The merger of the Pennsylvania-based nonprofits Merakey and Elwyn — which would have created a $1 billion-revenue organization — has been called off. While the two nonprofits declined to answer questions about why the tie-up didn’t materialize, a C-suite executive of Merakey told Behavioral Health Business that “both organizations mutually agreed to walk away from […]
Applied behavioral analysis (ABA) provider Behavioral Framework received a new investment from private equity firm Renovus Capital Partners. Behavioral Framework plans to use the funds to professionalize and invest in its services as well as to onboard new leadership, CEO Kyle West told Behavioral Health Business. The company declined to share the specific amount of […]
After a tumultuous 2023, 2024 may be a steadier year for the behavioral health industry. While behavioral health deals slipped in 2023, Behavioral Health Business expects M&A to pick up this year as interest rates fall and the economy stabilizes. Still, the M&A craze of 2021 is unlikely, and mega deals will be scarce. This […]
The industry outlook for community-based intellectual and developmental disability (IDD) providers worsened in 2023. Poll data from the nonprofit advocacy organization American Network of Community Options and Resources (ANCOR) shows that 60% of professionals polled at 581 organizations that operate in 45 states and the District of Columbia said that their organizations were likely to […]
Addressing the staffing shortage among autism service providers will likely require a multi-pronged approach. As rates of autism diagnosis have rapidly increased over the past few years, providers have struggled to keep up with the demand. Still, operators have successfully retained talent by building new career pathways for employees, increasing pay, and creating a meaningful […]
Direct-to-consumer virtual operator Done has opened 30 physical clinic locations across the country. Like Done’s virtual services, these new locations will be focused on providing ADHD care and medications to adults. This move comes less than a year after the Drug Enforcement Administration (DEA) released a proposed rule that would essentially end the virtual telehealth […]
Many health services are designed for neurotypical people, which can make it difficult for people with autism and other neurodiverse conditions to access offerings, such as primary care and dental care. But more autism providers are looking to tackle this issue by integrating specialized medical care under their roofs. Creating a “one-stop shop” for autism […]
The intellectual and developmental disability (IDD) field may be one of the most complex and fragmented segments of the behavioral health industry. That has not prevented IDD providers, however, from driving an impressive number of deals. That includes both for-profit and nonprofit organizations. “Having run and operated within all verticals of behavioral health, IDD is […]
The Center for Autism and Related Disorders’ (CARD) bankruptcy was bad news for investors placing big bets in the autism therapy space. But there are upsides for the company. CARD’s new owners, Doreen Granpeeseh and Sangam Pant get a clean slate at the scaled autism therapy company. And it’s a company with which they are […]
KKR-backed autism therapy provider BlueSprig Pediatrics has acquired Lakewood, Colorado-based Trumpet Behavioral Health. The deal, announced on Wednesday, also includes Trumpet Behavioral Health’s sub-brands, Therapeutic Pathways and The Behavior Center. BlueSprig purchased Trumpet from New York City-based WindRose Health Investors, which acquired the company in 2017. The terms of the deal were not announced. Trumpet […]
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