Community Psychiatry Management Expands Its Network
The San Francisco-based behavioral healthcare company Community Psychiatry Management, LLC is expanding its footprint. The company last week announced the acquisition of MindPath Care Centers, which provides medication management and individual therapy both in-office and via telehealth, addiction recovery services, group therapy sessions and transcranial magnetic stimulation therapy at more than 25 locations in the Carolinas. The merger of the two companies expands the reach of each organization, more than doubling the number of mental health care provider locations to 70 offices and bringing the combined number of clinicians to more than 325. Community Psychiatry Management is backed... Read More »
KNR Therapy Grows Florida Footprint
Activity in the Behavioral Health Care sector surged in the first quarter of 2021, rising 76% in deal volume compared with the fourth quarter of 2020 and 85% compared with activity in Q1:20, according to search results in our Healthcare Deals Database. Much of that demand came from the unfortunate mental health stress caused by the Covid-19 pandemic, and even with a “return-to-normal life” on the horizon, that demand doesn’t seem to be subsiding. However, it’s not just counseling and clinical services; other specialties such as autism treatment services are highly sought after. Even with all that activity, there is still room for new players to enter the M&A market, looking... Read More »
Better Therapeutics Goes Public
A San Francisco-based cognitive therapy company is going public through a SPAC. Better Therapeutics, Inc. is merging with Mountain Crest Acquisition Corp II (NASDAQ: MCAD), a publicly traded special purpose acquisition corporation. The deal is valued at $187 million, and existing shareholders will roll over 100% of their equity into the equity of the combined company. Better Therapeutics is a prescription digital therapeutics company delivering cognitive behavioral therapy to address the root causes of cardiometabolic diseases. The company’s platform blends clinical, behavioral, and psychological inputs into a series of therapy lessons and skill-building modules designed to isolate... Read More »
Acorn Health Expands Presence in Florida
The behavioral health-provider Acorn Health has made a big leap into the Florida market. The company announced last week it is purchasing Sandcastle Centers, which provides applied behavioral analysis (ABA) therapy for children with autism in the Orlando market. The practice has a central clinic location in Orlando but also offers in-home treatment throughout the region. The company was formerly known as JKP Analysts. The acquisition of Sandcastle expands Acorn Health’s presence in the Orlando, Florida market and furthers its mission of providing high-quality, center-based ABA therapy services to children diagnosed with autism. Sandcastle will become a fully-owned subsidy. According to... Read More »
The Stepping Stones Group Expands Into Philly
The behavioral health services provider, The Stepping Stones Group, has pushed into the Philadelphia market with the purchase of EBS Healthcare, a not-for-profit based in West Chester, Pennsylvania. EBS Healthcare is a therapeutic and behavioral company that employs speech-language pathologists, occupational therapists and physical therapists. The company also has a division called the EBS Children’s Institute, a leading research, training and teaching organization working to advance the field of special education and pediatric therapy. EBS treats roughly 2.1 million patients each year. With the addition of EBS Healthcare, the combined company will have a client base... Read More »