PE Investment in Autism Services Tracks State Medicaid Rate Increases, Growing Diagnoses

Private equity firms have acquired 574 autism therapy centers across 42 states since 2015. The transaction spree surged between 2018 and 2022, specifically, with nearly 80% of those investments occurring during that period. States with higher autism rates and insurance mandates had more private equity involvement, according to new research published in JAMA Pediatrics. States […]

Step Forward ABA Acquires MySpot Assets, Remaining Operations Spun Off

MySpot, a Miramar, Florida-based diversified pediatric therapy provider with a focus on autism, has been disassembled through two separate actions. The Miami Beach, Florida-based applied behavior analysis provider Step Forward ABA has acquired the North Carolina and Virginia locations once operated by MySpot, according to Step Forward founder and Executive Director of ABA services Diah […]

Ethema Health, Addiction Recovery Care Cancel Acquisition Plans

Ethema Health Corporation (OTCQB: GRST) has reversed course on its plan to acquire Addiction Recovery Care LLC, terminating its letter of intent (LOI). Florida-based Ethema Health, a provider of behavioral health and substance use disorder (SUD) services, previously disclosed its acquisition venture in late October. The plan was for Kentucky-based Addiction Recovery Care to be […]

Exclusive: Interventional Psychiatry Operator Everbright Health Launches in 4 New Markets

San Francisco-based Everbright Health, a mental health company that launched in October with $7 million in seed funding, is already setting its sights on rapid expansion. During the first quarter of 2026, co-founder and CEO Ben Kuhn said Everbright will expand into four new markets: Southern California, South Texas, the Northeast, and the U.S. Virgin […]

2 New Jersey Mental Health Nonprofits Merge, Revenue Could Top $110M

Mount Holly, New Jersey-based Oaks Integrated Care, a nonprofit provider of mental health and addiction treatment, has merged with another New Jersey nonprofit: the Association for Advancement of Mental Health (AAMH). Oaks Integrated Care is one of the state’s largest behavioral health providers with locations throughout 19 New Jersey counties and more than 2,400 employees. […]

Headspace, Spring Health Could IPO; Expect Admin Layoffs in Health Care

Late-stage digital behavioral health companies may once again see the public markets as a potential exit, according to an analysis by PitchBook. In its annual outlook report, the research and data outfit points to the 2025 IPOs of Hinge Health and Omada Health as examples of the public markets “cautiously reopening” to venture capital-backed companies […]

Pediatric Provider Handspring Health Buys Joon Care

Pediatric behavioral health provider Handspring has acquired adolescent therapy company Joon Care. This comes just six months after Handspring announced a $12 million Series A funding round led by Cobalt Ventures. Seattle-based Joon Care offers virtual, skill-based therapy services to individuals aged 13 to 25. The company cares for young people with anxiety, depression, sexual […]

Avesi Partners-backed First Steps Buys Georgia Recovery Campus

Addiction treatment provider First Steps has acquired Georgia Recovery Campus. Macon, Georgia-based Georgia Recovery Campus offers medical detox, residential treatment and outpatient programs. It operates a 63-acre campus as well as several outpatient clinics. “GRC was built on the foundation of inspiring hope and delivering high quality care to those with substance abuse and mental […]

Exclusive: Sero Mental Health Dials In on De Novo Growth, Adds Chief Growth Officer

Following a major rebrand earlier this year, Alachua, Florida-based Sero Mental Health is heading into 2026 with a keen focus on growth through de novo expansions, strategic M&A and building referral partnerships, led by its new chief growth officer, Daniel Krasner. The company already has locations across seven states and much of its focus will […]

MBF Healthcare Partners Launches Youth Mental Health Provider HavenRise

Middle-market private equity firm MBF Healthcare Partners has launched a new youth-focused mental health treatment organization in Jacksonville, Florida. The provider, dubbed HavenRise Academy of Jacksonville, offers outpatient therapy, intensive outpatient programs (IOPs), partial hospitalization programs (PHPs) and family support services. The services are targeted at teens in grades 6 through 12. It will also […]