Banyan Treatment Center

What Banyan Treatment Center does

Banyan Treatment Center is a Pompano Beach, Florida-headquartered, for-profit behavioral health platform operating 19 facilities across 9 states. The company delivers a full continuum of addiction and mental health treatment services spanning medical detox, residential care, partial hospitalization (PHP), intensive outpatient (IOP), standard outpatient, telehealth, and medication-assisted treatment (MAT). Banyan treats individual patients and their families and has served more than 102,000 patients cumulatively, operating in-network with 100+ insurance plans and holding accreditations from the Joint Commission, SAMHSA, NAATP, and LegitScript.

Banyan's business model is a multi-site fee-for-service clinical delivery model. Revenue is generated through insurance reimbursement and patient self-pay across the acuity ladder, with the residential and PHP tiers representing the highest revenue per patient and the outpatient, IOP, and telehealth tiers providing lower-acuity volume and alumni reactivation. The company pursues a multi-brand platform strategy, with subsidiaries including Clearbrook Treatment Centers and Behavioral Health of the Palm Beaches (acquired June 2018), and has invested in AI-supported clinical tools including Banyan Companion (with HoloMD) and Kipu Intelligence for documentation. Clinical leadership is anchored by CEO John Sory and CMO Dr. Darrin Mangiacarne.

Growth is supported by a TPG Rise Fund growth-equity investment (June 2023) and an active facility-expansion and M&A pipeline, evidenced by the March 2026 Tampa opening. Headcount of 1,001-5,000 employees reflects operating scale across the network, with the company positioning as a multi-state, full-continuum behavioral health platform rather than a single-site operator.

Name

Banyan Treatment Center

Legal name

Banyan Treatment Center

Website

https://banyantreatmentcenter.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Banyan Treatment Center is a multi-state behavioral health platform operating 19 facilities across 9 states, delivering a full continuum of addiction and mental health treatment — from medical detox through outpatient and telehealth — to individuals and families, with in-network coverage across 100+ insurance plans.

Ownership category

akta.pro rank

Product category

Addiction Treatment Services

NAICS

Residential Mental Health and Substance Abuse Facilities (623220), Outpatient Mental Health and Substance Abuse Centers (621420), Residential Mental Health and Substance Abuse Facilities (62322)

SIC

Services-Nursing & Personal Care Facilities (8050), Services-Specialty Outpatient Facilities, Nec (8093)

akta.pro primary industry

Residential Substance Use Rehabilitation (Inpatient Rehab) (HLAFACAE)

akta.pro secondary industries

Substance Use Detoxification Centers (Medical Detox) (HLAFACAD), Outpatient Substance Use Treatment Programs (IOP/PHP/OP) (HLAFACAF), Residential Mental Health Treatment Centers (HLAFACAC)

Keywords

• Addiction treatment services
• Substance use disorder care
• Behavioral health treatment
• Residential rehab programs
• Mental health services

Headquarters

HQ city

Pompano Beach

HQ country

United States

HQ region

North America

Offices17 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Healthcare Services Revenue: Banyan generates the majority of revenue through billable healthcare services across its facility network. Services include medical detox, residential treatment, partial hospitalization (PHP), intensive outpatient (IOP), outpatient, and telehealth programs. Revenue is collected through insurance reimbursement from in-network and out-of-network payers, as well as potential self-pay arrangements. The company accepts over 100 insurance plans and is in-network with major providers including Aetna, Cigna, Blue Cross Blue Shield, UnitedHealthcare, Optum, Oscar, Humana, and TriCare.
2. Telehealth/Virtual IOP Services: Virtual intensive outpatient programs delivered via telehealth generate revenue through the same insurance reimbursement model as in-person services. Telehealth IOP is covered by most major insurance plans and Medicaid, with sessions delivered through secure HIPAA-compliant video platforms.
3. EAP and Union Benefit Contracts: Banyan works directly with Employee Assistance Programs (EAPs) and union benefits administrators to provide covered, confidential addiction and mental health treatment for members and their families, indicating a B2B revenue stream from institutional payers.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Banyan Treatment Center provides substance use disorder and mental health treatment services across multiple levels of care, including medical detoxification, residential inpatient treatment, partial hospitalization (PHP), intensive outpatient (IOP), outpatient care, and dedicated telehealth programs. The organization operates 19 facilities across 9 states and serves individuals with addiction and co-occurring mental health disorders through evidence-based clinical programs, specialized population tracks, and AI-supported post-discharge monitoring.

Product overview

Banyan Treatment Centers operates a multi-facility behavioral health treatment network offering a full continuum of care for substance use disorders and mental health conditions. The core product portfolio includes inpatient/residential treatment, partial hospitalization (PHP), intensive outpatient (IOP), outpatient, and telehealth/virtual IOP programs. Key product modules include specialized telehealth programs (Telehealth Mental Health, Telehealth SUD, HerSpace Women's IOP, HisSpace Men's IOP), the AI-powered Banyan Companion monitoring program for post-discharge support, and family therapy services. Treatment is delivered across 17+ facilities in nine states (Florida, Pennsylvania, Colorado, Illinois, California, Alaska, Texas, Delaware, Massachusetts) with technology integration through Kipu Health's EMR platform. The company emphasizes evidence-based therapies including CBT, DBT, EMDR, and medication-assisted treatment, with recent investment from TPG's The Rise Fund supporting national expansion.

