Virtual Behavioral Health Provider UpLift Acquires Minded

Virtual behavioral health provider UpLift has acquired Minded, a psychiatric telehealth provider focused on women. The acquisition allows UpLift to expand into all 50 states and double down on its psychiatric care. Minded will also bring a number of insurance contracts to the table, allowing UpLift to care for more patients on an in-network basis. […]

ARC Health Acquires 15th Practice; 3 Addiction Treatment Facilities Form BlueCrest Health

Three addiction treatment companies merge to form BlueCrest Health Group BlueCrest Recovery Center, QuickSilver Counseling Center, and Assess With Guidance have merged to form BlueCrest Health Group to support the operations of these New Jersey-based outpatient addiction treatment facilities. Collectively, BlueCrest Health Group offers partial hospitalization programs (PHP), intensive outpatient programs (IOP) and outpatient therapy. […]

Expect More Distressed Behavioral Health Assets to Come to Market in 2024

Distressed assets in behavioral health are more likely to come to market in 2024, according to several dealmaking professionals. This is bad news for buyers who acquired assets at the top of the market three to five years ago. Multiples are down from atmospheric highs, leaving it unlikely that investors will make exits at their […]

Acadia to Expand Partial Hospitalization, Intensive Outpatient Programs

Acadia Healthcare Co. Inc. (Nasdaq: ACHC) has plans to grow its partial hospitalization programs (PHP) and intensive outpatient programs (IOPs). Acadia’s preparations to weather the Medicaid redetermination storm have paid off and is now seeking to expand its continuum of care to meet increased needs and drive growth, according to its Q3 earnings call. The […]

Havencrest Plans to Corner Texas’ Outpatient Mental Health Market Via Deep Eddy Psychotherapy Expansion

Havencrest Capital Management is doubling down on its Texas-based behavioral health efforts, announcing a new acquisition. Austin, Texas-based Deep Eddy Psychotherapy Management LLC acquired Dallas-based Dallas Counseling Treatment Center Management in August. The move is something of an exception to Havencrest’s de-novo-focused plan for Deep Eddy. But it fits well with the Dallas-based PE firm’s […]

Inside The Competitive But Fragmented World of IDD Dealmaking

The intellectual and developmental disability (IDD) field may be one of the most complex and fragmented segments of the behavioral health industry. That has not prevented IDD providers, however, from driving an impressive number of deals. That includes both for-profit and nonprofit organizations. “Having run and operated within all verticals of behavioral health, IDD is […]

‘It’s a Courtship’: Behavioral Health JVs Require Intensive Work But Offer Major Upside

Demand for behavioral health services has skyrocketed in recent years, driving the need for providers and health systems to expand their geographic footprints. In the process, some are finding great success with joint venture partnerships. JV deals have become a key method to meet the rising need for behavioral health services, and hospital systems are […]

Psychedelic Venture Studio Beckley Waves Acquires Ketamine Provider Nue Life

Psychedelic-focused venture studio Beckley Waves has acquired digital ketamine-assisted therapy (KAT) provider Nue Life. Beckley Waves seeks to improve access to well-being-enhancing medicines and tools in an industry that is dominated by “antiquated” approaches to mental health, according to Daniel Love, co-founder and partner at Beckley Waves and interim CEO of Nue Life. “At the […]

The Behavioral Health Deal Slump May Be Overblown 

Fears for a sluggish 2023 may have been overblown. “Aggressive” deals are still being made, though they may be smaller than in years past.  That’s according to industry insiders at Behavioral Health Business’ 2023 INVEST conference. Lenders and issues with access to capital drove lower transaction volumes in 2023, Kevin Taggart, managing partner at Mertz […]

Legal, Regulatory Uncertainty Could Slow Down Behavioral Health Dealmaking

Several regulatory and macroeconomic shifts created a new era of heightened scrutiny in behavioral health investing. Higher interest rates, workforce challenges and inflation have made investors and acquisitive companies more thoughtful about where they place their bets. On top of the market force headwinds, the Biden administration and some state governments have signaled that they […]