Investment & Transactions

HHS has dedicated $82.3 million for grants designed to combat mental health and substance use.

The Texas Health and Human Services Commission will start construction on a $573 million replacement facility for Terrell (Texas) State Hospital Aug. 28. 

A Pennsylvania judge has appointed a receiver to oversee the sale of Retreat Behavioral Health's facilities in the state, LancasterOnline reported Aug. 20. 

Here are five recent investments into behavioral healthcare in the U.S. totalling more than $90.6 million, as reported by Becker's since July 9:

LifeStance Health plans to open fewer than 10 new clinic locations in 2024, down from its previous estimate of fewer than 20 new sites. 

Acadia Healthcare has closed five facilities in the past year. 

Spring Health has picked up a $100 million funding round. 

Talkiatry will provide telepsychiatry to Magellan Health members in California. 

HHS and the Substance Use and Mental Health Services Administration unveiled grant awards totalling $45.1 million for mental health and substance use services.

ABA Connect has acquired ABA Therapy of Houston, expanding its network to 12 centers in Texas and Colorado.