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 »
The Rise Funds Invests in Banyan Treatment Centers
The Rise Funds announced on June 1 that it made a significant investment in Banyan Treatment Centers. Moelis & Company served as exclusive financial advisor to Banyan Treatment Centers. Terms of the investment were not disclosed. Founded in 2013, Banyan offers a full continuum-of-care for patients suffering from addiction. Banyan provides clinical outcomes across medically monitored detox, residential, partial hospitalization, intensive outpatient and telemedicine services. Per its website, it operates across 16 facilities in eight states. The Rise Funds are a core pillar of TPG Rise, TPG’s global impact investing platform. Founded in 2016 by TPG in partnership with Bono and Jeff... Read More »
NewSpring-Backed Patheous Health Acquires Carolina Speech Pathology
Patheous Health, backed by private equity firm NewSpring Capital, announced on May 24 its acquisition of Carolina Speech Pathology for an undisclosed price. This deal expands the company’s mobile dysphagia imaging and education service to 18 states, according to the press release. This is Patheous Health’s second acquisition since April 2020, when the company acquired MBS Envision, a leading innovator in feeding and swallow health for diagnostics and therapeutics. The deal also marks the 31st Behavioral Health Care deal of 2023, according to data captured in the LevinPro HC database. Since 1996, Carolina Speech Pathology has been providing mobile fiberoptic endoscopic... Read More »
Regard Recovery Acquires Three Addiction Treatment Centers
Vertava Health announced on May 15 that it sold three addiction treatment centers to Regard Recovery. The substance use disorder centers are now known as Texas Recovery Center in Scurry, Texas; Swift River in Cummington, Massachusetts; and The Bluffs in Sherrodsville, Ohio. The acquisition of these three centers is part of a scale-back and pivot strategy for Vertava Health as it will allow the company to expand its mental health business and adjust its addicted treatment business trajectory. The acquisition expands Regard Recovery’s state footprint. Before the deal, Regard Recovery operated in Florida, Kentucky, New Jersey, Pennsylvania, Tennessee and West Virginia. According to the... Read More »
ARC Health Acquires Silver Lake Psychology
ARC Health, a Thurston Group portfolio company, announced on May 15 that it acquired Silver Lake Psychology for an undisclosed price. Physician Growth Partners advised Silver Lake Psychology. Silver Lake Psychology cares for more than 100,000 patient visits annually and employs more than 400 providers. It has 15 offices in California, Colorado, Tennessee, Virginia and Washington D.C. ARC Health is a mental health specialty services organization supporting psychiatry, psychology and therapy providers in multiple locations throughout the U.S. ARC was formed in 2021 in partnership with outpatient mental health provider Advanced Recovery Concepts. The company has more than 320 providers... Read More »Schedule a demo
Gain access to the best healthcare and long-term care investment intelligence, data, and analysis.
