Braff Group Advises on Sale of Two Companies in Northern Virginia
The Braff Group, a Pittsburgh, Pennsylvania-based M&A advisory firm specializing exclusively in health care services, announced the completion of an acquisition of Community Concepts Inc. and Community Visions LLC by Beacon Specialized Living. Both companies run residential and day support programs in Northern Virginia. Community Concepts provides residential, in-home and day support services to persons with Intellectual/developmental disabilities (I/DDs) in the Northern Virginia area. Founded in 2008, Community Visions provides services, education and advocacy to ensure that people with disabilities direct their own lives. Beacon Specialized Living, a portfolio company of Pharos... Read More »
Substance Use Disorder M&A Market During 1H 2024
The substance use disorder (SUD) specialty is often the most active submarket in the Behavioral Health Care (BHC) sector, and the first half of 2024 was no exception. According to data captured in the LevinPro HC database, 10 SUD deals were announced during the first six months of 2024, making up about 28% of all BHC deals announced during that time. 1H 2024 activity mirrored the activity witnessed in the first half of 2023, when SUD deals comprised 27% of all BHC deals announced. This consistency reflects sustained investor interest in the SUD treatment space. However, a comparison to the first half of 2022 (36% of BHC deals) and 2021 (34% of BHC deals), when SUD deal totals hit 21... Read More »
LITALICO Acquires Developmental Disability Centers of Nebraska for $50 Million
On June 28, LITALICO Inc. announced that it acquired Disability Centers of Nebraska (DDCN) for $50 Million. LITALICO will pay $29.5 million upfront and $20.5 million in an earn-out over three years. DDCN is a Medicaid-certified disability services provider based out of Omaha, Nebraska. It provides care for persons with disabilities and/or behavioral disorders. It was founded in 2015 and has 17 group homes in Nebraska. LITALICO is one of Japan’s largest intellectual and developmental disability (IDD) providers. According to the company’s financial reports, for the first quarter of 2024, LITALICO reported revenue of $7.72 billion. Following the acquisition, LITALICO... Read More »
Brightside Health Expands into Substance Use Disorder and Virtual Intensive Outpatient Treatment
Brightside Health announced on June 12 that it will now offer virtual intensive outpatient programs (IOP) for substance use disorder (SUD). Brightside Health’s acquisition of Lionrock Recovery launched this new service, enabling the company to provide comprehensive telemental health treatment for a wider range of mental health conditions, including anxiety, depression, suicidal thoughts, alcohol use disorder and SUD. Founded in 2010, Lionrock Recovery was an early pioneer in virtual substance abuse counseling. Lionrock Recovery takes a personalized approach to care and leverages technology to break down barriers for those struggling with alcohol and other substance use. Brightside Health... Read More »
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 »Schedule a demo
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