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BayCare Health System Expands Florida Presence
BayCare Health System announced that it acquired Tampa-based Northside Behavioral Health Center. BayCare Health operates 13 hospitals and hundreds of outpatient locations throughout the Tampa Bay and central Florida regions. Northside Behavioral Health Center, established in 1976, is a non-profit organization committed to serving Hillsborough County, Florida residents suffering from or at risk for mental illness. As of January 1, 2023, when the deal was finalized, the Northside Behavioral Health Center was renamed BayCare Northside Behavioral Health Center. The financial terms of the acquisition were not disclosed. According to data captured in the LevinPro HC database, this marks the... Read More »
Integrative Life Network Acquires Shadow Mountain
Integrative Life Network has acquired Shadow Mountain. The deal will give ILN’s clients increased diversity in care, including evidence-based, trauma-resolution modalities, in-network payment options, detox and multiple locations in the Southwest, a new territory for ILN. Terms of the deal were not disclosed. Shadow Mountain provides substance use disorder treatment in New Mexico including detox, gender-specific residential programming and outpatient services. ILN offers trauma-focused treatment programs through Integrative Life Center, Begin Again Institute and Boulder Recovery. According to the LevinPro HC database, this was the 44th Substance Use Disorder transaction of 2022. This... Read More »
Easterseals UCP Combines With PORT Health
PORT Health, as of January 1, 2021, will be an affiliate of Easterseals UCP as the two non-profits combine to expand their continuum of services. As a result of the transaction, people across North Carolina and Virginia will benefit from a broader range of comprehensive services for collaborative, whole person care. Luanne Welch, CEO of Easterseals, will lead the new combined organization and its executive team. PORT Health CEO Tom Savidge will continue to lead PORT Health operations and serve as Easterseals UCP’s Chief Growth Officer. Together, Easterseals UCP and PORT Health will employ approximately 2,600 people and serve more than 38,000 individuals throughout North Carolina and... Read More »
Carl Marks Securities Advises on Sale of Cornerstone Treatment Facilities Network
Carl Marks Securities LLC, an affiliate of middle market investment bank Carl Marks Advisors, announced that it advised Cornerstone Treatment Facilities Network on its sale to New York-based Aurora Health Network. Carl Marks previous experience in addiction and behavioral healthcare services includes the financial restructuring of American Addiction Centers and positioning that company for long-term growth with a new board of directors. Financial terms of the private transaction were not disclosed. Founded in 1936, Cornerstone Treatment Facilities Network is an employee-owned addiction care provider with locations in Fresh Meadows and Rhinebeck, New York in the Hudson Valley. A... Read More »
New Investors Push Into Behavioral Health Market
For the past several years private equity firms and their portfolio companies have driven the behavioral healthcare M&A market, but a new mix of strategic investors have entered the field, from REITs to managed care providers and health systems. Although activity is slower than compared to 2021, the behavioral health market is still experiencing significant tailwinds from growing demand for mental health services and significant fragmentation in the industry. Deal volume for 2022 is sitting at just under 100 deals, but we expect to cross the 100-mark threshold before the end of the year. In 2021, investors and dealmakers announced 125 transactions in the Behavioral Health Care sector. ... Read More »Schedule a demo
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