What Transcarent’s $621M Acquisition of Accolade Means for Behavioral Health

Digital health platform and investor darling Transcarent has acquired Accolade (Nasdaq: ACCD), a personalized health and benefits company that offers virtual-first integrated care, including behavioral health services. Transcarent announced on Wednesday that it would acquire Accolade for $7.03 per share in cash, a total equity value of approximately $621 million. The artificial intelligence (AI)-forward companies […]

Mental Health Startups Face Critical Build vs. Buy Decisions

Maturing behavioral health startups often look at three paths for scaling: de novo growth, M&A, or new partnerships. Each pathway to growth has its pros and cons. For example, acquisitions may bring new capabilities, clinicians, and a client base to the table. However, merging new companies means integrating new systems and work cultures. “[M&A] is […]

Oceans Healthcare Acquires Haven Behavioral Healthcare, Expands Into 5 New States

Behavioral health provider Oceans Healthcare has acquired Haven Behavioral Healthcare, adding seven new locations to its roster. Plano, Texas-backed Oceans announced on Thursday that it acquired all outstanding shares of Haven Behavioral Healthcare, bringing the provider into five new states: Arizona, Idaho, Ohio, New Mexico and Pennsylvania. “Oceans has consistently sought opportunities that would expand […]

Eating Disorder Outlook 2025: M&A On the Rise, GLP-1s Impact Treatment 

The eating disorder treatment sector has transformed dramatically in the past few years, with 2025 poised to bring further disruption through virtual care expansion, market consolidation and evolving patient needs. This evolution is occurring on the heels of a string of notable eating disorder treatment facility closures in 2023 and 2024.  Despite the shuttering of […]

Why 2025 Could Be a Blockbuster Year for Behavioral Health Dealmaking

The behavioral health dealmaking outlook has been sluggish for the past two years. But that could all change in 2025, as private equity investors look to hop back into the game driven by lowering interest rates and limited partners ready to cash in on their investments. “2025 is going to be the best year that […]

Autism Therapy Provider Proven Behavior Solutions Acquires Prism Autism, Expands into Second State

Autism therapy provider Proven Behavior Solutions has acquired Prism Autism Education & Consultation, expanding its footprint into a second state. The acquisition brings Proven’s total facility count to seven. “We are excited to welcome Prism into the Proven family,” Scott Snider, Proven CEO, said in a statement. “This partnership strengthens our ability to offer even […]

Behavioral Health Deal Values Grew by 324% in 2024

Stakeholders in the behavioral health industry can expect dealmaking to accelerate into and throughout 2025. Behavioral health deals in 2024 – while decreased in quantity – already represented a significant increase in value over the previous year, according to a new PwC Health Research Institute report. The substantial sum of available corporate and private equity […]

Wellpath’s $425M Behavioral Health Division on the Market Following Bankruptcy Announcement

A behavioral health enterprise with $425 million in revenue is on the market and potentially at a discount to typical market rates. Wellpath, one of the nation’s largest providers of prison-based and outsourced behavioral health care, is seeking the sale of its behavioral health division, according to bankruptcy documents. The Nashville, Tennessee-based provider hopes its […]

Digital Addiction Market Primed for Consolidation in 2025

M&A in the substance use disorder (SUD) treatment space has been slow over the last few years. However, that could change as a new “business-friendly” presidential administration takes over and interest rates soften. And some industry insiders speculate that digital could be the place to look for M&A activity in 2025. “I imagine we will […]