Optum Acquires Refresh Mental Health from Kelso & Company

Kelso Fund X Acquires Majority Stake in Refresh Mental Health from Lindsay Goldberg

December 10, 2020

Healthcare Services

Kelso Fund X, through affiliates of Kelso & Company, acquired a majority equity interest in Refresh Mental Health on December 9–10, 2020, in partnership with Refresh management. Lindsay Goldberg sold its stake; Refresh is a national outpatient mental health provider with 200+ locations across 28 states and the District of Columbia, ~2,000 clinicians and more than one million patient visits annually.

Refresh Mental Health Acquires Cielo House

April 2, 2020

Healthcare Services

Refresh Mental Health has acquired Cielo House, an eating-disorder treatment provider with four facilities in the San Francisco Bay Area, marking Refresh's entry into the West Coast market. Refresh said it will expand Cielo House's teletherapy and telemedicine capabilities following the acquisition.

Hightop Health Acquires Roots Behavioral Health

February 22, 2024

Healthcare Services

Atlanta-based outpatient mental health platform Hightop Health has acquired Roots Behavioral Health, an Austin-based outpatient mental health practice founded in 2016. The deal brings Roots' multidisciplinary services—including ketamine therapy, psychotherapy, and medication management—into Hightop's clinician-centric platform as the group expands its footprint in Austin and greater Texas.

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.

Otsuka Pharmaceutical Acquires Mindset Pharma

August 31, 2023

Biotechnology

Otsuka Pharmaceutical Co., Ltd., through its wholly owned U.S. subsidiary Otsuka America, Inc., agreed to acquire Mindset Pharma Inc. in an all-cash statutory plan of arrangement valued at approximately CAD 80 million. The acquisition adds Mindset’s next-generation psychedelic and non-psychedelic drug discovery assets and synthesis capabilities to Otsuka’s psychiatry and neurology pipeline.

Princeton Equity Group Invests in Ellie Mental Health

May 3, 2022

Healthcare Services

Princeton Equity Group has made a strategic growth investment in Ellie Mental Health to support the company’s rapid expansion of corporate clinics and its franchised network across the United States. Ellie, a Mendota Heights, Minnesota-based operator and franchisor of outpatient mental health clinics, will continue to be led by founders Erin Pash and Kyle Keller as it scales clinical capacity and franchise development.