Rising interest rates, high labor costs, and conflict in Eastern Europe have led to a shaky start to behavioral health dealmaking in 2023. That’s according to a new report by M&A advisory firm The Braff Group, which found the annualized results for behavioral health dealmaking are down by more than 26% from 2022. Still, compared […]
ARC Health continues its blistering dealmaking spree with the acquisitions of Los Angeles-based Silver Lake Psychology and Denver Wellness Associates. The two deals mark the fifth and sixth acquisitions of the private-equity-backed mental health platform company in 2023 alone. Silver Lake Psychology is the largest firm acquired so far and indicates a focus on larger […]
Vertava Health sold three of its four residential addiction treatment centers as part of a scale-back and pivot strategy. The Nashville-based mental health and addiction treatment company sold the facilities to Fort Lauderdale, Florida-based Regard Recovery in a deal that closed at the end of 2022. Terms of the deal were not disclosed. The move […]
Private equity investment in behavioral health continued to plummet in the first quarter of 2023. In Q1, there were 13 private equity deals across mental health, substance use disorder, IDD care, ABA and pediatric therapy, according to new data from PitchBook. In contrast, the total private equity deal count in 2022 was 73, an average […]
Joint ventures are leading behavioral health provider Acadia Healthcare’s (Nasdaq: ACHC) growth strategy. On Tuesday at the BofA Securities 2023 Healthcare Conference, Acadia CEO Christopher Hunter revealed that roughly 50% of his company’s projected 670-bed additions this year are in the acute care setting, with the bulk of those additions driven by joint ventures. JVs […]
Beachwood, Ohio-based ARC Health announced Monday its acquisition of Positive Change Counseling Center, marking its first practice in California. The deal is the company’s fourth announced in 2023. ARC Health is a fast-growing outpatient mental health platform company backed by Chicago-based private equity firm the Thurston Group. Terms of the deal were not disclosed. “Practice […]
Private equity firm Graham Family Office has merged with outpatient behavioral health provider Quince Orchard Psychotherapy. The terms of the deal were not disclosed. Founded in 2015, the provider offers counseling, cognitive behavioral therapy, psychological assessments, play therapy, teletherapy, virtual group therapy and medication management. It cares for adults, adolescents, children, couples and families. Last […]
Cortica Inc. has secured $75 million of investment and acquired two companies, expanding its footprint across the U.S. The San Diego-based whole-child pediatric autism and neurodevelopment care provider now operates 23 centers following its acquisition of Trumbull, Connecticut-based Springtide Child Development and Scottsdale, Arizona-based Melmed Center. “What’s happened is a recognition that the future of […]
Addiction treatment provider Pinnacle Treatment Centers has acquired four outpatient opioid addiction treatment centers from King of Prussia, Pennsylvania-based Recovery Centers of America. Mt. Laurel, New Jersey-based Pinnacle Treatment Centers continues to grow via M&A and de novo openings. Three of the four newly acquired centers operate in New Jersey — in Trenton, Somerdale and […]
Private equity-backed ARC Health has acquired Chicago-based Wellington Counseling Group. ARC Health announced the deal Monday, adding two multi-specialty psychotherapy locations and a to-be-opened location to the burgeoning company’s footprint. “The choice to partner with ARC Health came down to their ability to bring scale to a profession and industry with increasingly tighter margins, year […]
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