PsychPlus Acquires Precision Psychiatric Services - Behavioral Health Business
PsychPlus has acquired Precision Psychiatric Services Inc., adding over 100 psychiatrists to its growing national practice, which focuses on partnerships with hospitals and other facilities. The deal follows its previous acquisition of Koa Health, an international digital therapeutics business.
Key Points:
- Expansion: Combined, the acquisitions accelerate PsychPlus' expansion throughout the U.S.
- Services: Precision Psychiatric Services offers psychiatric hospitalist services and operates an outpatient clinic business with approximately 120 clinics in 30 states.
- Expertise: Founded by Dr. Harjeet Brar in 2018, Precision provides in-person and telehealth services to various facilities, including emergency departments, inpatient behavioral health facilities, and outpatient clinics.
- Partnerships: Notable partners include Kaweah Delta Health Care District, Good Samaritan Hospital, Stars Behavioral Health Group, and Kaiser Permanente.
- Company Background: PsychPlus, founded in 2020, claims to be the "world’s largest technology-enabled mental health company," supporting 6 million patients worldwide.
Chris Larson, a senior reporter for Behavioral Health Business, authored this article. He holds a bachelor's degree in communications from Brigham Young University and has been covering the health care sector since December 2016. Based in the Louisville metro area, Larson enjoys spending time with his family, cooking/baking, and reading sci-fi and fantasy novels.