Ventas Enters the Behavioral Health Market
On November 5, Ventas, Inc. announced it acquired an Eating Recovery Center medical office building in Plano, Texas for $58 million. The building is a 102,000-square-foot facility with 72 inpatient beds. Founded in 1998, Ventas, Inc., owned by The Vanguard Group, is the largest health care REIT in the U.S., owning seniors housing and care properties, medical office buildings and LTAC hospitals with roughly 1,200 properties. Since 2004, Ventas has made more than $40 billion in strategic investments. The Eating Recovery Center (ERC), founded in 2009, is one of the largest eating disorder treatment providers in the United States with 35 centers across Colorado, California, Illinois, Texas,... Read More »
Behavioral Health Group Announces Acquisition of Staunton Treatment Center
Behavioral Health Group (BHG) has announced its recent acquisition of Staunton Treatment Center, a medication-assisted treatment facility located in Staunton, Virginia. Going forward, the center will operate under the name BHG Staunton Treatment Center. It has 11 clinicians, counselors and staff caring for upwards of 100 patients with opioid use disorder. With headquarters in Dallas, Texas, BHG is the nation’s largest network of Joint Commission-accredited outpatient opioid treatment and recovery centers. They provide comprehensive, personalized evidence-based medical and behavioral therapies. BHG has 86 locations across 18 states and employs more than 1,380 people to care for their... Read More »
LifeSpeak Acquires Digital Health Company ALAViDA
LifeSpeak Inc. announced the acquisition of ALAViDA Health Ltd., a Vancouver-based digital health company that provides cognitive-behavioral therapy (CBT) health solutions for substance use disorders (SUD), for total consideration of $12 million, comprised of a $7 million cash payment and potential for up to a $5 million earnout. Founded in 2004, LifeSpeak Inc. is a leading software-as-a-service provider of a platform for mental health and total wellbeing education for employees and customer-focused organizations. Lifespeak’s 100% confidential platform is packed with thousands of micro-learning videos, podcasts, “Ask the Expert” chat sessions and tip sheets covering a wide range of topics,... Read More »
Apax Partners and Oak HC/FT Join Forces in Eating Recovery Center Deal
Two leading investment firms, Apax Partners and Oak HC/FT, have joined forces to purchase the treatment provider Eating Recovery Center (ERC). The two companies acquired Denver-based ERC from CCMP Capital, a global private equity firm headquartered in New York, New York, for a reported $1.4 billion. Founded in 2008, ERC is one of the largest eating disorder treatment providers in the U.S., with 30 centers across Colorado, California, Illinois, Texas, Ohio, Maryland and Washington. ERC’s treatment offerings include inpatient services, intensive outpatient programming and virtual care. ERC operates a division called ERC Pathlight, which provides mood and anxiety treatment to patients. The... Read More »