BayMark Health Services Expands In New Hampshire

BayMark Health Services Expands In New Hampshire

BayMark Health Services, a provider of substance abuse treatments, announced that it was acquiring Granite Recovery Centers, based in Salem, New Hampshire. The financial terms of the deal were not disclosed. Granite Recovery Centers has two residential treatment facilities and several sober living homes throughout southern New Hampshire that serve adult patients from across New England and throughout the country. Granite Recovery Centers offers treatment for a variety of addictions including opioids, alcohol, cocaine, methamphetamine, prescription drugs and other substances. BayMark Health Services, a portfolio company of Webster Equity Partners, provides medication-assisted treatment for... Read More »
Elite DNA Therapy Services Acquires Impact Behavioral Health

Elite DNA Therapy Services Acquires Impact Behavioral Health

Elite DNA Therapy Services has acquired Impact Behavioral Health in Tallahassee, Florida for an undisclosed amount, expanding the mental health services provider’s presence in the state to North Florida and the Panhandle area. Elite DNA Therapy Services is one of the largest mental health providers in Florida. Although originally focusing on children, services have expanded to adults and families. The company provides psychiatry and psychotherapy services as well as Transcranial Magnetic Stimulation treatment for major depression. Founded in 2013, Elite DNA has offices across the state in Fort Myers, Cape Coral, Lehigh Acres, Loxahatchee, Naples, Port Charlotte,... Read More »
CloudMD Acquires MindBeacon

CloudMD Acquires MindBeacon

On November 15, CloudMD Software & Services Inc. announced that it will acquire MindBeacon Holdings Inc. for C$116 million, or the equivalent of $92.4 million. Based in Toronto, Canada and founded in 2016, MindBeacon is a leading digital mental healthcare platform that provides a continuum of care, focusing on iCBT (internet-based Cognitive Behavioral Therapy), which is an effective therapy provided through a computer or a mobile device. MindBeacon has established relationships across a broad spectrum of B2C and B2B distribution channels, including healthcare providers, employers and governments. CloudMD, formed in 2013 and previously known as Premier Health Group, offers SAAS-based... Read More »
Ventas Enters the Behavioral Health Market

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 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 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 »