Integrative Life Network Acquires Shadow Mountain Recovery Programs

BrentCare Behavioral Health Acquires Modern Recovery Network

October 9, 2025

Healthcare Services

BrentCare Behavioral Health Holdings has acquired Modern Recovery Network (MRN), a Phoenix-based adolescent behavioral health management company operating Modern Recovery Services and Avery's House. The acquisition expands BrentCare’s adolescent behavioral health footprint and capabilities—adding residential, outpatient, and virtual services and extending the platform’s reach nationally, including new coverage in underserved regions such as Arizona and Idaho.

The IMA Group Acquires Medical Research Network (MRN) LLC

July 22, 2025

Healthcare Services

The IMA Group has acquired Medical Research Network (MRN) LLC, a New York City–based clinical research site specializing in psychiatry and neurology (CNS) trials. MRN will continue to operate under its current name and leadership (founder and CEO Dr. Michael R. Liebowitz), and the deal expands IMA's CNS footprint with its first East Coast CNS-dedicated location.

Brightside Health Acquires Lionrock Recovery

June 12, 2024

Healthcare Services

Brightside Health has acquired Lionrock Recovery to expand into virtual addiction treatment, adding a virtual intensive outpatient program (IOP) to its service offerings. The deal (terms undisclosed) allows Brightside to treat substance use disorders alongside its existing mental health services, improving continuity of care and making the company a more attractive partner for payers and health systems.

Physical Rehabilitation Network Acquires Synergy Therapies

June 29, 2021

Healthcare Services

Physical Rehabilitation Network (PRN), a Carlsbad, California-based physical therapy provider and practice management organization, has acquired Synergy Therapies' two outpatient clinics in Independence and Oak Grove, Missouri. The add-on expands PRN's nationwide footprint to 156 clinics across 15 states; PRN is a portfolio company of Gryphon Investors.

Aurora Health Acquires Cornerstone Treatment Facilities Network

December 19, 2022

Healthcare Services

Aurora Health has acquired Cornerstone Treatment Facilities Network, an inpatient addiction and rehabilitation provider with locations in Fresh Meadows and Rhinebeck, New York. Carl Marks Securities advised Cornerstone on the sale; financial terms were not disclosed and the seller included employee owners through an ESOP. The acquisition expands Aurora's portfolio of healthcare facilities and behavioral-health capabilities.

Pinnacle Treatment Centers Acquires Stepping Stone of North Carolina

June 22, 2022

Healthcare Services

Pinnacle Treatment Centers, a Mt. Laurel, New Jersey-based provider of substance use disorder treatment, acquired Stepping Stone of North Carolina, an outpatient opioid addiction treatment provider with two locations in Boone and North Wilkesboro. The acquisition expands Pinnacle’s nationwide footprint into North Carolina and augments its capacity to provide medication-assisted treatment (MAT) to underserved communities.