Sabino Recovery Purchases Cypress Lakes Lodge

Sabino Recovery Purchases Cypress Lakes Lodge

On October 26, Sabino Recovery, run by Thomas Isbell, announced its acquisition of Cypress Lakes Lodge, marking the 89th Behavioral Health Care (BHC) transaction of the year.  Sabino Recovery specializes in the treatment of childhood or adult trauma, PTSD, anxiety, depression, substance abuse and addictions. The company is based in Tucson, Arizona and was founded in 2015.  Based in Woodville, Texas, Cypress Lakes Lodge treats substance abuse from alcohol to opioids. It was established in 2017 and has a team of six dedicated employees to aid people in their recovery.  This acquisition expands and strengthens Sabino Recovery’s substance use treatment capabilities into... Read More »
AbleTo, Inc. Acquires Digital Therapy Platform Joyable

AbleTo, Inc. Acquires Digital Therapy Platform Joyable

Behavioral health care is starting to take a new form, and it might even fit in our pocket. AbleTo, Inc., a technology-enabled behavioral health care company, announced its purchase of Joyable for an undisclosed sum. Joyable operates an app-based digital therapy platform that provides patients and users with mental health support and guidance. Behavioral health and digital health have overlapped in recent years, and this deal is just more evidence that behavioral health care is changing. AbleTo aims to strengthen its virtual behavioral health care with a digital platform that delivers clinically-based therapies. AbleTo provides treatment virtually through a network of more than 600... Read More »
Acquisition of Civitas Tops 2018 Behavioral Health Care Deals

Acquisition of Civitas Tops 2018 Behavioral Health Care Deals

The biggest deal in the Behavioral Health Care sector featured a growing trend in healthcare M&A: a publicly traded company taken private. In this case, it was Centerbridge Partners buying Civitas Solutions, Inc. (NYSE: CIVI) for approximately $1.4 billion.  Founded in 1980, Civitas Solutions provides home- and community-based health and human services to must-serve individuals with intellectual, developmental, physical or behavioral disabilities and other special needs. The Boston-based company markets its services nationally as The Mentor Network and provides behavioral health care in 36 states. Under the terms of the agreement, Centerbridge will acquire all outstanding shares of... Read More »