mild behavioral health announced on tuesday The company acquired the West Los Angeles-based mental health resilience treatment center for an undisclosed sum, in a bid to open 13 centers in the state by the end of 2022.
The Thousand Oaks, Calif.-based company said it will accept patients immediately at the two centers it acquired through the purchase. These include a 6-bed inpatient treatment center, where patients temporarily live while they receive care, and a 35-bed center for partial inpatient and intensive outpatient care. In addition to operating a brick-and-mortar center where patients can access behavioral health care, Lightfully plans to begin offering virtual care in June.
The company, backed by New York City-based private equity firm Regal Healthcare Capital Partners, aims to increase access to primary mental care services. It plans to hire about 195 California employees by the end of the year. In addition to offering virtual care, it plans to relocate to other states and open centers in a total of 30 locations over the next five years, the company said.
In addition to purchasing the Resilience Treatment Center, the company said it has acquired three additional residential treatment locations in Brentwood, Thousand Oaks and Carlsbad, California. Three additional residential treatment facilities and two commercial properties will house partial inpatient and intensive outpatient programs.
Amid the pandemic, the number of people suffering from depression and anxiety disorders and other mental health challenges has risen.But even as demand for mental health services increases, providers Cut mental health staff.
“Ambulatory therapists are struggling to meet the needs of a growing number of patients during the Covid pandemic…” Jennifer Steiner, CEO and one of the five female industry experts who founded the company, said in a statement. “We are in the midst of a mental health crisis in the United States, and I wanted to create a company to improve access to care and change the model of mental health services in our country.”
lightly tout one holistic care model The company said it will offer inpatient, partial inpatient, intensive outpatient and virtual levels of care based on patient needs. It’s an understatement to say that it has network relationships with the state’s major payers that will ensure access to care, and it’s competing to attract mental health professionals who are currently in high demand.
“Our aim is to attract highly sought-after clinicians by offering a truly unique culture and generous benefits package, including a flexible four-day work week,” Steiner said.
With its experienced leadership team and clear integrated approach to care, the company has attracted financial support to drive its vision for rapid growth.
Steiner and other executives’ “passion for clinically excellent mental health treatment, commitment to measurable outcomes, and proven ability to grow the company will make Lightfully Behavioral Health a national leader in the mental health industry,” Co-Founder David Kim and general partner at Regal Healthcare Capital Partners said in a statement.
Image: Evgeny Gromov, Getty Images
