Centerstone and Brightli Merge  

Centerstone and Brightli Merge  

On July 17, it was announced that Centerstone and Brightli were merging into a company that is valued at a combined annual revenue of $1 billion.  Brightli is a behavioral health care company. Brightli’s subsidiaries include Burrell Behavioral Health (and subsidiary Comprehensive Mental Health Services), Preferred Family Healthcare, Southeast Missouri Behavioral Health, Firefly Supported Living & Employment Services, Adult & Child Health and Brightli Foundation. According to its 2024 financial report, Brightli generates $550 million in revenue annually.  Centerstone is one of the nation’s largest behavioral healthcare providers. It offers a range of treatment,... Read More »
Behind the Deal: DOMA Expands Market Share in Midwest

Behind the Deal: DOMA Expands Market Share in Midwest

DOMA, a provider of intellectual and developmental disabilities (IDD) services, closed June with a deal announcement. The Minneapolis, Minnesota-based company reported that it has acquired Payee Support Services (PSS), an Ohio-based company delivering individualized services for people with IDDs. The deal strengthens DOMA’s presence in the Midwest and marks its entry into the state of Ohio. Agenda Health, an Austin, Texas-based M&A advisory firm specializing in healthcare, acted as the exclusive sell-side advisor in the transaction.  DOMA provides IDD services with a focus on individualized, community-based care. The company provides an array of community living options, which are... Read More »
Behind the Deal: DOMA Expands Market Share in Midwest

Orchard Mental Health Group Acquires Maryland Counseling Associates

Orchard Mental Health Group announced that it has acquired Maryland Counseling Associates, adding four new locations to its footprint and 31 clinicians to its clinical workforce. Financial terms of the deal were not disclosed. Maryland Counseling Associates provides mental health services for children, adolescents and families in Maryland and Pennsylvania. Orchard Mental Health Group, formerly known as Quince Orchard Psychotherapy, offers in-person and virtual therapy, medication management, diagnostics and psychiatric services. Founded in 2015 and is based in Rockville, Maryland, the company merged with private equity firm The Graham Group in May 2023. This marks the third acquisition by... Read More »
ReviveHealth, Inc. Welcomes Canopy to Family of Companies

ReviveHealth, Inc. Welcomes Canopy to Family of Companies

ReviveHealth, Inc. announced that it has welcomed Canopy to its growing family of like-minded organizations. Canopy joins Revive to expand member access, enhance outcomes and accelerate innovation across a broader national footprint. Financial terms of the deal were not disclosed. Canopy has been a partner in employee mental health and well-being for nearly 50 years. As a pioneer in Everyday Assistance Programs, Canopy offers more than traditional Employee Assistance Programs; it provides customized support across mental health, family care, financial wellness, workplace well-being and digital therapy tools. ReviveHealth, Inc. is a virtual-first healthcare company delivering accessible and... Read More »
Bradford Health Announces the Acquisition of The Last Resort, Crestone Wellness and The Chapter House in Texas

Bradford Health Announces the Acquisition of The Last Resort, Crestone Wellness and The Chapter House in Texas

Bradford Health Services announced on July 2 the acquisition of three Texas-based programs: The Last Resort Recovery Center, Crestone Wellness and The Chapter House. The acquisition expands Bradford’s footprint across Central and North Texas. Headquartered in Smithville, Texas, The Last Resort Recovery Center offers comprehensive addiction treatment for men on a secluded 55-acre Central Texas ranch. Its men’s-only program provides the full continuum of care including detox, residential treatment and outpatient services for substance abuse and dual diagnosis conditions. Crestone Wellness is a drug rehab in Taylor, Texas offering comprehensive addiction treatment services including... Read More »
Behind the Deal: DOMA Expands Market Share in Midwest

St. James RVA acquires White Cloud Therapeutic Services

White Cloud Therapeutic Services (WCTS) has officially been acquired by St. James RVA, a strategic buyer in the healthcare field. WCTS is a provider of individual and group mental health services in Williamsburg, Virginia. Founded and led by Dr. Joseph A. Garcia, WCTS serves a diverse client base through in-person and telehealth counseling, offering individual, couples and family therapy. Viking Mergers & Acquisitions advised Dr. Garcia in the sale. The original press release from June 9, 20225 noted that he was ready to step away from business ownership to focus on individual counseling and personal pursuits. “I am very pleased with the great buyer Viking found and am confident... Read More »