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Beach House Announces New Mental Health Expansion
Hey there. Tim here.
This is issue #13 of The Census, a weekly newsletter to help you succeed in the behavioral healthcare industry. This week …
Beach House announces new mental health facility
Odyssey scales back its ED treatment
Discovery partners with Poplar wellness
ICR buys a hospital
1. Beach House Announces New Mental Health Treatment Services
Beach House Behavioral Health, Inc. a portfolio company of BelHealth Investment Partners, LLC, a Fort Lauderdale-based healthcare private equity firm, announced new mental health treatment services in addition to the comprehensive substance use disorder treatment services that the Company provides.
Founded in 2014, Beach House Center for Recovery is a drug and alcohol treatment provider, offering a full continuum of medically and clinically integrated care to people with substance use and co-occurring disorders.
BelHealth Investment Partners, based in Fort Lauderdale, Florida, is a healthcare private equity firm focused on lower middle market companies.
2. Odyssey, Discovery Behavioral Health Scale Back Eating Disorder Treatment Centers
Behavioral health giants Odyssey Behavioral Health and Discovery Behavioral Health, both private equity-backed diversified companies, are scaling back their eating disorder treatment locations.
These closures come at a time when other PE-backed behavioral health providers, at least on the surface, appear to be navigating the treacherous waters of the highly-specialized eating disorder treatment space. The pullback also coincides with a debt crisis afflicting several leveraged businesses.
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4. Discovery Institute Partners with Poplar Wellness
Discovery Institute, a leader in the field of behavioral health and addiction treatment, is excited to announce its partnership with Poplar Wellness Group. This collaboration will leverage Poplar's innovative technology and primary care services to transform the way behavioral health is approached, focusing on preventive measures and holistic treatment.
As part of this partnership, Discovery Institute will incorporate Poplar's wearable watch technology, revolutionary vitals monitoring process, and a custom app into its practice.
5. Indiana Center for Recovery Completes Acquisition of Former St. Vincent Hospital
Indiana Center For Recovery, a premier provider of addiction treatment and mental health services, today announced the completion of its acquisition of the former St. Vincent Hospital in Bedford, Indiana.
The new facility, spanning 184,000 square feet, is set to open in Spring 2024. This is the second hospital acquisition by ICFR in the last two years.
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That’s it for this week.
Soon, we’ll be launching podcast episodes and even more resources to help you succeed in behavioral health.
Thanks. Talk to you next week.
Tim