Meridian Behavioral Health
{{Short description|Minnesota-based substance use disorder treatment organization}}
{{Multiple issues|
{{Orphan|date=August 2024}}
{{Undisclosed paid|date=July 2024}}
}}
{{Infobox company
| name = Meridian Behavioral Health
| logo = Meridian Behavioral Health Logo.svg
| hq_location = {{nowrap|New Brighton, Minnesota, U.S.}}
| industry = Alcohol and Drug Addiction Treatment
| website = {{URL|meridianprograms.com}}
}}
Meridian Behavioral Health is a provider of behavioral health services in the Midwestern United States.{{cite web |title=Meridian Behavioral Health Overview |url=https://pitchbook.com/profiles/company/10532-17#overview |website=Pitchbook |access-date=4 November 2023}} The company operates twenty Commission on Accreditation of Rehabilitation Facilities (CARF) accredited substance use disorder (SUD) facilities in Minnesota providing residential and outpatient treatment for those suffering from a chemical dependency or addiction.{{cite web |title=Meridian Behavioral Health, LLC (MBH)
|url=https://www.carf.org/providerProfile.aspx?cid=282529&parent=1|access-date=14 October 2023| website=Commission on Accreditation of Rehabilitation Facilities (CARF)}} The company is based in the Twin Cities of Minneapolis-St. Paul and its operations date back to the 1970s through Twin Town Treatment Center.{{cite web |title=National Directory of Drug Abuse and Alcoholism Treatment Programs |url=https://www.ojp.gov/pdffiles1/Digitization/63269NCJRS.pdf |publisher=U.S. DEPARTMENT OF HEALTH |access-date=4 November 2023 |page=176 |date=1979}}
Company history
In 2007, Triton Pacific Capital Partners, a private equity firm, sponsored a recapitalization of the company.{{cite news |title=Meridian Behavioral Health Network |url=https://www.venturecapitaljournal.com/meridian-behavioral-health-network/ |access-date=14 October 2023 |work=Venture Capital Journal |date=12 January 2007}}
In 2011, the company jointly filed Chapter 11 bankruptcy alongside its struggling sister company MK Network, LLC which was a provider of continuing medical education.{{cite news |last1=Palank |first1=Jacqueline |title=Health-Care Companies Meridian, MK Network File For Bankruptcy |url=https://www.wsj.com/articles/DJFDBS0020110301e7310002t |access-date=14 October 2023 |work=Wall Street Journal |date=1 March 2011}}
In 2014, the company acquired Douglas Place an 85-bed residential treatment center in East Grand Forks, Minnesota. Shortly after the acquisition, the facility experienced difficulties with leadership and faced a state investigation.{{cite news |title=Smith to lead Meridian Behavioral Health expansion |url=https://maplelakemessenger.com/2014/02/smith-to-lead-meridian-behavioral-health-expansion/ |access-date=14 October 2023 |work=Maple Lake Messenger |date=26 February 2014}}{{cite news |last1=Chris |first1=Serres |title=New instances of abuse found at treatment center in East Grand Forks, Minn. |url=https://www.startribune.com/patient-at-troubled-minn-treatment-center-sexually-abused-by-staff-member/436784173/ |access-date=5 November 2023 |work=Star Tribune |date=26 July 2017}}
In 2015, Audax Group, a private equity firm, acquired the company from Triton Pacific Capital Partners for $120 million.{{cite news |last1=Or |first1=Amy |title=Audax Buys Triton Pacific's Meridian Behavioral Health |url=https://www.wsj.com/articles/DJFLBO0120151207ebc7buu5a |access-date=14 October 2023 |work=Wall Street Journal |date=7 December 2015}}
In 2015, the company opened an addiction treatment center referred to as the Beauterre Recovery Institute in Owatonna, Minnesota which focused on care for licensed professionals.{{cite news |last1=Snowbeck |first1=Christopher |title=Meridian goes upscale with addiction treatment center |url=https://www.startribune.com/meridian-goes-upscale-with-addiction-treatment-center/291932061/ |access-date=14 October 2023 |work=Star Tribune|date=25 February 2015}}{{cite news |last1=Steiner |first1=Andy |title=New addiction treatment center in Owatonna will include programs for licensed professionals |url=https://www.minnpost.com/mental-health-addiction/2015/01/new-addiction-treatment-center-owatonna-will-include-programs-licens/ |work=MinnPost |date=21 January 2015}} The property was previously known as the Daniel C. Gainey Conference Center, which was a venue for retreats and planning meetings and was operated by University of St. Thomas.{{cite web |title=Meridian Behavioral Health Signs Purchase Agreement for Gainey Center |url=https://news.stthomas.edu/meridian-behavioral-health-signs-purchase-agreement-gainey-center/ |website=University of St. Thomas |publisher=St. Thomas Newsroom |access-date=5 November 2023 |date=15 May 2014}}
