Hightop Health Acquires Roots Behavioral Health

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.

Acute Behavioral Health Acquires Oakwood Treatment Center

June 23, 2025

Healthcare Services

Acute Behavioral Health (ABH), a Nashville-based behavioral health platform for young people, has completed the acquisition of Oakwood Treatment Center, a Psychiatric Residential Treatment Facility (PRTF) in Kinston, North Carolina. Oakwood — previously part of the NOVA Behavioral Health network — will continue serving adolescents under new ownership as ABH expands its inpatient behavioral health footprint in North Carolina.

ABA Connect Acquires ABA Therapy of Houston

July 22, 2024

Healthcare Services

ABA Connect, a PE-backed provider of applied behavior analysis (ABA) therapy based in Austin, Texas, has acquired ABA Therapy of Houston, expanding its clinic network and adding a second clinic location in Katy, Texas. The deal is supported by MBF Healthcare Partners II, L.P. and strengthens ABA Connect's presence across Texas while providing ATH staff access to broader back-office resources and payor contracting capabilities.

KKR Acquires Majority Interest in Therapy Brands

April 7, 2021

Software

KKR has agreed to acquire a majority interest in Therapy Brands, a Birmingham-based practice management and EHR software platform for mental, behavioral and rehabilitation healthcare providers. Existing investor PSG will remain a minority shareholder, and sellers include investment funds affiliated with Lightyear Capital, Oak HC/FT and Greater Sum Ventures; financial terms were not disclosed.

Pathway Healthcare Acquires Innovation360 in Dallas

September 12, 2022

Healthcare Services

Pathway Healthcare, a Birmingham-based outpatient behavioral health provider, has acquired Innovation360, an outpatient counseling and addiction-treatment group based in Dallas, Texas. The acquisition expands Pathway's Dallas footprint and adds more intensive outpatient services (IOP, PHP, medication-assisted treatment and life-development programming) to its platform of outpatient clinics.

ARC Health (Thurston Group Portfolio) Acquires Southeast Psych

August 17, 2022

Healthcare Services

ARC Health, a portfolio company of Thurston Group, has acquired Southeast Psych, a mental health provider operating three clinics (two in Charlotte, NC and one in Nashville, TN). The founders — Dr. Jonathan Feather, Dr. Dave Verhaagen and Dr. Lauren King — will remain managing partners as the practice gains resources and scale through ARC Health's platform to expand care access.