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NEWS2019-08-12T19:16:29-04:00

INDUSTRY NEWS

Turnbridge® expands high-quality mental health and addiction treatment to Westport

January 8th, 2020|

WESTPORT, Conn., Jan. 8, 2020 /PRNewswire/ -- Turnbridge® is proud to take ownership of Clearpoint Recovery Center, an intensive outpatient treatment program in Westport, Connecticut. The program treats adults with substance use and co-occurring mental health disorders. By acquiring Clearpoint, Turnbridge can provide a new level of high-quality, integrated addiction and mental health treatment to adults in Westport and surrounding communities. The new entity is called Turnbridge Westport.

Galen Partners completes acquisition of Evolve Treatment Centers, a leading provider of adolescent behavioral health services in California

January 8th, 2020|

STAMFORD, Conn., Jan. 08, 2020 (GLOBE NEWSWIRE) -- Galen Partners, a healthcare-focused growth equity investment firm, announced today the acquisition of Evolve Treatment Centers. Headquartered in Los Angeles, CA, Evolve is a leading adolescent behavioral health services provider, specializing in mental health, trauma, and substance abuse for adolescents in need. Evolve’s mission is to transform the teen mental health space, ensuring that teens and their families have the highest level of compassionate care available.

LHC Group Adds $23.8M in Revenue; BelHealth-Backed Care Advantage Lands Amaisa Home Care

January 7th, 2020|

LHC Group completes JV purchase, expansion agreements LHC Group Inc. (Nasdaq: LHCG) has hit the ground running in 2020. The Lafayette, Louisiana-based home health, hospice and personal care powerhouse announced Monday it has finalized joint venture purchase and expansion agreements in Texas, Arkansas and Louisiana. The transactions — all effective as of Jan. 1 — represent annualized revenue of about $23.8 million.

The Stepping Stones Group Acquires STAR of CA

January 6th, 2020|

BOSTON, Jan. 6, 2020 /PRNewswire/ -- The Stepping Stones Group (Stepping Stones), a leading national provider of therapeutic, behavioral and autism services to children in educational and community settings, today announced the acquisition of STAR of CA, a California based provider of home, community, and school-based Applied Behavioral Analysis (ABA) and mental health services.

The Pennant Group Acquires Home Health Agency in Nevada

January 2nd, 2020|

EAGLE, Idaho, Jan. 02, 2020 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced that a subsidiary of Cornerstone Healthcare, Inc., Pennant’s home health and hospice portfolio subsidiary, has acquired the assets of Desert View Home Health, which provides home health services in Clark County, Nevada. The acquisition was effective January 1, 2020.

Traditions Health Expands Presence in Greater Austin Area; Acquires Guiding Hospice

December 23rd, 2019|

ROUND ROCK, Texas, Dec. 23, 2019 /PRNewswire/ -- Traditions Health, LLC ("Traditions"), a hospice and home health provider in Texas, California and Arizona, announced that it has acquired Guiding Hospice ("Guiding"). Guiding is a provider of hospice services based in Round Rock, just north of Austin. Guiding's footprint strategically expands Traditions' reach in the greater Austin area, allowing Traditions to provide a high quality of clinical care to a broader base of patients. Chris Willis and Kyle Dugan, the owners and operators of Guiding Hospice, will be joining the Traditions team.

Provident Healthcare Partners Advises Comprehensive Autism Center In Its Acquisition By The Speech Pathology Group

December 20th, 2019|

BOSTON and LOS ANGELES, Dec. 20, 2019 /PRNewswire/ -- Comprehensive Autism Center (CAC), an autism services provider offering in-home and center-based ABA therapies, has been acquired by the Speech Pathology Group (SPG), a portfolio company of Ridgemont Equity Partners. CAC provides clinically proven, community-oriented, and outcome-tracking treatments to pre- and early school aged clients throughout Southern California. Provident Healthcare Partners ("Provident") served as exclusive financial advisor to Comprehensive Autism Center. The terms of the transaction were not disclosed.

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