BayMark Health Services, the opioid treatment platform formed by Webster Capital, added two more organizations to its roster in November. The deals bring its 2018 acquisition total to five. In all of 2017, the company made six deals public, so we’re expecting at least one more by the end of this year.
St. Louis-based SpecialCare Hospital Management was the first target acquired in November. The comapny works with 46 acute care hospitals in 13 states to provide specialized inpatient stabilization and withdrawal management services for patients with opioid addiction. The company will retain its name and much of its staff.
BayMark’s second deal took it into new territory. Metamorphosis, an Opioid Treatment Program, is based in Salt Lake City, where it orginated in 1995. It also manages a program in Ogden, Utah.
The company specializes in outpatient treatment of opioid dependence using medication-assisted recovery and counseling services.
After the deal closes, the Metamorphosis programs will become BAART Programs Salt Lake City and BAART Programs Ogden. BAART Programs, one of BayMark’s brands, is a multi-site, multi-service organization providing opioid use disorder treatment and rehabilitation. It’s based in San Francisco and has programs in six states.