EAGLE, Idaho, May 18, 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 it has acquired two affiliated hospice agencies in Arizona: Prime Hospice, operating in the Phoenix metro area; and Harmony Hospice of Arizona, located in Kingman and serving northwestern Arizona The acquisition was effective May 16, 2020. “These acquisitions are a great example of an off-market opportunity resulting from relationships we developed over many years,” said Daniel Walker, Pennant’s Chief Executive Officer. “We continue to source a number of off-market opportunities and marketing offerings as understanding of our innovative operating model, patient-centered approach to care, and emphasis on healthy culture continues to spread within the industry,” he added. “We are excited about our continued growth in Arizona, where we have become a leading provider of hospice care,” said Brent Guerisoli, President of Cornerstone Healthcare, Pennant’s home health and hospice portfolio company. He added, “We have been following Prime and Harmony closely for a number of years and have been impressed by their firm commitment to quality patient care and their excellent relationships in the local healthcare communities. We welcome their teams and look forward to building upon their past success within our cluster-centered operating model.” Pennant expects to close on the acquisition of a third affiliated hospice agency also located in the southwestern United States on or before July 1, 2020, subject to standard closing conditions. Mr. Walker reaffirmed that Pennant continues to pursue opportunities to acquire home health, hospice and senior living businesses throughout the United States. Trackbacks/Pingbacks 1. Enhanced Healthcare Partners Invest in NeuroPsychiatric Hospitals - [...] a leading provider of integrated healthcare for patients with acute psychiatric disorders and complex medical and neurological disorders...

Acorn Health Acquires Behavior Basics, LLC in Alexandria, VA May 18, 2020 02:37 PM Eastern Daylight Time MIAMI–(BUSINESS WIRE)–Acorn Health, a national provider of Applied Behavior Analysis (“ABA”) therapy for children diagnosed with autism, is pleased to announce the acquisition of Behavior Basics, LLC, a provider of high quality, center-based and in-home ABA therapy in Alexandria, Virginia. The acquisition of Behavior Basics expands Acorn Health’s current capabilities in the Northeastern region of Virginia. Acorn Health now has a significant presence across the state of Virginia and is currently providing ABA services throughout Michigan, Illinois, Virginia, and Florida. Acorn Health Acquires Behavior Basics, LLC in Alexandria, VA-Acorn Health, a provider of Applied Behavior Analysis (ABA) therapy for children diagnosed with autism, acquires Behavior Basics, LLC, a provider of center-based and in-home ABA therapy Tweet this “Gabi Torres and her incredible staff at Behavior Basics have been providing high quality and family-centered ABA services for the community in and around Alexandria for many years and we are so fortunate to be adding them to our team,” said Lorraine Riche, President of Acorn Health’s East Coast Region. “Our mission at Acorn is to give the next generation of children with autism every opportunity to live an independent and meaningful life and with this acquisition we are one step closer to reaching that goal.” “My goal at Behavior Basics has always been to be a place where people want to work and a place that provides the highest quality services to our clients. By joining Acorn Health, we join forces with a group of people who care deeply about their employees and the families they serve. Together, we will be able to meaningfully expand our services and support more families in need of care,” said Gabi Torres, Founder of Behavior Basics. Autism has been recognized as the fastest growing developmental disability. Identifying at-risk children by two years of age leads to the highest likelihood of early intervention. Research suggests that early intervention programs are beneficial for children with autism spectrum disorder, often improving developmental functioning and decreasing maladaptive behaviors and the severity of symptoms. ABA is one of the most researched and widely accepted forms of behavior therapy for children with autism, and at Acorn Health, clinicians work closely with each family to help their children find their strengths and develop independent, meaningful lives. “We are thrilled to welcome Behavior Basics to the Acorn Health Family!” said Katie Wilcox, a Board-Certified Behavior Analyst (BCBA) and Acorn Health’s Regional Director of Operations. “We have worked collaboratively with the staff at Behavior Basics and feel fortunate to join forces with an excellent group of clinicians who share our commitment to quality of services, collaboration, and offering the best experience to our clients. We look forward to a bright future serving the Northern Virginia region with this partnership.” This article originally appeared in BusinessWire Click the link to read Acorn Health Acquires Family of ABA Therapy Companies From CFN.

