Digital Mental Health Provider Uwill Acquires Virtual Care Group, Increases Strategic Partnerships to Over 400

Virtual mental health provider Uwill has acquired competitor Virtual Care Group. Both companies had found a niche offering digital mental health services to college students, and now Uwill will leverage the Virtual Care Group’s business to accelerate its already aggressive growth trajectory. Natick, Massachusetts-based Uwill announced the deal on Tuesday. The transaction adds 100 additional […]

Behavioral Health M&A Value Plunges 18% in First Half of 2024

The total value of behavioral care deals was down by 18% in the first half of 2024, compared to 2023. That’s according to PWC’s new mid-year report on deals in the health services sector. The report counted a total of 81 behavioral care deals in the first half of the year, equating to a 2% […]

The Rise of Earnouts and Seller Notes in Behavioral Health M&A

While behavioral health deals have been relatively slow since the post-pandemic boom, many buyers and sellers are now evaluating different structures for deals that could include earnouts and seller notes. “There absolutely has been a slowdown in M&A activity really since 2022. And there continues to be a real gap in valuation expectations between buyers […]

Addiction Provider T&R Recovery Group Acquires Origins Behavioral Healthcare

Addiction and mental health treatment provider T&R Recovery Group has acquired Origins Behavioral Healthcare, adding four locations to its portfolio.  The nonprofit Hanley Foundation, dedicated to substance use disorder (SUD) care, announced it was divesting Origins less than five months after acquiring the treatment provider. “The addition of Origins Recovery represents a significant milestone in […]

Venture Capital Accounts for $350M in Behavioral Health Dealmaking in Q1

The behavioral health industry appears to have found a new, historically elevated floor for deal flow in the year’s first quarter. Since the beginning of 2023, quarterly deal totals tracked by the M&A firm Mertz Taggart have been at about 40 transactions. The first quarter of 2024 brought much of the same, with a few […]

Behavioral Health Provider Resources for Human Development Joins Inperium

Nonprofit network Inperium plans to acquire behavioral health provider Resources for Human Development. The combined entity is expected to generate roughly $800 million annually. As part of the deal, which is expected to close in the third quarter of 2024, Inperium will invest in RHD’s services and the pair will combine their administrative operations. Before […]

3 Substance Treatment Centers Merge to Form Tulip Hill Healthcare, Unveil Plans for Growth

Three southeastern substance use disorder (SUD) treatment providers have merged to form Tulip Hill Healthcare. The merger consolidates Tennessee-based Tulip Hill Recovery with two Kentucky-based SUD treatment centers, Louisville Addiction Center and Lexington Addiction Center. The move positions Tulip Hill for future growth, with Tulip Hill executives planning to open three new facilities in the […]

New State Laws Could Complicate Behavioral Health Dealmaking

State governments are casting an increasingly critical eye on health care dealmaking, likely making it harder for the behavioral health industry to transact deals. The impact of these laws will be uneven across the U.S. as some state legislatures take up or resist these laws. Today, about a dozen states have some form of disclosure […]

Private Equity Owns 6.2% of Mental Health, 7.1% of Addiction Treatment Facilities

New research reveals how much private equity is in control of the behavioral health sector. In short, it’s less than dealmaking trends in the last several years may suggest. “Cumulatively, private equity-owned mental health practices constituted 6.2% of all mental health facilities (652 of 10,324) and 7.1% of all SUD facilities (1,152 of 16,174) nationally, […]

Comvest-backed Your Behavioral Health Acquires Teen-Focused Insight Treatment Programs

Your Behavioral Health (YBH) announced it acquired teen mental health and substance use disorder (SUD) treatment provider Insight Treatment Programs. The deal expanded private equity firm-backed YBH’s total footprint to over two dozen facilities across Southern California. “An established provider in the mental health care space, Insight is an excellent fit that expands Your Behavioral […]