Cimarron Healthcare Capital Completes Acquisition of Ascent Behavioral Health

Private equity firm Cimarron Healthcare Capital has completed its acquisition of Ascent Behavioral Health. The deal comes in partnership with the Ascent’s management team, private credit asset management firm Monroe Capital and PE firm Veronis Suhler Stevenson. Financial terms of the transaction were not disclosed. Salt Lake City, Utah-based Ascent operates six residential behavioral health […]

Transactions & Financings: Mystery Provider Signs Lease on New Headquarters; Autism Acquisitions

Acorn Health acquires Autism University Autism Services of Michigan (ACM), an Acorn Health company based in Traverse City, is joining forces with another Wolverine State provider, Macomb-based Autism University. Under the deal, Autism University will become a wholly-owned subsidiary of Acorn Health. Financial terms were not disclosed. Acorn Health operates five autism services companies specializing […]

MHCA CEO: Endurance Key For Behavioral Health Providers Sailing into 2020

Behavioral health providers are notoriously mission-driven, sometimes at the expense of being business-minded enough to remain financially viable. Additionally, they’ve been historically siloed. Tallahassee, Florida-based MHCA has been trying to tackle those industry weaknesses and others since its founding back in 1985. Sailing into the choppy behavioral health waters of 2020, that mission remains. Formerly […]

Behavioral Health Real Estate Sparks Interest of Institutional Capital

As stigma decreases and demand for behavioral health services grows, institutional capital is taking notice, with behavioral health real estate being one hot new area of interest.  First movers like Sabra Health Care REIT are hoping to take advantage of the emerging market. “None of our peers are in the space at this point,” Sabra […]

Non-Publicized Deals Boost Q4 Behavioral Health M&A Stats

The behavioral health industry may have seen more transactions in the fourth quarter of 2019 than previously believed, according to new data from M&A advisory firm Mertz Taggart. Data recently released by Irving Levin Associates suggested that the market saw a slow down in M&A activity in Q4. However, Mertz Taggart’s analysis found that behavioral […]

Transactions & Financings: Stepping Stones’ Autism Play; Summit BHC’s New Territory

PE-backed Stepping Stones Group builds out autism offerings The Stepping Stones Group — a portfolio company of Five Arrows Capital Partners, the North American corporate PE arm of Rothschild & Co. Merchant Banking — has acquired STAR of CA to build out its autism offerings. Financial terms of the deal were not released. Lafayette, Colorado-based […]

What PE Investors Want from Autism Treatment Providers

With private equity’s interest in autism expected to accelerate in 2020, providers in the space are poised to have a potentially lucrative year.  The autism market, though one of the smallest sub sectors in behavioral health at an estimated $7 billion, currently commands some of the industry’s highest valuations. “In autism, [multiples are] upwards of […]

Behavioral Health M&A Down 21% in Q4 2019

There was a steep slowdown in mergers and acquisitions during the fourth quarter of 2019, according to new data from Irving Levin Associates. During the quarter there were 15 publicly announced transactions, down 21% from the 19 transactions in Q3 2019 and down 46% from a year earlier. “This sector has seen years of growth […]

Private Equity Hungry for Autism Providers, Consolidation Will Accelerate

Private equity’s interest in autism has boomed in recent years, and in 2020, providers can expect to see more of the same. Armed with record levels of capital, private equity firms such as Blackstone Group, Inc. and Carlyle Group LP have amassed almost $1.5 trillion in unspent capital, the highest year-end total on record, according […]