NASHVILLE, Tenn.–(BUSINESS WIRE)–Integrative Life Center (ILC), a nationally recognized treatment center for mental health and substance use disorders, today announced the acquisition of Begin Again Institute of Boulder, Colorado, a treatment center specializing in treating sex and pornography addiction in adult males. “The depression, anxiety and isolation brought on by the COVID-19 pandemic are only going to make a bad problem that much worse. Together, ILC and Begin Again are honored and grateful to be well-positioned to serve those in need.” “Begin Again Institute shares ILC’s belief that we must address core issues and deep-rooted trauma, not just the resulting behaviors, to experience healing and lasting transformation. Dr. Michael Barta is an incredibly talented thought leader and clinician in our field, and his addition to ILC’s executive leadership team adds a tremendous depth of expertise. We are thrilled to enter into a fully integrated partnership with BAI, especially as the number of people struggling with mental health and intimacy disorders in our country continues to rise,” said Ryan Chapman, CEO of Integrative Life Center. “The depression, anxiety and isolation brought on by the COVID-19 pandemic are only going to make a bad problem that much worse. Together, ILC and Begin Again are honored and grateful to be well-positioned to serve those in need.” Founded in 2008, Begin Again Institute helps men heal both the cause and symptoms of their sexually addicted behaviors and rebuild relationships with damaged wives, partners and other relationships. The Institute’s founder, Dr. Michael Barta, works with nationally recognized trauma specialists to understand and develop treatment for sexual addiction as the result of attachment disorders. He developed the TINSA™ (Trauma-Induced Sexual Addiction) model of treatment utilizing the most recent research concerning the neurobiological formation and treatment of sex addiction and continues to publish numerous articles and book chapters regarding psychological issues and sexual addiction. Led by Certified Sex Addiction Therapists and Certified Clinical Partner Specialists utilizing dialectical behavioral therapy (DBT), the Trauma Resiliency Model (TLM), Psychobiological Approach to Couples Therapy (PACT), BrainSpotting and other evidence-based therapies, Begin Again Institute offers a variety of treatment programs, including a 14-day Men’s Intensive, Individual and Group therapy, 3-day Couples Intensives, 2-day Partner’s Intensives, and online courses. “From the moment I started speaking with Ryan Chapman, I knew our philosophies were a perfect match,” Dr. Barta said. “I’m very excited for Begin Again Institute to be strategically partnered with Integrative Life Center so that we can continue our shared mission to help as many people as possible get free from addiction.” Part of the national recovery community for over a decade, ILC integrates evidence-based methods with non-traditional approaches in a holistic program for clients to achieve lasting recovery of body, mind and spirit. The community reintegration model provides personalized treatment plans, so clients can progress at their own pace in a real-world environment. ILC is one of the only mental health and addiction treatment centers with a protocol for testing clients for COVID-19 upon admission and if necessary, providing a supervised quarantine environment with telehealth services until the client is cleared to join group therapies. In addition to the multi-disciplinary, evidence-based therapies that ILC provides — cognitive behavioral therapy (CBT), comprehensive resource model (CRM), dialectical behavior therapy (DBT) and EMDR, as well as adventure, spiritual and experiential methods — Dr. Barta’s highly effective TINSA™ model is being integrated into the sex addiction program for men. Those who may need treatment in addition to the two-week intensive at Begin Again Institute in Boulder can consult with the same admissions department to arrange for a higher level of care at ILC. This article originally appeared in an article in BusinessWire.

Bluebird Homecare, a Nashville, Tennessee-based home care company, has acquired Champion Caregivers in Fort Worth, Texas, and is looking to keep expanding. The company has five locations, including the addition in Fort Worth, and has been in operation since 2015. Read more here… Home Health Care News.

The evolution of Amedisys Inc. (Nasdaq: AMED) continues. The Baton Rouge, Louisiana-based home health, hospice and personal care provider announced early Monday morning that it has a deal in place to acquire AseraCare Hospice for $235 million. As structured, the agreement includes a $32 million tax asset, effectively lowering the overall purchase price to $203 million. “AseraCare is a great hospice company,” Amedisys CEO and President Paul Kusserow told Home Health Care News. “When we decided that hospice was a business line we wanted to move forward in back in 2016, we actually approached AseraCare. But they weren’t for sale.” Read more here… Home Health Care News

