virtual peer support services, is expanding its capabilities to virtual and in-person primary medical and behavioral healthcare with the acquisition of CARMAhealth (CARMA), a primary care and behavioral health management service organization. As a result of the acquisition, MAP will be able to leverage its peer-led support capabilities to facilitate an integrated continuum of medical services that include primary medicine, behavioral health and care management, designed to promote lasting recovery, encourage self-care, improve treatment outcomes and reduce health care costs.
Kipu, maker of the widely-used KipuEMR, an electronic medical records (EMR) system specifically designed for substance use disorder (SUD) and behavioral health treatment organizations, announced Monday the appointment of two senior leaders and a strategic investment from growth equity firm TCV. Kipu’s EMR and other software and value-added solutions are utilized daily by leading operators in the substance use disorder treatment and behavioral health industry. “Kipu is the category leader with tremendous momentum,” says TCV General Partner Nari Ansari and a member of the Kipu board of directors.
Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that it has entered into definitive agreements to acquire 18 inpatient behavioral health hospital facilities and an interest in the operations of Springstone, LLC (“Springstone”) from Welsh, Carson, Anderson & Stowe (“WCAS”) for total consideration of $950 million. Springstone, based in Louisville, Kentucky, is a leading provider of behavioral health services in the United States distinguished by its purpose-built, inpatient facilities in carefully selected markets and care delivery across the full behavioral care acuity spectrum.
Mark Schneider, CEO of Vizion Health, LLC (“Vizion”) announced Friday that the company has acquired Brookhaven Hospital in Tulsa, Oklahoma and Community NeuroRehab (CNR) located in Iowa. Brookhaven Hospital is a 64-bed Joint Commission and CARF-accredited acute care psychiatric hospital providing a range of both inpatient and outpatient behavioral health services to the adult and adolescent community. The purchase of Brookhaven provides Vizion the largest presence of free-standing behavioral health beds in the state of Oklahoma.
Avenues Recovery Center announced today the acquisition of Valley Forge Medical Center, adding to its growing national network of substance abuse treatment centers. Valley Forge Medical Center is a renowned addiction treatment center located in Montgomery County in PA. The 86-bed facility opened in 1973 and has faithfully served Montgomery County for almost 40 years. In August 2019, the organization that operates the Joseph B. Wolffe Trust, announced the facility would be put up for sale following years of financial losses. “We are thrilled with the prospect of acquiring and revitalizing Valley Forge Medical Center,” said Hudi Alter, Founder and CEO of Avenues Recovery.
Acorn Health, a national provider of Applied Behavior Analysis (“ABA”) therapy for children diagnosed with Autism Spectrum Disorder (“ASD”), is pleased to announce the acquisition of substantially all of the assets of LEAP Behavior Analysis (“LEAP” or the “Company”). The acquisition of LEAP expands Acorn Health’s presence in Tennessee and furthers its mission of providing high-quality, center-based ABA therapy services to children diagnosed with autism. LEAP, formerly known as JKP Analysts, operated two clinics, one located in Cookeville, TN and one located in Cleveland, TN.
There have been a lot of new partnerships formed during the coronavirus pandemic. And a merger between two health care nonprofits in New Jersey has managed to reach the finish line, even despite the challenges of the COVID-19 crisis. Last month, Oaks Integrated Care announced a merger with COPE Center, a behavioral health nonprofit based in Montclair. The new partnership expands Oaks’ reach in North Jersey, furthering its position as one of the state’s largest human service providers, according to a news release. The state of New Jersey and both organizations’ boards of trustees approved the merger.
Generational Equity is pleased to announce the sale of Carolina Behavioral Care to Refresh Mental Health. The acquisition closed April 21, 2021. Carolina Behavioral Care (CBC) headquartered in Pinehurst, North Carolina, is a multi-site psychiatric practice in Central North Carolina. Clinics are located in Durham, Pinehurst, and Hillsborough. Each clinic houses an ancillary pharmacy for patient convenience and to improve medication adherence. The practice also has a licensed high complexity urine toxicology lab designed to monitor medication compliance and inform practitioners of dangerous drug/drug interactions.
The global private equity giant KKR has created a new mental health services company called Geode Health, the firm announced Wednesday. The new platform will partner with psychiatrists, psychologists and therapists to offer in-person and virtual outpatient mental health treatment to children and adults across the U.S. Geode further deepens KKR’s footprint in behavioral health, as well as its commitment to the space. An investment from the firm’s Health Care Strategic Growth strategy — which is focused “on high-growth health care-related companies for which KKR can be a unique partner in helping reach scale” — is funding the company’s creation.
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