Finance

Beacon Extends Grants for Four Community BH Organizations
January 25, 2021
In 2019, Boston-based Beacon Health Options distributed $128,000 in grants to four community behavioral health organizations to help them increase their clients’ connectivity to medication-assisted…
Foundation for Opioid Response Efforts Unveils Scientific Advisory Council
January 14, 2021
The Foundation for Opioid Response Efforts, a private, not-for-profit grantmaking organization that funds projects to address the opioid crisis at national, state and community levels, has announced…
Seaside Healthcare Announces Deals for Two Virginia-Based Providers
January 06, 2021
Seaside Healthcare, a behavioral health services company based in Shreveport, Louisiana, has announced the acquisition of two Virginia-based providers: Second Chances Comprehensive Services and…
Novamind Begins Trading Shares on Canadian Exchange
January 05, 2021
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…
Magellan Health Acquired by Insurer Centene Corp.
January 05, 2021
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. The deal is…
Discovery Behavioral Health Acquires Prosperity Wellness Center
January 04, 2021
Discovery Behavioral Health announced that it has acquired Prosperity Wellness Center, an adult residential SUD treatment facility in Tacoma, Washington. Prosperity becomes the 10th brand in the…
Acadia Announces Deal to Sell Off UK Operations
January 04, 2021
Acadia Healthcare announced that it has reached an agreement to sell off its operations in the United Kingdom, which conduct business under the name the Priory Group, to Waterland Private Equity in a…
AAC Completes Financial Restructuring, Unveils Board
December 17, 2020
American Addiction Centers this week announced that it has completed a financial restructuring and reduced its debut by about $500 million. CEO Andrew McWilliams, who was elevated to the…
BayMark Acquires First U.S. Residential Program
December 16, 2020
BayMark Health Services announced that it has acquired Liberty Bay Recovery Center, a residential treatment facility in Portland, Maine. For BayMark, which operates more than 250 facilities across…
Private Equity Firm Kelso Acquires Majority Equity Interest in Refresh Mental Health
December 10, 2020
Refresh Mental Health, an operator of 200 outpatient mental health treatment facilities in 28 states, announced that affiliates of private equity investment firm Kelso & Co., in a partnership…
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