CorticaCare acquires Springtide Child Development and Melmed Center
CorticaCare announced on April 18th that it acquired two Behavioral Health Care (BHC) organizations: Springtide Child Development and Melmed Center. Springtide Child Development offers family-centered, collaborative care for children with developmental delays and disabilities. Its services include ABA, speech, occupational and physical therapies. It has three locations in Connecticut and three in Massachusetts. Melmed Center provides a compassionate, state of the art approach to the assessment and treatment of behavioral, educational and developmental challenges in children and adults up to the age of 21 years old. CorticaCare’s doctors provide diagnoses for autism, ADHD,... Read More »
Merakey Acquires Elwyn, Creating a $1 Billion Company
On March 28, Merakey announced that it was merging with Elwyn, creating an entity with approximately $1 billion in annual revenue. The merger will create a company with a 12,000-person workforce caring for 55,000 individuals in 16 states. The new company will focus on delivering holistic care and coordinating physical, behavioral and educational services for people with IDD. Elwyn is a Media, Pennsylvania-based provider that offers education, treatment and supportive services to children and adults with autism and IDD. Founded in 1852, the provider currently operates in eight states. The company reported approximately $385 million in revenue in 2022. Merakey is a leading... Read More »
Skyrocketing Investor Interest Driving Behavioral Health Real Estate Industry
Andrew Sfreddo of Blueprint Offers Insights For Investors The behavioral health market has surged in recent years. A rise in patients seeking mental health services coupled with an increase in access has transformed the sector, especially from an M&A perspective. In 2012, there were 17 deal announcements, mostly carried out by Acadia Healthcare Company, Inc., one of the largest publicly traded providers in the industry. Fast forward to 2022 when there were 108 deal announcements, with private equity-backed platforms, health systems, and managed care companies driving much of the activity. Most of these deals have focused on the operators and providers in the space, with scarce... Read More »
Recovery Centers of America Acquires Adolescent & Young Adult Advocates
King of Prussia, Pennsylvania-based Recovery Centers of America has acquired the Bryn Mawr, Pennsylvania-based mental health and addiction treatment provider Adolescent & Young Adult Advocates. Recovery Centers of America said the acquisition will help address early-stage addiction in outpatient settings. Adolescent & Young Adult Advocates will now have the name Adolescent & Young Adult Advocates, Recovery Centers of America. The terms of the deal were not disclosed. Adolescent & Young Adult Advocates offers a comprehensive outpatient treatment program for substance use disorder, anxiety, depression and other mental health issues. It focuses on serving youth aged 14 to 26... Read More »
Hopewell Health Centers Acquires Life & Purpose Behavioral Health
Hopewell Health Centers, Inc. announced on March 2 that it acquired Life & Purpose Behavioral Health. The deal goes into effect on April 1, 2023. The financial terms were not disclosed. Life & Purpose Behavioral Health’s services include psychiatric supportive treatment, counseling, crisis services, early childhood intervention and psychiatry. It is based in Marietta, Ohio. Hopewell Health Centers is a community health center, providing integrated primary care, dental and behavioral health services. It operates out of 22 locations in nine counties across southeast Ohio. According to data captured in the LevinPro HC database, this acquisition represents the 14th Behavioral... Read More »Schedule a demo
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