Behavioral Health Group Enters Rhode Island with Acquisition of Addiction Treatment Center in Pawtucket | News

DALLAS, Oct. 2, 2020 /PRNewswire/ — Responding to the continued public health crisis of opioid addiction in the US, Behavioral Health Group (BHG), the largest network of Joint Commission-accredited outpatient opioid treatment and recovery centers in the US, today announced their expansion into Rhode Island with the acquisition of the Center for Treatment & Recovery (CTR), LLC in Pawtucket, RI. The business, currently employing 23 clinicians, mental health professionals, and staff, will become known as BHG Pawtucket Treatment Center.

“Opioid addiction continues to ravage communities across the United States, exacerbated by the current coronavirus pandemic,” said Jay Higham, Chief Executive Officer of BHG. “Our Company’s mission is to expand access to evidence-based treatment in underserved markets across the United States. The joining of BHG Pawtucket Treatment Center into the BHG family is a significant value-add to our company and to the Pawtucket community.” With this

Read More

Stephen Curry Enters Fitness Wars As Tonal AI Home Gym Raises $110 Million

Tonal has landed an additional $110 million in investment ($85 million Series D, $25 million venture debt), bringing the total funding for the AI home gym to $200 million. New investors in the round include Amazon Alexa Fund, Golden State Warriors Stephen Curry, Los Angeles Clippers Paul George, Seattle Seahawks Bobby Wagner, and pro golfer Michelle Wie. Now with 20 sports celebrities backing it including Serena Williams and Klay Thompson, the startup is looking to become a fitness portal for the entire family.

As the surge in demand for home fitness equipment has exploded during the pandemic, investor interest has been growing in the sector. This has led to a flurry of M&A activity most notably Lululemon’s recent $500 million acquisition of Mirror. Peloton, which now has more than 2.6 million members,

Read More