Transactions Rebound as Providers Find ‘New Normal’ The second quarter of 2020 saw the lowest number of home health, home care, and hospice transactions since the end of 2017. That sudden downturn was not a surprise, as the COVID-19 pandemic threw cold water on deal-making conversations while casting a long, uncertain shadow on all senior care subsectors. Since spring, however, home-based care buyers and sellers have had a chance to adapt to the “new normal” focused on infection control, government relief, and new telehealth technologies. Across the home health, home care, and hospice landscapes, patient and client volumes have additionally rebounded. Transaction activity appears to have recovered as well, particularly for home health assets. “I probably sound like a broken record at this point, but hospice M&A activity remains healthy, with the only issue being demand that far outpaces supply,” Mertz Taggart Managing Partner Cory Mertz says. “The real takeaway from Q3 is that we’re starting to see home health deals return, which is great news headed into 2021.” Cory Mertz, Managing Partner In total, there were 25 transactions across home health, home care, and hospice in Q3 2020, Mertz Taggart data shows. That’s at least four more deals than in the previous quarter, with some deals likely still unreported. The sum of sub-industries (broken down above) does not always equal total sector deal volume, as some transactions include more than one sub-industry. Home Health Deals Spike In Q2, there were just five home health transactions, a sharp decline from the 14 that took place in Q1 2020. “Looking back, those five deals made up the lowest home health total that we’ve had since we started tracking this data,” Mertz says. “But we’re back to business as usual, for the most part.” In contrast to the second quarter, there were at least nine home health deals in Q3 2020. Among the known deals: The Pennant Group Inc. (Nasdaq: PNTG) announced in September that it had acquired CMS Home Health Care, a Texas agency with locations in Brownwood and Coleman. Texoma Medical Center also acquired Northeast Medical Center Home Health in September. In August, Actinium Healthcare Holdings announced its acquisition of Central Home Health Services of Texas Inc. There are multiple reasons for the spike in home health deals. As noted in previous M&A updates, home health providers are feeling increasingly confident in their ability to navigate the Patient-Driven Groupings Model (PDGM) and its impact on cash flow. Another factor is the home health-to-hospice recalibration happening among the large strategic buyers. “Strategic buyers have been focused on tri-locating home health, home care, and hospice in their markets, with priority on hospice,” Mertz said. “But many of them have rapidly expanded into hospice now, and hospices are still hard to find. In turn, attention is returning to home health, which is maybe an easier way to penetrate new markets.” Apart from the reported deals, Mertz Taggart is also hearing of several additional conversations taking place, perhaps laying the groundwork for a blockbuster Q4 and 2021. Hospice Demand Remains High The hospice subsector again dominated in-home care transactions, as it has since the start of last year. In all, there were at least 16 hospice-related deals in Q3 2020, two more than the 14 transactions reported during the previous quarter. Overall, Mertz Taggart has logged more than 150 hospice transactions since Q1 2017. Private equity was the driving force behind at least 11 of last quarter’s hospice deals. “PE buyers are hungry for hospice,” Mertz says. “While past interest has partly been tied to home health uncertainty, some of the new interest may be linked to emerging Medicare Advantage opportunities for hospice providers.” At the end of September, PE-backed Three Oaks Hospice purchased Hospice Partners of Kansas, marking the Texas-based company’s entry into the Kansas and Missouri markets. Also in September, PE-backed Bristol Hospice completed its acquisition of Remita Health, the provider’s seventh acquisition of 2020. Meanwhile, Traditions Health expanded into two new states in August, with the acquisitions of Faith Hospice of Oklahoma and Embrace Hospice of Georgia. Traditions followed up on those deals by purchasing Physician’s Choice Hospice and Palladium Hospice the following month. Home Care Nears Possible Boom Compared to the home health and hospice markets, home care M&A activity was slow in the third quarter. Mertz Taggart tracked just two deals, down compared to Q2’s five transactions and Q1’s seven transactions. “There’s still a lot of demand in this area,” Mertz says. “There just haven’t been a lot of attractive assets on the market, and many of these transactions don’t get reported.” While it didn’t close in Q3, there was one major home care-related acquisition agreement announced. In a deal expected to close before the end of 2020, The Providence Service Corporation (Nasdaq: PRSC) announced on Sept. 29 that it had entered into a definitive agreement to purchase home-based care company Simplura Health Group for an enterprise value of $575 million. New York-based Simplura operates home health and non-medical personal care agencies in seven states. “Above all, Simplura advances our vision to create the nation’s preeminent social determinants of health company,” Daniel Greenleaf, president and CEO of Providence, said after the agreement was announced. It’s worth mentioning that Simplura generated $463 million in revenue and $49.6 million in Adjusted EBITDA for the 12-month period ending June. This translates to transaction multiples of 1.24x revenue and 11.6x adjusted EBITDA. “Providence is trading at about 22x EBITDA, so this transaction allows them to both be aggressive on their valuation and still be very accretive to their earnings,” Mertz commented. Despite the slow Q3 for home care, Mertz Taggart believes Q4 will bring record or near-record deal volume when more assets come to market. “There are a lot of home care transactions currently in process across the country, with a goal of closing before year-end. They may not all get across the finish line by December 31, but that’s the objective,” Mertz suggested. The 2021 Picture Hospice is still hot, home health M&A is picking up and home care is sprinting into Q4. All of that suggests that 2021 will be an exciting, action-packed year for deal-making, especially if the COVID-19 situation is partially resolved through a publicly available vaccine. Trackbacks/Pingbacks Centerbridge Partners, The Vistria Group Acquire Wellspring’s Help at Home - Healthcare & Pharma and Nutrition - […] saw the lowest number of home health, home care and hospice transactions since the end of 2017, according to… Centerbridge Partners, The Vistria Group Acquire Wellspring’s Help at Home – My Blog - […] saw the lowest number of home health, home care and hospice transactions since the end of 2017, according to… Centerbridge Partners, The Vistria Group Acquire Wellspring’s Help at Home » RegentCares - […] saw the lowest number of home health, home care and hospice transactions since the end of 2017, according to… Home Health, Hospice & Home Care M&A 2020 Year in Review: A Tale of Two Halves – Mertz Taggart - […] health, hospice and home care transactions during the first three quarters of 2020, Mertz Taggart data shows. While the… Insights Series: Videocasts – Mertz Taggart - […] Streaming NOW: Managing Partners Cory Mertz and Kevin Taggart discuss the Q3 2020 Home Health, Home Care and Hospice… My Homepage - ... [Trackback] [...] Read More: mertztaggart.com/home-health-home-care-and-hospice-mergers-acquisitions-quarterly-report-q3-2020/ [...]

