Health Connect America Gets New PE Sponsor
The New York City-based Palladium Equity Partners has acquired Health Connect America, Inc., a multi-state behavioral health platform, from Harren Equity Partners. No terms were disclosed. Health Connect America is a multi-state behavioral health platform that treats a comprehensive mix of issues including conduct disorder, substance abuse, autism disorders and emotional disturbance. The Tennessee-based company serves communities across the Southeast and is primarily reimbursed by Medicaid-funded payors. Health Connect America’s comprehensive service offering seeks to provide long-term and sustainable relationships with key constituents in its referral and... Read More »
M&A Demand for Substance Abuse Providers Surge
According to the Centers for Disease Control and Prevention, as of June 2020, 13% of Americans reported starting or increasing substance use as a way of coping with stress or emotions related to COVID-19. This uptick in substance abuse appears to be driving the Behavioral Health Care (BHC) deal market with a notable increase in deals targeting substance abuse treatment centers and providers. In the last two months, 77.7% of our BHC deals have involved the purchase of addiction treatment centers — but during the same time period (June through mid-July) in 2020 and 2019, about 56% of the BHC deals included this specific target type. Most recently, BRC Healthcare, a portfolio company of... Read More »
Medical Properties Trust Grabs 18 Behavioral Health Hospitals
The pubicly traded REIT Medical Properties Trust, Inc. (NYSE: MPW) is significantly expanding its property portfolio. Medical Properties Trust is buying 18 behavioral health hospitals from Welsh, Carson, Anderson & Stowe for $760 million and an interest in the operations of Springstone, LLC, a leading provider of behavioral health services in the United States for $190 million. Springstone provides a full continuum of behavioral care including inpatient, partial hospitalization, and intensive outpatient programs and has targeted diversified geographies with positive demographic trends and a commercial-heavy payor mix. The hospitals, along with additional facilities... Read More »
National Health Investors Grabs Brookhaven Hospital
The healthcare REIT National Health Investors, Inc. (NYSE: NHI) is adding a behavioral health hospital to its portfolio. NHI is buying Brookhaven Hospital, a 64-bed specialty behavioral health hospital in Tulsa, Oklahoma, that specializes in treating patients that have suffered a traumatic brain injury. The deal is valued at $42.3 million; $40.3 million for the facility and $2 million committed for capital improvements over the next two years. The hospital is leased to Vizion Health, a growing operator of behavioral health hospitals led by an executive management team with extensive experience in the industry. The lease has a 15-year maturity with two five-year renewal options and an... Read More »
Community Psychiatry Management Expands Its Network
The San Francisco-based behavioral healthcare company Community Psychiatry Management, LLC is expanding its footprint. The company last week announced the acquisition of MindPath Care Centers, which provides medication management and individual therapy both in-office and via telehealth, addiction recovery services, group therapy sessions and transcranial magnetic stimulation therapy at more than 25 locations in the Carolinas. The merger of the two companies expands the reach of each organization, more than doubling the number of mental health care provider locations to 70 offices and bringing the combined number of clinicians to more than 325. Community Psychiatry Management is backed... Read More »Schedule a demo
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