Behavioral Health Dealmaking to See More Venture Capital Investment in 2024

While behavioral health dealmaking remained slow in the last quarter of 2023, seed and venture deals became a more active part of the space. That’s according to Mertz Taggert’s Q4 2023 dealmaking report, which recorded 31 transactions in the fourth quarter of 2023–the least since 2020. Overall, there were 136 behavioral health deals in 2023, […]

Nonprofit Behavioral Health Operators The Nord Center, LCADA Way to Merge, Form $45M Organization

Behavioral health operators The Nord Center and The LCADA Way will merge, effective July 1, 2024.  The Lorain, Ohio-based nonprofits will form a $45 million organization that employs about 425 people and operates about a dozen locations, according to a news release. The move attempts to create a “no wrong door approach to behavioral health […]

Top Behavioral Health Trends for 2024

After a tumultuous 2023, 2024 may be a steadier year for the behavioral health industry. While behavioral health deals slipped in 2023, Behavioral Health Business expects M&A to pick up this year as interest rates fall and the economy stabilizes. Still, the M&A craze of 2021 is unlikely, and mega deals will be scarce. This […]

ARC Health Closes 2023 With 18th Merger

ARC Health closed out 2023 with an outpatient mental health acquisition, marking a two-year-long M&A blitz. On Dec. 29, the Independence, Ohio-based company acquired Exult Healthcare for an undisclosed amount. Exult operates several types of care at its two locations north of Dallas-Fort Worth, Texas. These include on-site medical treatment, medication-assisted treatment (MAT), transcranial magnetic […]

Behavioral Health Treatment Center Merges with B2B Telehealth Company, Lands $7M Round

Behavioral health companies Integrative Life Network LLC and Integrative Health Centers Inc. have merged, rebranding as Peregrine Health. The fusion of the two Nashville, Tennessee-based behavioral health companies creates a company with direct-to-consumer and business-to-business service lines. Each was founded and led by Ryan Chapman, who will lead the combined company as CEO, according to […]

Falling Valuations, Less Competition Make Behavioral Health Deals ‘More Attractive’ to Investors

Despite the sky-high interest rates, this could be the prime time for behavioral health acquisitions.  The demand for services remains high and the elevated interest rates mean that valuations are coming back down to earth. While de novo growth strategies have dominated the behavioral health domain in 2023, some investors see this moment as an […]

PE-Backed ARC Health Acquires Manhattan Psychology Group

Thurston Group-backed behavioral health provider ARC Health has acquired Manhattan Psychology Group. Based in New York, Manhattan Psychology Group offers mental health care for children and adults. Its services include group programs for kids and parents, school support, and applied behavioral analysis (ABA), neuropsych testing, and autism evaluations. Founded in 2011 by psychologists Josh Rosenthal […]

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 […]