Greenbrook TMS Acquires Success TMS

Greenbrook TMS Acquires Success TMS

Greenbrook TMS Inc., a leading provider of Transcranial Magnetic Stimulation (TMS) therapy in the United States, announced that its wholly-owned subsidiary, TMS NeuroHealth Centers Inc., will acquire all the issued and outstanding equity interests in Success TMS from its parent company, Success Behavioral Holdings LLC. TMS therapy provides local electromagnetic stimulation to specific brain regions known to be directly associated with mood regulation. The purchase price for the acquisition is valued at approximately $27.3 million, of which approximately $20.5 million will be payable on closing of the acquisition and $6.8 million will be held in an escrow account following determination of... Read More »
Foresight Mental Health Expands Further into Georgia with Recent Acquisition

Foresight Mental Health Expands Further into Georgia with Recent Acquisition

Nationwide provider Foresight Mental Health acquired Psychiatric Addictive Curative Therapies (PACT) Atlanta LLC, a multidisciplinary mental health practice that is headquartered in Decatur, Georgia. Founded in 2018 and headquartered in Berkeley, California, Foresight Mental Health provides in-person and virtual services such as psychiatry, therapy, neuropsychology and TMS across 25 states. Foresight’s care team is supported by nutritionists, software engineers, data scientists and researchers. Last July, Foresight completed a Series B funding round, raising $25 million. PACT operates 14 clinics in the Atlanta area, with its care teams consisting of psychiatrists, psychologists, nurse... Read More »
BrightView Health Enters North Carolina With New Leaf Center Acquisition

BrightView Health Enters North Carolina With New Leaf Center Acquisition

BrightView Health, an outpatient addiction treatment provider based in the Walnut Hills neighborhood of Cincinnati, Ohio, acquired New Leaf Center in Murphy, North Carolina. The deal marks BrightView’s first entry into North Carolina and its fifth state overall. The companies announced the transaction earlier this week. Terms were not disclosed. New Leaf Center is a substance use disorder treatment center based in Murphy, North Carolina. Founded in 2019, New Leaf provides treatment to people experiencing alcohol and substance use disorder while addressing occurring mental health, societal and health factors. Founded in 2014, BrightView Health operates 55 locations in Ohio, Delaware,... Read More »

Summit BHC Acquires 7 Psychiatric Hospitals, Expands into New States

On January 6, Summit Behavioral Healthcare announced it had acquired seven psychiatric hospitals in six states from Strategic Behavioral Health. The financial terms of the deal were not disclosed. This transaction will add an additional 613 inpatient psychiatric beds to Summit BHC’s portfolio, expanding its existing presence in Iowa, Tennessee and Texas and giving the company a foothold in New Mexico, North Carolina and Wisconsin for the first time. Strategic Behavioral Health operated two hospitals in Wisconsin and one hospital in the other states. The newly acquired facilities treat children, adults and elders and operates an unspecified number of outpatient programs, according to a news... Read More »
BayMark Health Services Expands In New Hampshire

BayMark Health Services Expands In New Hampshire

BayMark Health Services, a provider of substance abuse treatments, announced that it was acquiring Granite Recovery Centers, based in Salem, New Hampshire. The financial terms of the deal were not disclosed. Granite Recovery Centers has two residential treatment facilities and several sober living homes throughout southern New Hampshire that serve adult patients from across New England and throughout the country. Granite Recovery Centers offers treatment for a variety of addictions including opioids, alcohol, cocaine, methamphetamine, prescription drugs and other substances. BayMark Health Services, a portfolio company of Webster Equity Partners, provides medication-assisted treatment for... Read More »
Foresight Mental Health Expands Further into Georgia with Recent Acquisition

Elite DNA Therapy Services Acquires Impact Behavioral Health

Elite DNA Therapy Services has acquired Impact Behavioral Health in Tallahassee, Florida for an undisclosed amount, expanding the mental health services provider’s presence in the state to North Florida and the Panhandle area. Elite DNA Therapy Services is one of the largest mental health providers in Florida. Although originally focusing on children, services have expanded to adults and families. The company provides psychiatry and psychotherapy services as well as Transcranial Magnetic Stimulation treatment for major depression. Founded in 2013, Elite DNA has offices across the state in Fort Myers, Cape Coral, Lehigh Acres, Loxahatchee, Naples, Port Charlotte,... Read More »