BriteLife Recovery Acquires Summit Behavioral Health (Princeton Junction, NJ)

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.

Summit BHC Acquires Seven Psychiatric Hospitals from Strategic Behavioral Health

January 6, 2022

Healthcare Services

Summit BHC, a national provider of behavioral health and addiction treatment services, has acquired seven inpatient psychiatric hospitals (613 beds total) from Strategic Behavioral Health. The deal expands Summit's footprint into New Mexico, North Carolina, and Wisconsin and increases its presence in Iowa, Tennessee, and Texas; terms were not disclosed.

Patient Square Capital Acquires Summit BHC

September 9, 2021

Healthcare Services

Patient Square Capital has acquired Summit BHC, a Franklin, Tennessee–headquartered provider of behavioral health and addiction treatment services that operates 24 facilities across 16 states. Summit was sold by private equity owners FFL Partners and Lee Equity Partners; financial terms were not disclosed and the deal was announced in September 2021 and closed in November 2021.

Pneuma Behavioral Health Acquires Bright Path Behavioral Health

August 9, 2023

Healthcare Services

Pneuma Behavioral Health has acquired Bright Path Behavioral Health, a CARF-accredited partial hospitalization and intensive outpatient treatment center for adolescents located in Wake Forest, North Carolina. The acquisition expands Pneuma's clinical capabilities and capacity in adolescent behavioral health across the greater Triangle and throughout North Carolina.

Pinnacle Treatment Centers Acquires Four Outpatient Opioid Treatment Programs from Recovery Centers of America

April 5, 2023

Healthcare Services

Pinnacle Treatment Centers, a Mt. Laurel, New Jersey-based addiction treatment provider, has acquired four outpatient opioid addiction treatment programs (one in Pennsylvania and three in New Jersey) that were previously operated by Recovery Centers of America. The facilities—now renamed Lansdowne Treatment Services, Trenton Treatment Services, Somerdale Treatment Services, and Woodbridge Treatment Services—will provide medication-assisted treatment (MAT) and expand Pinnacle's community-based network in the Eastern U.S.

NewSpring Invests in Prosperity Behavioral Health

March 16, 2023

Healthcare Services

NewSpring’s healthcare strategy has invested in Prosperity Behavioral Health, a technology-enabled business process outsourcing provider for behavioral health treatment facilities. Prosperity will use the capital to invest in technology, expand service lines and the team, and pursue strategic acquisitions to grow its national footprint; Michelle Mullany was named CEO as part of the transaction.