PEORIA, Ill., Nov. 12, 2020 /PRNewswire/ — OSF Ventures has joined an early round of funding for Madison, Wisconsin-based DotCom Therapy, a therapist-founded company specializing in skilled, face-to-face, online therapy services. Speech language pathologist Rachel Robinson founded the company in 2015 as a solution to widespread therapy shortages for children across the country. “We really saw value in a company that is filling the need for mandated special education services required for 14% of all public school children across the country,” said Stan Lynall, vice president for OSF Venture Investments. “In many cases, video visits supplement what the schools are able to provide through their own, school-based therapists.” Lynall added, “We are excited to partner with DotCom Therapy as they expand their service offerings to health care systems.” DotCom Therapy provides services to more than 250 schools across the U.S. It offers mental health counseling, speech therapy, occupational therapy, and behavioral health services. OSF Ventures joins New Capital Partners in the Series A funding to grow DCT’s customer base and scale their services into health care systems such as Peoria-Illinois-based OSF HealthCare which will launch a pilot using Dotcom Therapy for children who are on the autism spectrum. Read the full press release. Trackbacks/Pingbacks Behavioral Health M&A Quarterly Report: Q4 2020 – Mertz Taggart - […] a platform deal, New Capital Partners and OSF Ventures, part of the OSF Health System, […]

COLLEGE STATION, Texas, Dec. 7, 2020 /PRNewswire/ — Traditions Health, LLC (“Traditions”), a national hospice and home health provider, announced that it has acquired Centennial Hospice (“Centennial”), a provider of hospice services in Oklahoma. The acquisition of Centennial strengthens Traditions’ leading presence in the Oklahoma City market. Kevin Offel, the President and CEO of Centennial who will be taking on a regional leadership role for Traditions post-transaction, remarked “We look forward to joining the Traditions team where we will continue to provide exceptional care and service to our patients. It has been a great pleasure working alongside the Centennial ownership group, management team and our loyal team of caregivers. We are excited to continue this journey under the Traditions umbrella.” As a leading provider of hospice and home health services, Traditions offers skilled nursing, therapy services, and both physical and spiritual end of life care. The transaction announcement was made by Bryan Wolfe, the President and CEO of Traditions.  “I am extremely excited to strengthen our existing presence in Oklahoma. This is an enormous accomplishment for our organization, and we could not be more excited to welcome the employees and patients of Centennial into the Traditions family,” said Mr. Wolfe. Read the full press release here. Trackbacks/Pingbacks Home Health, Home Care and Hospice M&A Report: Q4 2020 – Mertz Taggart - […] December, private equity-backed post-acute care provider Traditions Health purchased Oklahoma-based Centennial Hospice. The Care Team acquired InTeliCare Home Health…

