Behavioral Health Business April 23, 2024
Chris Larson

Delray Beach, Florida-based UpHealth Inc. (OTC: UPHL) revealed more about its burgeoning addiction treatment business as it seeks to untangle itself from a messy special purpose acquisition company (SPAC) merger gone wrong.

UpHealth’s Florida-based addiction treatment business, TTC Healthcare, grew revenue 42% to $44 million and expanded gross margins to 57% in 2023, according to a news release. TTC Healthcare’s four facilities — which offer detoxification services, residential care, PHP, IOP and outpatient services — represent the sole focus of the once international firm.

“I can assure you that the UpHealth leadership team is more dedicated and focused than ever on its newly defined and simplified strategy to profitably scale TTC Healthcare,” UpHealth CEO Martin Beck said in a news...

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Topics: Digital Health, Mental Health, Mergers & Acquisitions / JV, Provider, Technology, Trends
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