Differentiator

Problem solved

Functional benefit

Brands

• Banyan Boca: Residential mental health treatment facility in Boca Raton, Florida serving Palm Beach County
• Banyan Gulf Breeze
• Banyan Pompano
• Banyan Sebring
• Banyan Stuart
• Banyan Tampa
• Banyan Texas
• Banyan Alaska
• Banyan Palm Springs
• Banyan Castle Rock
• Banyan Delaware
• Banyan Chicago
• Banyan Heartland
• Banyan Philadelphia
• Clearbrook Treatment Centers
• Behavioral Health of the Palm Beaches
• HerSpace
• HisSpace
• Banyan Telehealth
• Faith in Recovery

Products and services

• Medical Detoxification

Quantifiable outcome

• 42% reduction in documentation times after implementing Kipu Intelligence across 22 tracked studies, including 67% reduction for Biopsychosocial Assessments and 90% reduction for AMA/AD notes
• +5 more outcomes

Named customers17 records

Segments10 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• HoloMDcoreTechnology or Integration · 25 March 2026Banyan Treatment Centers partnered with HoloMD to develop and pilot the Banyan Companion AI-supported monitoring program. The 90-day pilot at Banyan's Texas facility evaluated between-visit monitoring for post-discharge patients recovering from substance use disorder. Results showed 83% of enrolled clients remained active on the platform, 36% generated actionable clinical escalations, and 19 human-AI alerts required clinical staff review or intervention.
• Kipu Health (Conference Partnership)minorGTM or Marketing Partner · 17 February 2026Banyan Treatment Centers was featured as a peer organization at Kipu Health's Elevate 2026 inaugural customer conference (April 22-24, Carlsbad, California). The conference is an executive forum for behavioral health leaders exploring AI-driven strategies, with Banyan sharing AI adoption strategies and operational best practices alongside other organizations including Community Medical Systems, Recovery Unplugged, Guardian Recovery, and Sanford Behavioral Health.
• Kipu HealthcoreTechnology or Integration · 12 January 2026Banyan Treatment Centers implemented Kipu Intelligence, an AI-powered documentation and clinical operations platform from Kipu Health. The implementation resulted in a 42% reduction in documentation times, 67% reduction for Biopsychosocial Assessments, and 90% reduction for AMA/AD notes, with note compliance improving from 93% to 100%. Banyan was named Kipu Health's 2025 Innovator of the Year. Banyan also participated in Kipu's Elevate 2026 customer conference as a featured peer organization sharing AI adoption strategies.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Caron Treatment Centers: Caron runs residential and outpatient SUD treatment programs with specialized population tracks (adolescents, older adults, executives) and a national referral base. Closely comparable on full continuum delivery and population-specific programming.
• Pinnacle Treatment Centers: Pinnacle Treatment Centers operates a multi-state network of SUD treatment facilities spanning detox, residential, IOP, and outpatient with similar payer relationships. Comparable on multi-site SUD delivery model and regional roll-up approach.
• American Addiction Centers: American Addiction Centers operates a multi-state network of residential, detox, PHP, IOP, and outpatient SUD treatment facilities under similar insurance-billing economics. Closely comparable on footprint, level-of-care mix, and direct-to-consumer marketing model.
• Recovery Centers of America: Recovery Centers of America runs a multi-site inpatient and outpatient addiction treatment network on the East Coast and Mid-Atlantic, with a similar continuum-of-care model and payer-contracted approach. Directly comparable in facility-based SUD delivery and geographic roll-up strategy.
• Promises Behavioral Health: Promises operates residential and outpatient addiction and mental health treatment centers across multiple states with luxury-positioned facilities. Directly comparable on level-of-care mix and residential-focused SUD delivery.
• Hazelden Betty Ford Foundation: Hazelden Betty Ford is a nonprofit multi-site provider of residential and outpatient SUD and mental health treatment with national brand recognition. Comparable on full continuum of care, evidence-based therapies, and specialized population programming.
• BayMark Health Services: BayMark is the largest US provider of office-based opioid treatment and operates a network of SUD treatment facilities including detox, residential, and outpatient programs. Comparable on multi-state SUD delivery and insurance-reimbursed care model.

Broad incumbents

• Acadia Healthcare: Acadia is a publicly traded behavioral health operator running inpatient psychiatric facilities and residential treatment centers across the US. Comparable on residential mental health and SUD delivery at scale, with broader portfolio than Banyan.
• Universal Health Services (Behavioral Health Division): UHS operates one of the largest US behavioral health hospital and residential treatment networks as part of a broader acute-care and behavioral health portfolio. Comparable on inpatient psychiatric and residential SUD delivery, but operates at much larger scale across many more states.

Others

• Kipu Health: Kipu Health is Banyan's EMR and AI documentation vendor and the partner behind the Kipu Intelligence and Banyan Companion deployments. Included as an ecosystem enabler rather than a competitor — Kipu's product roadmap directly affects Banyan's clinical and operational tooling.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/banyantreatmentcenters
• Xx.com/BanyanTreatment
• Facebookfacebook.com/banyantreatmentcenterfl

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banyan Treatment Center