DTX Big Health expands into youth mental health with Limbix acquisition San Francisco-based Big Health acquired Limbix. Both companies develop and provide digital therapeutics for behavioral health and other health conditions. Digital therapeutics are software patients use for some sort of benefit to their health and are typically proven to be safe and effective through […]
Category: M&A
Behavioral health was not immune from the dip in dealmaking in the first half of 2023. Deals in the behavioral health sector were down 33% in the first half of 2023, according to new data by M&A advisory firm The Braff Group. In the first half of the year, there were 75 behavioral health deals, […]
Dungarvin Inc. has acquired three intellectual and developmental disability (IDD) care entities based in Minnesota and Wisconsin. The Mendota Heights, Minnesota-based IDD services provider announced Thursday that it acquired Bridges MN, Bridges WI and Rumi. Founder and President Blake Elliott and Vice President Bach Parker lead all three companies. The terms of the deal were […]
Applied behavioral analysis provider Autism Behavioral Institute (ABI) has landed revenue-based funding from Decathlon Capital Partners. The terms of the deal were not disclosed, but the provider characterized it as a “significant investment.” The new capital is expected to help ABI expand into new markets and support adding new payer partners. The Charlotte, North Carolina-based […]
Florida-based private equity firm Comvest Partners has acquired mental health and substance use disorder (SUD) provider Your Behavioral Health. The terms of the deal were not disclosed. Your Behavioral Health provides services to adults and teens across 17 locations in Southern California. Its services include psychiatric care, mental health treatment, SUD treatment and sober living. […]
Chicago-based mental health care provider Stella has acquired the majority of ketamine-assisted therapy provider Field Trip Health & Wellness Ltd’s U.S. assets. The deal gives Stella a new line of business which its CEO says complements its existing offerings. Plus, the combined Stella-Field Trip assets will generate higher revenue and lower overhead than Field Trip […]
Private equity-backed Harmony Health Group has acquired three facilities that were formerly part of Delphi Behavioral Health Group’s network. Charlotte, North Carolina-based Harmony Health Group operates 13 treatment centers throughout Florida, North Carolina, Tennessee, New Jersey and Massachusetts. Services at those facilities include treatment for mental health and substance-use disorders (SUDs), as well as dual-diagnosis […]
Outpatient behavioral health provider LifeStance (Nasdaq: LFST) is focusing on a more balanced approach to growth – at least until 2024 – as it moves into its “second chapter.” That’s according to LifeStance CFO David Bourdon. The company will prioritize operational performance, profitable growth and a more tapered approach to deploying capital until 2024. During […]
Private equity firm TPG Capital has made a “significant investment” in mental health and substance use disorder (SUD) provider Banyan Treatment Centers. The terms of the deal were not disclosed. Banyan Treatment Centers has over 20 facilities across Massachusetts, Pennsylvania, Delaware, Illinois, Florida, Texas, California and Alaska. Its services include detox, residential, partial hospitalization, intensive […]
Behavioral health deals in Q1 dropped to the lowest level since 2020. That’s according to a new report by M&A advisory firm Mertz Taggart, which recorded a total of 27 deals in the first quarter of the year. In comparison, the quarterly deal average for 2022 was just over 44 deals. The Mertz Taggart report […]
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