Atar Capital Portfolio Company, Pathways, Continues Geographical Expansion with Acquisition of Renew Consulting

Atar Capital, a global private investment firm, announced Tuesday that its portfolio company, Pathways Health and Community Support, LLC (“Pathways”), acquired Renew Consulting. Pathways is one of the largest providers of behavioral and mental health services in the United States; Renew Consulting is a leading residential behavioral health company servicing Northwest Oregon. The acquisition is part of Pathways’ strategic plan to expand access to behavioral health services in inclusive and positive environments. It comes less than one year after Pathways acquired three subsidiaries of Community Intervention Services, Inc. (CIS) in October of 2020.

Sevita Expands Continuum of Services in Massachusetts, Missouri, and Pennsylvania

Sevita (formerly operating under The MENTOR Network brand), a leading provider of community-based specialized health care, today announced the acquisition of Caring R Us, LLC in Massachusetts, Cameron Group Care, Inc. in Missouri, and JEM Homecare Solutions, LLC in Pennsylvania. With these acquisitions, Sevita reaffirms its position as a leading national provider of whole person care for people with intellectual and developmental disabilities (I/DD) and welcomes 140 employees, 250 Host Home providers, and 300 individuals in their care.

Sevita Welcomes Good Neighbor as Newest Provider in Virginia

Sevita (formerly operating under The MENTOR Network brand), a leading national provider of community-based health care and support services, today announced the acquisition of Good Neighbor, a premier provider of services for people with intellectual and developmental disabilities (I/DD). Through this acquisition, Sevita reaffirms its renewed focus to provide access to whole person care and expands its Community Support Services operating group to Virginia. Founded in 2005 and headquartered in Richmond, Virginia, Good Neighbor has served more than 10,000 individuals since its founding.

More Behavioral Health Providers Need EHRs, MACPAC Says

The Medicaid and CHIP Payment and Access Commission is developing recommendations for Congress on improving health IT adoption among behavioral health providers, according to comments made during the commission’s September meeting on Friday. It’s exploring whether the federal government could use existing programs to provide states with matching funds if they give behavioral health providers money to adopt electronic health records and related technologies. MACPAC is also looking into whether Medicaid managed care plans could make direct payments to such providers to encourage EHR uptake and promote greater interoperability.

Methamphetamine-Involved Overdose Deaths Nearly Tripled in Four Years: Research

Methamphetamine-related overdose death rates in adults between ages 18 and 64 nearly tripled from 2015 to 2019. A study published Wednesday in the journal “Jama Psychiatry” showed that mixing drugs and more frequent methamphetamine use were among the possible reasons for the rising death rates.

Bain Portfolio Company Broadstep Purchases Coastal Southeastern United Care

Broadstep Behavioral Health has had a busy 2021, acquiring regional care providers and expanding its multi-state reach. As the year enters the home stretch, the company is showing no signs of slowing down, as it has struck a deal to buy another provider. The Raleigh, North Carolina-based Broadstep — which serves individuals with intellectual and developmental disorders (I/DD), mental illnesses and co-occurring disorders — has announced the purchase of Shallotte, North Carolina-based Coastal Southeastern United Care (CSEUC). Established in 2010, CSEUC provides behavioral health services and substance use disorder (SUD) treatment to adults, adolescents and children to ten counties in North Carolina, as well as Dillon County in South Carolina.

Greenbrook TMS to Acquire Achieve TMS East and Central and Announces US$10M Bought Deal Public Offering

Greenbrook TMS Inc. (TSX: GTMS) (NASDAQ: GBNH) (“Greenbrook” or the “Company”), a leading provider of Transcranial Magnetic Stimulation (“TMS”) therapy in the United States, announced Tuesday that it has entered into a purchase agreement pursuant to which Greenbrook will acquire Achieve TMS East, LLC (“Achieve TMS East”) and Achieve TMS Central, LLC (“Achieve TMS Central”, and together with Achieve TMS East, “Achieve TMS East/Central”). The Acquisition will add an additional 17 TMS centers to the Company’s existing service delivery platform, for a total of 149 TMS centers.

A Focus on Mentally Healthy Employees

As the U.S. continues to battle the COVID-19 pandemic, everyone’s health remains a top priority. Thoughts of preventing the spread of COVID-19 immediately surface when it comes to keeping people healthy, but the pandemic also brought a myriad of health issues to the surface, both physically and mentally. The onus has been placed on employers to keep employees healthy in all kinds of different work settings. That task is not an easy one, but employers are rising to the challenge.

Payer Investment in Virtual Substance Abuse Treatment Grows

Payers are adding benefits around substance abuse treatment in an effort to retain employees, as well as interrupt members’ costly visits to the emergency rooms, said Dr. Vikram Bakhru, a practicing physician at the University of California at San Francisco’s Medical Center and chief medical officer at Medicaid managed-care startup Circulo. Relaxation of state laws around the types of drugs that can be prescribed via telehealth, as well as federal rules around payment parity for video visits have also driven growth for these startups, Bakhru said.

Puget Technologies Continues Expansion into Healthcare Industry

Puget Technologies, Inc. (OTC Pink: PUGE) (“Puget”), a publicly held Nevada corporation announces that it has entered into two additional letters of intent to acquire companies in the healthcare industry. The first, Florida Behavioral Center, Inc. (dba “Florida Healthcare System” and referred to as “FHS”), organized in 2015 and based in Doral, Florida, is a healthcare organization that provides mental health services. The second, Glades Medical Centers of Florida LLC (“GMC of Florida”), a Florida limited liability company, focuses on preventive primary care as well as diagnosis and treatment of illnesses and minor injuries.