Private equity-backed outpatient mental health provider ARC Health has made yet another acquisition. This time, it has picked up mental health therapy practice Lotus Consulting. The terms of the deal were not disclosed. Ann Arbor, Michigan-based Lotus Counseling offers mindfulness-based wellness services, as well as mental health services and behavioral health assessments. As part of […]
Category: M&A
After a rocky year and a half on the public market, digital behavioral health company Talkspace (Nasdaq: TALK) may soon have a new owner. Multiple reports say the company is again the acquisition target of telehealth giant Amwell (NYSE: AMWL). According to those reports, Amwell has offered to buy the company for $1.50 per share […]
Private equity investors continued to flock to behavioral health in Q3. PE acquisitions made up more than 60% of all behavioral health transactions in the first three quarters of 2022, according to a new report from The Braff Group. While deals are down from 2021’s outlier year, behavioral health deals in 2022 are expected to […]
In October, private equity firm Lee Equity Partners bought substance use disorder provider Bradford Health. A couple months prior, Charlesbank Capital Partners – another PE player – acquired autism provider Action Behavior Centers. And in July, Revelstoke Capital Partners purchased eating disorder giant Monte Nido & Associates. These three deals and others like it reflect […]
Headspace Health is rolling out a unified enterprise mental health and well-being offering to members. The rollout comes roughly a year after the digital mental health companies Headspace and Ginger completed their $3 billion merger. With the new initiative, users will be able to tap into Ginger’s on-demand coaching, therapy and psychiatric services. The offering […]
Investment firm Thrive Healthcare has announced its acquisition of behavioral treatment provider Harmony Recovery Group for an undisclosed amount. This sale includes 10 treatment facilities based in Florida, North Carolina, Tennessee, New Jersey and Massachusetts. Charlotte, North Carolina-based Harmony Recovery Group offers addiction and mental health treatment programs. Founded in 2015, its services include detoxification, […]
Digital behavioral health company SonderMind has acquired mental health management app Total Brain for an undisclosed amount. The acquisition is expected to help SonderMind expand its services to offer personal-self care and mental health self-tracking tools. In turn, these data points can help therapists track clinical measurement-based outcomes and create personal care plans. Denver, Colorado-based […]
PitchBook projects that private equity deal activity in behavioral health will rebound in 2023. Investors will overcome concerns about the workforce and flat reimbursement rates, taking a long view of the sector, the financial data and software company states in a private equity investment report for the third quarter. Dealmaking volumes have varied by sector. […]
As economic headwinds make smaller tuck-in mental health deals an appealing prospect in 2023, some larger providers may opt to slow their M&A strategy altogether in favor of de novos. Tuck-in acquisitions take time, vetting and money. And in some cases, even after all that, transactions can fail to meet the buyer’s expectations and never […]
Mental health operator Acadia (Nasdaq: ACHC) is furthering its foothold in the comprehensive treatment center (CTC) space with the acquisition of four new addiction care centers in Georgia. Acadia’s acquisition of Georgia-based Brand New Start Treatment Centers – announced Tuesday – brings the company’s total network of sites offering medication assisted treatment (MAT) to 148 […]
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