Business Briefs: BayMark Acquires New Day Recovery in Louisiana

BayMark Health Services on Wednesday announced that it has acquired New Day Recovery, a West Monroe, Louisiana-based opioid treatment company.

New Day’s portfolio of programs includes residential facilities in West Monroe and Shreveport, Louisiana, as well as an office-based opioid treatment program in West Monroe and intensive outpatient services in West Monroe and Shreveport. With its acquisition of New Day, BayMark will now operate 5 residential treatment programs and 20 total addiction treatment facilities in Louisiana.

In addition to opioid use disorder treatment, New Day offers services for addiction to alcohol, stimulants and other substances.

The acquisition is the second of the year for BayMark, and the company said in a release that it anticipates making another before the end of the year. The Braff Group provided mergers and acquisitions advisory services to New Day Recovery in the transaction.

Newport opens 3 more outpatient programs

Newport Healthcare has added 3 new outpatient programs to its network of mental health treatment facilities for teens and young adults. The new locations—in Kirkland, Washington; Santa Monica, California; and Atlanta—join Newport’s existing 5 outpatient treatment facilities. Additional programs in Dallas, Virginia, Minneapolis and Milwaukee will follow later this fall.

Newport provides outpatient care at three levels: partial hospitalization, intensive outpatient and “continuing connections,” a weekly outpatient option often delivered via telehealth. Programs focus on family involvement and support, and also provide academic and vocational opportunities, and experiential learning activities.

LifeStance appoints former CMS administrator to board

Outpatient mental health services provider LifeStance Health announced that Seema Verma, the former administrator for the Centers of Medicaid and Medicare in the Trump administration, has been elected to the company’s board of directors. Prior to her appointment to lead CMS, Verma was founder and CEO of SVC, a health policy consulting firm that works with state insurance agencies and public health agencies. Since departing CMS in January, Verma has also joined the boards of directors for the healthcare firms Lumeris and Monogram Health.

LifeStance employs 4,000 practitioners at 450 mental health programs in 31 states.

BH practices merge to form Transformations Care Network

NorthEast Health Services, InterCare Psychiatric Services, GR&W Health and My Transformations have announced the formation of Transformations Care Network, a group of 20 outpatient mental health practices that will operate in Massachusetts, Pennsylvania, West Virginia and Alabama. The network will employ more than 400 practitioners and be led by CEO Brian Wheelan.

Transformations Care Network will offer outpatient mental health treatment, as well as telehealth-based counseling, psychiatric evaluations, medication management, transcranial magnetic stimulation, and ketamine-assisted treatment for depression.