In 2016, the company acquired Valhalla Place, a medication-assisted treatment (MAT) program in Minnesota.{{cite web |title=Meridian Expands Medication-Assisted Treatment Footprint With Acquisition Of Valhalla Place |url=https://openminds.com/market-intelligence/bulletins/meridian-expands-medication-assisted-treatment-footprint-acquisition-valhalla-place/ |website=OPEN MINDS |access-date=4 November 2023 |date=June 20, 2016}}{{cite news |title=The Weekly Wrap: Platinum Equity, Thoma Bravo, Turnspire Capital |url=https://www.themiddlemarket.com/news/the-weekly-wrap-platinum-equity-thoma-bravo-turnspire-capital |access-date=4 November 2023 |publisher=Middle Market Information}} Valhalla Place and its affiliated laboratory were later divested to Behavioral Health Group in 2021.{{cite news |last1=Coward |first1=Kyle |title=Behavioral Health Group Expands Footprint, Adds OUD Treatment Facilities |url=https://bhbusiness.com/2021/11/21/behavioral-health-group-expands-footprint-adds-oud-treatment-facilities/ |access-date=14 October 2023 |work=Behavioral Health Business |date=21 November 2021}}
In 2016, the company acquired Stadter Center, a psychiatric hospital in Grand Forks, North Dakota and rebranded the facility as Red River Behavioral Health System.{{cite news |last1=Haffner |first1=Andrew |title=Meridian Behavioral Health buys, rebrands Stadter Center in Grand Forks |url=https://www.grandforksherald.com/newsmd/meridian-behavioral-health-buys-rebrands-stadter-center-in-grand-forks |access-date=14 October 2023 |work=Grand Forks Herald |date=28 September 2016 |language=en}} The location later filed for bankruptcy in 2021 due to COVID-19 related issues.{{cite news |title=Suicide, drug overdose deaths outnumber highway fatalities amid North Dakota's mental health crisis |url=https://www.thedickinsonpress.com/news/suicide-drug-overdose-deaths-outnumber-highway-fatalities-amid-north-dakotas-mental-health-crisis |access-date=15 October 2023 |work=Dickinson Press |date=28 November 2021 |language=en}}
In 2016, the company acquired Serenity Acres Treatment Center a substance abuse treatment program based in Annapolis, Maryland. Serenity Acres was founded by entrepreneur Larry Adler. This facility was later closed in 2019 and laid off 65 employees in the process.{{cite news |title=Meridian Behavioral Closes Maryland Serenity Acres Facility |url=https://treatmentmagazine.com/meridian-behavioral-closes-maryland-serenity-acres-facility/ |access-date=14 October 2023 |work=Treatment Magazine |date=24 March 2020}}
In 2017, the company acquired Valley Vista, an 80-bed residential treatment facility in Bradford, Vermont, from founders Rick DiStefano and Jack Duffy. The founders later acquired Valley Vista back from the company in May 2020.{{cite news |last1=Onge |first1=Michelle |title=Strictly Business - RICK DiSTEFANO |url=http://www.sbmonthly.com/rick-distefano/ |access-date=14 October 2023 |work=Strictly Business |date=1 July 2022}}{{cite news |last1=Jerry |first1=Donna |title=Divided Sky Foundation, docket number GMCB-006-029 |url=https://gmcboard.vermont.gov/sites/gmcb/files/documents/20210520_RequestforIPStatus_ValleyVista.pdf |access-date=14 October 2023 |work=Green Mountain Care Board |date=17 May 2021}}
In 2017, the company acquired New Beginnings Minnesota, an operator of seven addiction-treatment facilities throughout Minnesota.{{cite news |last1=Grayson |first1=Katharine |title=Addiction-treatment firm based out of Hubert Humphrey's former summer home sold |url=https://www.bizjournals.com/twincities/news/2017/10/26/addiction-treatment-firm-based-out-of-hubert.html |access-date=14 October 2023 |work=American City Business Journals |date=26 October 2017}}{{cite news |title=Meridian buys New Beginnings Minnesota |url=https://www.hmpgloballearningnetwork.com/site/behavioral/news-item/finance/meridian-buys-new-beginnings-minnesota |access-date=4 November 2023 |work=Behavioral Healthcare Executive |publisher=HMP Global |date=26 October 2017}}
In 2020, the company took over a residential treatment facility named Journey Home in Sauk Rapids, Minnesota from CentraCare Health. Before the change in ownership, the center was slated to close.{{cite news |last1=Baker |first1=Clairissa |title=CentraCare to close Journey Home treatment center by July |url=https://www.sctimes.com/story/news/local/2020/04/21/centracare-close-journey-home-july-st-cloud-sauk-rapids-chemical-dependency/5168781002/ |access-date=4 November 2023 |work=St. Cloud Times |date=21 April 2020}}{{cite news |last1=Maurice |first1=Jim |title=Journey Home Reapplying for Conditional Use Permit in Sauk Rapids |url=https://wjon.com/journey-home-reapplying-for-conditional-use-permit-in-sauk-rapids/ |access-date=4 November 2023 |work=AM 1240 WJON |date=3 January 2023 |language=en}}
References
{{reflist}}
External links
- {{Official website|https://www.meridianprograms.com}}
Category:Drug and alcohol rehabilitation centers
Category:Mental health organizations based in Minnesota