The past year has been unusual — to say the least — and the home health and hospice M&A landscape is no exception. While the hospice industry has continued to count strong deal numbers over the course of 2020, home health and home care have fallen far behind in their year-over-year deal tallies. The coming year, however, is poised for a comeback of deal flow for several reasons, including Medicare reimbursement changes and pent-up demand. The Year 2020 and COVID-19 In some ways, 2020 should have been a blockbuster year for home health deal-making. The transition to the Patient-Driven Groupings Model (PDGM) on January 1, initially set the stage for mass consolidation within the space. However, that expected M&A activity was curtailed significantly by the COVID-19 emergency beginning in Q1. Many of the small and mid-size agencies that were expected to hit the market never did. Agencies that were expected to struggle under the new payment model were suddenly given a lifeline through Medicare loans, the Paycheck Protection Program (PPP) and Provider Relief Fund grants. Additionally, travel restrictions and social distancing measures curbed buyers’ ability to conduct due diligence on possible acquisition targets, further slowing deal flow. So far, there have been 75 transactions across home health, home care, and hospice in 2020, Mertz Taggart data shows. In comparison, there were 79 deals just in the first three quarters of 2019, and 99 deals over the same period of time in 2018. Of the 75 deals that took place in 2020, 27 were home health related. The Comeback Ahead Despite ongoing COVID-19 disruptions, there are indications that 2021 will likely be a strong year for home health M&A. While this year has only seen 27 home health transactions in the first three quarters, this doesn’t tell the full story. A closer look reveals that eight deals have taken place during the third quarter of 2020. This is a rise from Q2, which only saw five deals. This suggests deal-making action is finally starting to heat up again due to pent-up demand. Among the deals that have taken place recently The Pennant Group Inc. (Nasdaq: PNTG) announced that it had acquired the assets of two home health agencies from Signature Healthcare at Home in July. The company remained active on the M&A front, later announcing its purchase of CMS Home Health Care, a Texas agency, in September. Around the same time, Actinium Healthcare Holdings — a Dallas, Texas-based investment firm — announced it had acquired Central Home Health Services of Texas Inc. in August. Additionally, several new deals have sprung up in the final few months of the year. Charter Health Care Group announced its acquisition of Vitality Home Healthcare and Heartwood Home Health & Hospice in October. Earlier that month, Bridges Health Services also announced a series of transactions with four home health and hospice providers. Over the past couple of years, hospice has dominated the M&A spotlight with home health taking a backseat in comparison. But with hospice acquisition targets dwindling, buyers are starting to turn to home health. The Medicare reimbursement increase, taking effect Jan 1., also places home health in a favorable position moving forward. As the number of COVID-19 cases continues to rise, there’s every reason to believe that the demand for home health care will increase. “COVID will ultimately increase home health utilization as payors look for safer, cheaper solutions,” says Cory Mertz, Managing Partner for Mertz Taggart. “More than ever, folks want to keep themselves and their families at home.” Cory Mertz, Managing Partner, Mertz Taggart Preparing for 2021 Despite the challenges relating to 2020 and the COVID-19 pandemic, many signs point to 2021 being a major deal-making year. The consumer preference for receiving home-based care is expected to continue well after the pandemic is over, which should bolster the sector for years to come. And if the deals picking back up in the last few months are any indication, it’s not unlikely that the industry could see record home health M&A activity in the year ahead.

