It’s no secret private equity investment across the board has been sluggish, though that may soon change with 2025 shaping up to be a more bullish period for M&A. While interest in the behavioral health sector remains healthy, high interest rates and other factors had stalled dealmaking. As the overall macro-economic landscape improves, many private […]
Mental health provider Thriveworks has acquired AI-powered behavioral health company Synchronous Health. The acquisition enables Thriveworks to expand its technology base and operate enterprise relationships with large partners, the company’s top executive told Behavioral Health Business. “There were two boxes that we wanted to check,” Thriveworks CEO Dan Frogel told BHB. “[Synchronous] stands for access […]
Behavioral health has had a series of small but laudable wins in the last few weeks. The Biden administration finalized new parity rules. Drug overdose deaths are on the decline. The Federal Reserve cut interest rates. And Fed observers are predicting additional rate cuts, too. Be still my nerdy behavioral health industry-observer heart: That’s quite […]
The Federal Reserve recently announced a long-hoped-for rate cut, potentially enabling easier behavioral health dealmaking. Dealmaking in behavioral health has diminished in recent years after cresting in 2021. The same year, the inflation rate took off. The following year, the Federal Reserve, the American central bank, raised interest rates at the fastest clip in recent […]
Anthony DeSena is a physical therapist by training. After transitioning into a leadership role at a PT company and helping it grow, he leveraged that experience to help other health care organizations do the same. Now, he and his team are building a new company from the ground: PAX Health. Unveiled earlier this year, PAX […]
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 […]
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