Business Briefs: Acorn Health Sold by Private Equity Firm

Applied behavior analysis therapy provider Acorn Health has been sold by MBF Healthcare Partners II, a middle-market healthcare-focused private equity firm, to Ontario Teachers’ Pension Plan Board.

With a staff of 1,200 employees, Acorn serves 1,300 families at its network of 51 clinics that operate in 7 states.

In a news release announcing the transaction, Acorn Health CEO Vicki Kroviak credited MBF with helping the organization become a multi-state operation and said that the acquisition by Ontario Teachers’ will provide the company additional opportunities to invest in staff, systems and clinical infrastructure.

2nd Chance Treatment Centers partners with RiverGlade Capital

2nd Chance Treatment Centers, operator of a regional network of outpatient programs that treat mental health and substance use disorders, has partnered with RiverGlade Capital, a healthcare-focused private equity firm.

With 4 clinics in the Phoenix metro area and telehealth-based operations, 2nd Chance serves more than 7,000 patients. Ashwin Reddy, MD, an addiction psychiatrist and 2nd Chance founder, and Isha Vedire, the company’s senior vice president of operations, will stay on in leadership roles. RiverGlade operating partner Jim Hudak moves into the role of executive chairman and CEO.

Enhance Health Group opens residential facility

Enhance Health Group, a provider of outpatient mental health treatment services, has expanded into residential care with the opening of a new facility in Irvine, California. Eden by Enhance will offer treatment services for depression, anxiety, trauma, PTSD, personality disorders, schizoaffective disorder, bipolar disorder and eating disorders.

Eden by Enhance accepts most major insurance policies.