Transactions: Ginger Acquires LiveBetter’s Tech; Landmark Recovery Buys New Building

Date:

Share post:

Ginger, a San Francisco-based virtual behavioral health care system, has acquired the technology assets of LiveBetter, a mental health app designed to help users manage stress, sleep issues, anxiety, and other mental health challenges. Financial terms of the deal were not disclosed. This acquisition allows Ginger to expand its technological capabilities and broaden its reach to users seeking mental health support via its platform, which currently serves around half a million people worldwide.

LiveBetter, prior to the acquisition, provided users with quick chats with digital coaches aimed at fostering positive thinking and improved mental wellness. The app has reached approximately 10,000 users to date. Following the acquisition, LiveBetter will transition from a for-profit to a nonprofit model, maintaining its free services through a perpetual license granted by Ginger. The integration of LiveBetter’s technology is expected to enhance Ginger’s offerings and strengthen its ability to deliver virtual behavioral health services, including coaching, therapy, and psychiatry, through its team of directly employed clinicians.

Ginger’s growth trajectory has been backed by substantial funding, having raised more than $63 million in investment capital. The LiveBetter acquisition fits into the company’s broader strategy to leverage technology in providing accessible, scalable, and effective mental health care for a global audience.

Landmark Recovery Purchases New Building in Wisconsin

Landmark Recovery, a provider of substance use disorder (SUD) treatment, has acquired the former Post Acute Specialty Hospital of Milwaukee for $4 million. The 155,945-square-foot facility previously housed 62 beds before closing in April of the prior year. Landmark purchased the building from an affiliate of Medical Properties Trust, a Birmingham, Alabama-based real estate investment trust (REIT). This acquisition represents a strategic expansion of Landmark’s footprint in the Midwest and provides additional capacity for its addiction treatment programs.

The deal follows recent acquisitions of Landmark’s buildings in Carmel, Indiana, and Louisville, Kentucky, by Sabra Health Care REIT, which now leases those facilities back to Landmark. Executives at Landmark have stated that these real estate transactions are intended to facilitate growth and operational stability while enabling the provider to expand its treatment offerings and serve more individuals struggling with substance use disorders.

Landmark’s acquisition in Milwaukee is consistent with its mission to provide comprehensive SUD care and reflects the growing demand for addiction treatment services across the region. The facility’s size and layout offer the potential to develop specialized treatment programs, supporting Landmark’s ongoing commitment to high-quality, evidence-based care for those affected by addiction.

CentralReach Acquires ABA Platform Thread Learning

CentralReach, an electronic medical record (EMR) and clinical solutions provider focused on autism care, has acquired Thread Learning, an applied behavior analysis (ABA) data collection platform. While financial details of the acquisition were not disclosed, the transaction enhances CentralReach’s end-to-end autism care capabilities. This acquisition follows four other autism-related acquisitions the company has completed over the past 18 months, signaling a focused expansion strategy in the autism services market.

Thread Learning offers an intuitive, user-friendly data collection solution for clinicians and teachers in clinics and schools. CentralReach plans to integrate the platform into its current solutions while continuing to offer Thread as a standalone product. The acquisition also includes the addition of Thread CEO Greg Brill to the CentralReach team to guide the clinical solution product roadmap.

The integration of Thread Learning is expected to strengthen CentralReach’s mission to provide comprehensive, technologically advanced solutions for autism care. The platform’s ease of use and popularity among users positions it as a core component of the next-generation clinical data collection offerings within CentralReach’s suite of products.

Bay Psychiatric Associates Expands Through Acquisition of TMS Provider

Bay Psychiatric Associates has acquired Lenox Hill TMS Psychiatric Associates Bay Area, adding new locations and expanding its service offerings. The financial terms of this transaction were not disclosed. Bay Psychiatric Associates has served the San Francisco community for over 25 years, providing psychiatric care and interventional psychiatry services. Lenox Hill TMS Psychiatry specializes in transcranial magnetic stimulation (TMS) and ketamine treatments, operating out of two clinics.

