Here are some of the biggest mergers and acquisitions in the behavioral health industry over the last year.
Ginger and Headspace Finalize Merger, Creating $3B Behavioral Health Platform
The newly-combined Headspace Health brings together Ginger’s therapy, counseling, and coaching services with Headspace’s mindfulness and meditation offerings. The company will serve more than 100 million customers and over 2,700 enterprise clients. Read More
Centene to Acquire Magellan Health for $2.2B in Play to Bolster Behavioral Offerings
Centene Corporation (NYSE: CNC) acquired Magellan Health (Nasdaq: MGLN) — an MCO and provider of behavioral health services. In addition to strengthening Centene’s behavioral offerings, the acquisition will also improve the insurer’s specialty healthcare and pharmacy management capabilities. Read More
Pear Therapeutics to Go Public in $1.6B SPAC deal
Pear Therapeutics is going public by way of a merger with a special purpose acquisition company (SPAC). The developer of prescription digital therapeutics (PDTs) announced its merger with Thimble Point Acquisition Corp. (Nasdaq: THMA), a blank check company whose management team is associated with the Pritzker Vlock Family Office (PVFO). Read More
Apax Partners and Oak HC/FT Purchase Eating Recovery Center for $1.4 Billion
Apax Funds and Oak HC/FT have joined forces to buy Denver-based Eating Recovery Center. ERC is one of the nation’s largest eating disorder treatment providers, operating around 30 centers across 7 states. Read More
Talkspace to Go Public in $1.4B SPAC Deal
Talkspace is going public through a merger with the special purpose acquisition company (SPAC) Hudson Executive Investment Corporation (HEIC). The subscription-based therapy provider announced the $1.4 billion deal. Read More
Onex Partners Finalizes 60% Purchase of Newport in Reported $1.3B Deal
Toronto-based Onex Corporation announced it had completed its purchase in Newport, a behavioral health provider for teens and young adults. Read More
KKR to acquire Therapy Brands for $1.2B
KKR has agreed to acquire a majority interest in Therapy Brands, a practice management and EHR software platform for behavioral health and physical rehabilitation providers. Read More
Patient Square Capital to Purchase Summit BHC for Over $1 Billion
Patient Square Capital, a Menlo Park, California-based health care investment firm, has agreed to buy Summit BHC from FFL Partners and Lee Equity Partners. Read More
HCA Healthcare to sell behavioral care facility
HCA Healthcare (NYSE: HCA) has entered into a definitive agreement to sell Coliseum Center for Behavioral Health Hospital in Macon, Georgia, to Piedmont Healthcare, an Atlanta-based nonprofit health system, for $950 million. Read More
Medical Properties Trust announces $950M Springstone deal
Medical Properties Trust (NYSE: MPW) has entered into a definitive agreement to acquire 18 inpatient behavioral health hospital facilities and an interest in the operations of Springstone from the PE firm Welsh, Carson, Anderson & Stowe. Read More
Companies featured in this article:
Apax Partners, Centene Corporation, Eating Recovery Center, Ginger, HCA Healthcare, Headspace, Headspace Health, KKR, Magellan Health, Medical Properties Trust, Oak HC/FT, Onex Corporation, Onex Partners, Patient Square Capital, Pear Therapeutics, Summit BHC, Talkspace, Therapy Brands