While the COVID-19 pandemic seems to have the nation’s full attention, it’s not the only public health emergency taking American lives at an alarming rate. Amid the coronavirus, drug abuse — a deadly years-long problem for the country — is also on the rise. Isolation, job loss, and financial strain drive a growing number of people to use drugs with the CDC estimating a record-setting 75,500 drug-related deaths in 2020 if current trends continue. As a result, addiction treatment centers are seeing heightened demand, in some cases reporting as much as a 50% growth in services. While the spike is somber, it’s creating M&A opportunities for those on both sides of the deal. Seller opportunities For owners of substance use disorder (SUD) treatment companies, now may be a good time to sell their business. That’s especially true for those who see expansion opportunities but do not have the financial resources to do so, for smaller providers having trouble navigating COVID-19, as well as anyone looking to receive top dollar for their company. Given the heightened demand in the already hot addiction marketplace, private investors and strategic buyers are especially bullish on SUD purchases as of late. They have their eyes on deals that allow them to expand their service offerings and enter new markets. Additionally, some buyers are allowing for certain COVID-19 adjustments, according to Kevin Taggart, managing partner of Mertz Taggart, meaning they’re looking at not only whether providers were growing their businesses pre-pandemic, but also how they have responded since the pandemic began. While the adjustment can’t bring back missing revenue for that period, the adjustment would “normalize” the company’s value as if Covid had never happened. The one caveat is that the company needs to show that it is back to pre-pandemic levels. Buyer opportunities Opportunity in the SUD space is also ripe for prospective buyers with capital to spend, especially when compared to other sectors of the economy. That holds true even beyond the COVID-19 pandemic, with the future of the addiction treatment industry poised for growth, because the need for services is increasing and the industry has shown to be more resilient in difficult economic times. While the Northeast and California have seen the most noteworthy ribbon cuttings of late, smaller markets are responding to local needs, as well.  Mertz Taggart is also predicting that Q4 of 2020 will see the largest number of M&A transactions since Q4 of 2018, with momentum increasing for 2021. All of this is a positive sign for the long-term viability of the SUD treatment industry, with an estimated market spend of $42 billion per year. “Companies that provide excellent clinical care, keep their charts in order, and can maintain a high census with consistent referral sources will be in demand in 2021,” Taggart says. Kevin Taggart, Managing Partner, Mertz Taggart The bottom line is this: Whether you’re a buyer or a seller, it’s a great time to be in the SUD market. With 11 transactions in both the second and third quarters of 2020, it’s likely the industry will also see those numbers accelerate in the quarters to come. Trackbacks/Pingbacks BrightView Acquires Rebound Recovery Addiction Centers - […] with locations in Lexington, Paris, and soon to be Nicholasville …

VANCOUVER, BC, Dec. 15, 2020 /CNW/ – Numinus Wellness Inc. (“Numinus” or the “Company”) (TSXV: NUMI), a company creating an ecosystem of health solutions centered around developing and supporting the safe, evidence-based, accessible use of psychedelic-assisted psychotherapies (PAP), is pleased to announce the acquisition of Montreal-based Mindspace Psychology Services Inc (DBA Mindspace Wellbeing), a leader and pioneer in psychedelic programming. The agreement brings together the capabilities of two leading Canadian organizations to develop and scale delivery of evidence-based psychedelic-assisted psychotherapy to provide the highest quality patient outcomes. “Adding Mindspace to the Numinus platform will provide strong synergies for both companies,” said Dr. Devon Christie, Medical Director at Numinus and a MAPS-trained therapist for the delivery of MDMA-assisted psychotherapy. “The companies have similar values and complementary strengths, which make this a strong corporate and cultural fit. We are also proud to grow our presence nationally through this announcement.” “Joining the Numinus team is a natural choice,” said Dr. Joe Flanders, Founder and Managing Partner of Mindspace. “It’s an excellent opportunity for us to work closely with a partner that shares our vision and values. We are impressed by the depth and rigor of Numinus’ clinical team and their authentic commitment to finding meaningful, accessible, and sustainable solutions to the mental health challenges we collectively face”. “We’re very excited to be bringing the Mindspace brand under the Numinus umbrella,” said Payton Nyquvest, CEO of Numinus. “The combination furthers our stated mission and delivers on our prospectus. This is a first and major step forward in our plan for global expansion of revenue-generating clinics and virtual therapy with the objective of health and wellness for all. Today’s announcement sets a positive trajectory for making psychedelic-assisted psychotherapy more accessible to those in need.” Read the full press release here.

LEWISVILLE, TEXAS (PRWEB) DECEMBER 15, 2020 BayMark Health Services announced this week an exciting addition to their portfolio of Substance Use Disorder Services, Liberty Bay Recovery Center, a residential treatment facility in Portland, Maine. BayMark is well-known in the addiction treatment industry as the North American leader in Opioid Use Disorder treatment with more than 250 facilities across the continent providing a variety of treatment options including medication-assisted treatment, counseling, and both inpatient and outpatient withdrawal management services. That portfolio, until recently, included only one residential treatment facility in Bala, Ontario, Greenestone Muskoka. The addition of Liberty Bay is a gratifying one for the company whose mission to improve the lives of individuals with substance use disorders will be well-served by bringing both their clinical and administrative expertise into a new U.S. treatment space. Mertz Taggart was the sell-side advisor of this healthcare Mergers and Acquisitions transaction. Read the full details of the transaction via press release. Trackbacks/Pingbacks Behavioral Health M&A Quarterly Report: Q4 2020 – Mertz Taggart - […] network of more than 250 facilities across the United States and Canada. Mertz Taggart represented Liberty Bay in the…