Pediatric Provider Summer Health Acquires Gen Z Health Platform Caraway

Gen Z health platform Caraway Health has sold to pediatric behavioral health startup Summer Health. The deal will give Summer Health a new foothold in adolescence and early adult health. Caraway Health was founded in 2022 and is focused on caring for Gen Z women’s health. It offers a wide array of mental health services, […]

PE Firm Nautic Partners Buys Proud Moments ABA

Providence, Rhode Island-based private equity firm Nautic Partners has acquired Proud Moments ABA. Previously held by the PE firm Audax Private Equity, the Boston-based autism therapy provider traded effective Feb. 3, according to a news release. The terms of the deal were not announced. Proud Moments ABA grew significantly during its time as an Audax […]

Behavioral Health Prime for Consolidation in 2025, But Regulatory Uncertainty Looms

After years of stagnation, behavioral health providers are actively seeking growth opportunities and finally warming up to more M&A. The uptick in deal flow is evident in even the first month of the year. Behavioral health platform company Oceans Healthcare announced the purchase of Haven Behavioral Healthcare in early January, and Iris Telehealth closed a […]

3 IDD Nonprofits Merge Services to Beat Inflation,  Expand Services

Three behavioral health organizations that serve people with intellectual and developmental disabilities have agreed to merge. The Maine-based nonprofits — GMS, Uplift and Independence Advocates of Maine (IAM) — announced Feb. 3 that they would merge. The nonprofits cited workforce shortages, rising operational costs, shrinking reimbursement rates and increasing competition as drivers of the deal. […]

Orchard Mental Health Group Quadruples Footprint with Double Acquisition

Orchard Mental Health Group has quadrupled its footprint by acquiring two companies. Formerly known as Quince Orchard Psychotherapy, Orchard Mental Health Group now operates eight locations after adding GBCC Behavioral Health and Oasis Behavioral Health Urgent Care to its footprint. These two entities collectively operate six locations with over 80 clinicians. As part of the […]

Clinician-Entrepreneurs Merge 4 Companies, Launch Well Behavioral Health

Two clinician-entrepreneurs have merged their several behavioral health organizations to create Well Behavioral Health, a company zeroed in on a holistic care model. Well Behavioral Health is the result of the fusion of Eating Disorder Recovery Specialists, Mental Health Recovery Specialists, Sanctuary Psychology P.C. and Well Williamsburg. These entities were collectively founded by Sarah Chipps, […]

Odyssey Behavioral Healthcare Quietly Trades to PE Firm JLL Partners

Brentwood, Tennessee-based Odyssey Behavioral Healthcare traded quietly late last year to a new private equity backer, Behavioral Health Business has learned. In November, New York City-based JLL Partners acquired Odyssey Behavioral Healthcare from the international investment firm The Carlyle Group. The latter firm acquired Odyssey in December 2018. BHB previously identified Odyssey as one to […]

‘Not For the Faint of Heart’: What Makes (or Breaks) Mental Health Payer Pilots 

Fostering successful pilots with health plans is critical for digital mental health startups. These relationships can promise significant promise for providers and payers, but a negative outcome can mean wasted time and resources. While risk is an inherent part of a trial run for a digital mental health provider, both health care companies and payers […]

Bicycle Health Reaches Profitability Milestone, Secures $16.5M for Sustainable Growth and M&A

Virtual opioid use disorder (OUD) treatment provider Bicycle Health has achieved profitability after abandoning its “growth at all costs” mindset and streamlining its business model. The company is now set for long-term, disciplined growth, including acquiring other providers, founder and CEO Ankit Gupta told Addiction Treatment Business. Bicycle will use funds from a new $16.5 […]

Quartet Health Acquired by Neuroflow Following Divestiture of Telehealth Assets

Quartet Health’s time as a standalone venture is over. The New York City-based, value-based care-focused technology and services provider has been acquired by NeuroFlow, another behavioral health-focused technology company. This deal was announced just days after the divestiture of now-former tele-psychiatry provider innoTel. That company was acquired by Iris Telehealth. “When our leadership team began […]