Shannon Medical Center Acquires River Crest Hospital
On June 8, Shannon Medical Center announced that it entered into an agreement to acquire River Crest Hospital, an 80-bed medical center focused on behavioral health and based in San Angelo, Texas. The seller was Universal Health Services, Inc. Shannon Medical Center, also located in San Angelo, Texas, is a medical center offering comprehensive medical care to patients of all ages. It is part Shannon Health System. Shannon Health System provides patients with access to more than 350 providers in more than 40 medical specialties across multiple locations in Texas. This acquisition will help expand Shannon Medical Center’s presence in the area. The financial terms were not... Read More »
Pathways Recovery Centers Adds Serenity Park Recovery Center
Pathways Recovery Centers has announced the addition of Serenity Park Recovery Center in Little Rock, Arkansas, to its growing roster of mental health and addiction treatment programs. Financial terms of the deal were not disclosed. Founded in 1972, Serenity Park Recovery Center offers addiction recovery in Arkansas. Previously known as Serenity House, the facility was one of the first in Arkansas to offer a gender-specific program for women. It moved to its current location in Little Rock in 1990, and was acquired by businesswoman Tara Tinnin in 2018. Pathways Recovery Centers offer men and women the opportunity to find freedom from addiction and mental health challenges. The organization... Read More »
Click Therapeutics Acquires Assets of Better Therapeutics
On May 22, Click Therapeutics, Inc. announced that it had acquired assets of Better Therapeutics, Inc. Better Therapeutics is a first-in-class prescription digital therapeutic developed to deliver behavioral therapy to patients. Better went public through a merger with SPAC Mountain Crest Acquisition Corp. during the fall of 2021. The Better Therapeutics assets being acquired include the first FDA-authorized prescription digital therapeutic for type 2 diabetes, AspyreRx, as well as development candidates BT-002, BT-003 and BT-004 for hypertension, hyperlipidemia and metabolic dysfunction-associated steatohepatitis. Click Therapeutics, Inc. develops, validates and... Read More »
Mind Body Optimization Acquires Mind Body Wellness
On May 6, Mind Body Optimization (MBO) announced that it entered into an agreement to acquire Mind Body Wellness. Mind Body Wellness is a mental health provider that operates out of Franklin, Tennessee. It focuses on mental health as well as addiction. MBO is an outpatient mental health center that operates out of locations in Texas and Tennessee. It offers treatment for depression, anxiety, PTSD and trauma. With this acquisition MBO operates out of five locations: Southlake, Plano and Fort Worth, Texas, as well as Franklin and Knoxville, Tennessee. The financial terms of the acquisition were not disclosed. According to data captured in the LevinPro HC database,... Read More »
PE-Backed Your Behavioral Health Acquires Insight Treatment Programs
Your Behavioral Health, a portfolio company of private investment firm Comvest Partners, has acquired Insight Treatment Programs. Insight joins Your Behavioral Health’s regional network of behavioral health clinics providing mental health and addiction treatment care for teens and adults. Founded in 1993, Insight Treatment Programs is a Southern California provider of teen outpatient mental health and addiction treatment programs. Insight operates six locations across the Los Angeles and Modesto, California MSAs, providing intensive outpatient services and community-focused support to adolescents and their families. Your Behavioral Health is a Torrance, California-based behavioral health... Read More »Schedule a demo
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