Investing in the behavioral health industry has evolved rapidly in the last five years. From dizzyingly high funding levels to dramatic drops in annual totals, the recent past makes visualizing the future a daunting task. But long-term industry trends and emerging investment patterns offer some idea of what direction up-and-coming behavioral health companies are heading. […]
Private equity-backed behavioral health companies are organizing to oppose additional dealmaking oversight in the health care hotbed of California. Since April, Assembly Bill 3129, sponsored by Assemblymember Jim Wood, has passed out of the California State Assembly and has succeeded in two committee votes in the California State Senate. The bill, if enacted, would require […]
Ketamine therapy provider HOPE Therapeutics announced it plans to acquire five ketamine clinics and reach $100 million in annual revenue in less than a year. HOPE Therapeutics, a subsidiary of NRx Pharmaceuticals (Nasdaq: NRXP), announced on Monday that it has secured $30 million in debt to finance the acquisitions. The company is apparently targeting five […]
Dealmaking in the behavioral health space is slow these days — there’s no arguing that. But there are still plenty of lessons to be learned from the deals that have been completed thus far in 2024. With less to look at, there’s more to see. With fewer deals, we can spend more time taking in […]
Austin, Texas-based ABA Connect has doubled its facilities in the last two years by acquiring two other applied behavior analysis (ABA) companies. The autism therapy provider has now unified its brands, ABA Connect, Bright Behavior and ABA Therapy of Houston, under the name BrightPath Behavior, and is forging a course for organizational growth. “Brand awareness […]
Neuronetics (Nasdaq: STIM), a provider of transcranial magnetic stimulation (TMS), has acquired competitor Greenbrook TMS. Neuronetics purchased all of Greenbrook’s outstanding common shares in an all-stock transaction. The deal comes months after Greenbrook was delisted from the Nasdaq Stock Market LLC. “Beyond the strategic benefits, we believe this acquisition will help create a more attractive […]
As the M&A market begins to rebound for behavioral health providers, many in the sector are looking beyond their traditional targets and bridging the divide between nonprofits and for-profits. Historically, for-profits and nonprofits have had many preconceived notions about each other. Nonprofits have dismissed private companies as solely profit-driven entities lacking a true mission. Meanwhile, […]
Dealmaking in the behavioral health space has been slower in recent years. However, a handful of notable companies could be changing hands in the not-so-distant future. Based on data from the first quarter, it appears behavioral health dealmaking is stuck at lower volumes than pre-pandemic levels. As we prepare for new batches of M&A data […]
The autism industry’s course correction couldn’t have come at a more opportune time. Over the last two years the autism industry has seen a dip in M&A deal flow. After a massive infusion of capital in 2021 and 2022, the industry saw major public stumbles, including the bankruptcy of large ABA provider CARD and massive […]
Private equity-backed ABA Connect has acquired ABA Therapy of Houston, bringing its footprint to 12 facilities across Texas and Colorado. The acquisition bolsters ABA Connect’s foothold in the greater Houston area, complementing its existing facility in nearby Katy, Texas. The company’s CEO, Jessie Smedley, called ABA Therapy of Houston a “natural addition.” “In our early […]
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