Through this acquisition, Bay Psychiatric Associates will extend its reach to five communities, allowing for greater accessibility to specialized psychiatric treatments. The addition of TMS and ketamine therapy expands the range of interventional treatment options available to patients and reinforces Bay Psychiatric Associates’ commitment to providing cutting-edge mental health care in the region.

The merger of these organizations demonstrates a broader trend in behavioral health and psychiatric care: strategic acquisitions aimed at enhancing service offerings, expanding geographic reach, and integrating innovative treatment modalities. This expansion aligns with growing demand for mental health services and evidence-based treatment options in local communities.

Implications for the Behavioral Health and Addiction Treatment Industry

These transactions collectively highlight a dynamic period of growth, consolidation, and innovation in the behavioral health and addiction treatment sectors. Companies like Ginger and Landmark Recovery are leveraging acquisitions to enhance technology, expand treatment capacity, and improve accessibility for patients. CentralReach and Bay Psychiatric Associates are similarly focused on strengthening clinical capabilities and integrating advanced therapeutic solutions.

Acquisitions in this space offer several benefits:

  • They provide immediate access to new technology platforms, as in Ginger’s acquisition of LiveBetter, which can enhance patient engagement and expand digital health offerings.
  • They enable organizations to increase treatment capacity and geographic reach, exemplified by Landmark Recovery’s Milwaukee acquisition.
  • They support the integration of specialized treatment modalities, as seen in Bay Psychiatric Associates’ addition of TMS and ketamine therapies.
  • They create opportunities for operational efficiencies and scalable growth through the consolidation of complementary services, demonstrated by CentralReach’s acquisition of Thread Learning.

Overall, these strategic moves reflect a broader trend toward consolidation and technological innovation in behavioral health and addiction treatment. Organizations are increasingly seeking to combine resources, expertise, and technology to deliver more comprehensive care and meet the rising demand for mental health and SUD services.

Conclusion

The recent acquisitions by Ginger, Landmark Recovery, CentralReach, and Bay Psychiatric Associates underscore the evolving landscape of behavioral health and addiction treatment. Ginger’s integration of LiveBetter technology enhances virtual behavioral health services, while Landmark Recovery’s new facility provides expanded capacity for SUD treatment in the Midwest. CentralReach strengthens its autism care platform with Thread Learning, and Bay Psychiatric Associates expands specialized psychiatric offerings with the acquisition of Lenox Hill TMS.

These transactions highlight the importance of strategic acquisitions in fostering growth, expanding access to care, and advancing treatment capabilities. As the behavioral health and addiction treatment industries continue to grow, organizations are positioning themselves to meet the needs of patients through innovation, technology integration, and operational expansion. Collectively, these deals reflect a commitment to delivering high-quality, accessible, and evidence-based care for individuals facing mental health and substance use challenges.

The acquisitions signal a trend toward building integrated, patient-centered solutions that leverage both technology and specialized clinical expertise. With strategic growth and innovation at the forefront, the behavioral health and SUD treatment sectors are well-positioned to address increasing demand and improve outcomes for the communities they serve.

spot_img

Related articles

Oregon’s Drug Decriminalization Creates Unfunded Mandate for Treatment Providers

Oregon's November approval of Measure 110 decriminalizing drug possession represents a landmark shift in criminal justice and addiction...

Amid Growth, Pinnacle CEO Pushes for Methadone MAT Flexibilities

The past several months have been devastating for many behavioral health providers. The COVID-19 pandemic has caused widespread...

How the Pandemic Accelerated Telehealth Adoption

The coronavirus pandemic has reshaped the behavioral health landscape, creating both challenges and opportunities for mental health care...

Virtual Pediatric Behavioral Health Provider Brightline Raises $20 Million

Brightline, a Palo Alto-based startup specializing in virtual pediatric behavioral health care, recently announced a $20 million Series...