Pneuma Behavioral Health acquires Bright Path Behavioral Health
Pneuma Behavioral Health announced its strategic acquisition of Bright Path Behavioral Health. According to data captured in the LevinPro HC database, this transaction represents the 45th Behavioral Health Care acquisition of the year. Located in Wake Forest, North Carolina, Bright Path Behavioral Health is a CARF-Accredited, in-network partial hospitalization and intensive outpatient treatment center specifically for adolescents ages 13 to 18. Teens receive treatment for psychiatric disorders that affect multiple aspects of their well-being, including depression, intense anxiety, self-injury, trauma, OCD, ADHD and mood dysregulation. By merging technology and evidence-based treatments... Read More »
Praesum Healthcare Services Acquires Beacon Point Recovery Center
Praesum Healthcare Services announced on August 4 that it entered the M&A market for the first time with the acquisition of Beacon Point Recovery Center. The financial terms of the deal were not disclosed. Beacon Point Recovery Center provides substance use disorder (SUD) treatments. It has a 20-bed detox facility and 92 residential beds in the Philadelphia metro area. Praesum Healthcare Services is a privately-owned SUD provider with more than 30 locations across New Jersey, New York, Massachusetts, Florida and Georgia. Praseum operates across five states and plans on adding one additional state in 2024. Its services include detox, inpatient, counseling and residential care. Praesum... Read More »
Acadia Healthcare Company Acquires Turning Point Centers
Acadia Healthcare Company has announced its acquisition of the 76-bed Turning Point Centers. Turning Point Centers is a specialty provider of substance use disorder treatment and primary mental health treatment services through its eight locations in Utah. Acadia is a leading provider of behavioral healthcare services across the United States. Acadia operates a network of 242 behavioral healthcare facilities with approximately 10,800 beds in 40 states and Puerto Rico. With more than 20,000 employees serving approximately 70,000 patients daily, Acadia is the largest stand-alone behavioral health company in the United States. According to its FY 2022 financial report, Acadia had annual... Read More »
Autism Behavioral Institute Receives Significant Investment from Decathlon Capital Partners
Autism Behavioral Institute (ABI) has announced a revenue-based investment from Park City, Utah-based private equity firm Decathlon Capital Partners. Headquartered in Charlotte, North Carolina, ABI provides ABA therapy and testing and evaluation services for children with autism. ABI has 11 centers across South Carolina, Washington D.C., Virginia, North Carolina, Georgia and Maryland. ABI provides individualized ABA treatment for children in home, school, and community settings. Additionally, it offers diagnostic evaluations for autism and parent participation training. Decathlon Capital Partners is a leading provider of financing solutions and growth capital for companies seeking flexible... Read More »
Provident Behavioral Health Acquires Care and Counseling in Creve Coeur, Missouri
Provident Behavioral Health has announced its acquisition of Care and Counseling, a mental health services nonprofit in Creve Coeur, Missouri. According to data captured in the LevinPro HC database, this acquisition marks the 35th Behavioral Health Care acquisition of the year, and the 10th in the counseling specialty. Care and Counseling was founded in 1968 as an interfaith agency providing mental health services to children, adults and families, as well as congregational and clergy training. Founded in 1860, Provident Behavioral Health provides in-person behavioral health services at its four St. Louis-area locations, as well as through a crisis hotline and its participation in the 9-8-8... Read More »Schedule a demo
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