Behavioral Health Business March 20, 2024
Private equity firm Regal Healthcare Capital Partners invested $50 million into mental health provider Lightfully Behavioral Health, according to an Axios report.
Thousand Oaks, California-based Lightfully provides mental health treatment in California. It offers partial hospitalization (PHP), intensive outpatient programs (IOPs), residential treatment and virtual IOPs. It has 12 behavioral health facilities and an additional one listed as coming soon on its website.
The company recently expanded into the college space with a new virtual IOP offering, Lightfully U, geared towards university students. The company pitched the services to help address the mass influx of students living with behavioral health conditions.
“[Colleges] don’t have enough resources… Counselors are struggling with what to do with students that maybe [they...
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