What CARD’s Clean Slate Post-Bankruptcy Could Mean For Autism Therapy Sector

The Center for Autism and Related Disorders’ (CARD) bankruptcy was bad news for investors placing big bets in the autism therapy space. But there are upsides for the company. CARD’s new owners, Doreen Granpeeseh and Sangam Pant get a clean slate at the scaled autism therapy company. And it’s a company with which they are […]

PE-Backed Hightop Health Launches Outpatient Mental Health Platform with Atlanta Acquisition

A new outpatient mental health provider Hightop Health has entered the behavioral health space. Backed by private equity firms JLL Partners and SV Health Investors, Hightop offers an outpatient mental health platform that uses an integrative and measurement-based approach to care. The launch coincides with the news of Hightop’s first acquisition. The provider has purchased […]

‘The Era of Growth at All Costs Is Over’: Discovery, LifeStance, Summit BHC Reset M&A Strategies

Growth in the behavioral health industry may look very different in 2024 than it has over the past few boom years. Gone are the days of growth for growth’s sake. Today, providers are prioritizing targeted de novo gains and keeping their balance sheets cash-flow positive. Industry headwinds, including high rates and ongoing labor shortages, have […]

‘You Can’t Stay Like This Forever’: Buyers Becoming More Skittish in Behavioral Health M&A

M&A activity in the behavioral health space has slowed down significantly in recent years, dropping to pre-pandemic levels. The behavioral health industry is not alone in this, Dexter Braff, president of M&A advisory firm The Braff Group, said at Behavioral Health Business’ INVEST conference. External factors, including inflation, staffing shortages, fear of recession and unrest […]

Gen Z Health Provider Caraway Acquires Digital Group Therapy Platform Sesh

New York-based Caraway announced that it has acquired Sesh, a digital group therapy platform, allowing the Gen Z women’s health-focused company to integrate group support and therapy into its offerings. The deal closed earlier this month and will provide another modality of mental health care to Caraway’s portfolio, Caraway CEO and co-founder Lori Evans Bernstein […]

Nonprofit IDD Providers I Am Boundless and Koinonia Announce Merger

Intellectual and developmental disabilities (IDD) providers I Am Boundless and Koinonia have announced their plans to merge. The combined organization will operate under the Boundless brand. The joint company projects that it will surpass $135 million in revenue next year, making it the largest IDD provider in Ohio. “We are so glad that we can […]

WTWH Media Acquires HME Business and Mobility Management, Growing Its Health Care and Life Sciences Offerings

WTWH Media LLC has announced the acquisition of HME Business and Mobility Management from 1105 Media Inc. The two digital B2B media properties are focused on the home medical equipment industry, mobility professionals, and rehabilitation suppliers and clinicians. These two additions build upon WTWH’s presence in the health care sector and further enhance its ability […]

Acadia CEO Breaks Down Future Expansion Opportunities

Acadia (Nasdaq: ACHC) is the country’s largest pure-play behavioral health provider — and it doesn’t plan to lose that title any time soon.  Its ambitious growth strategy includes adding 300 beds per year, but recently, that number has been closer to 400 additional beds. And there is plenty of room to grow across the country, […]

Art of the Behavioral Health Deal: Critical Considerations for Operators Looking to Sell

Behavioral health operators looking to cash in on their businesses must understand both sides of the M&A equation. That partly means figuring out how much their company will be worth moving forward and what goes into the valuation-setting process. It also means understanding the micro- and macro-level forces shaping the industry in the present. Generally, […]

MBF Healthcare Partners-Backed ABA Connect Expands Into Colorado Via M&A

Austin, Texas-based ABA Connect has acquired Colorado Springs, Colorado-based autism provider Bright Behavior LLC. The deal marks ABA Connect’s first operation outside of Texas. Now, the company operates 11 clinics. The Coral Gables, Florida-based private equity firm MBF Healthcare Partners acquired ABA Connect in November 2022. ABA Connect was founded in 2013.   “Not only does […]