In many ways, the behavioral health world is divided into two camps: for-profit and nonprofit providers. But as the industry matures and consolidates, the two are likely to interact more often – and they could even learn from each other. Moving forward, there is potential for more M&A opportunities between the two groups, with nonprofits […]
Behavioral health M&A will likely be down in 2023 compared to a string of red-hot years that peaked in 2021. That’s not necessarily a bad thing, some believe. The industry is on the downswing of a dealmaking cycle that includes booms and cooling periods. Still, the interest in behavioral health by investors and strategic acquirers […]
Investors project that behavioral health will have the most investment of any medical specialty over the next 12 to 24 months. That’s according to new data from KPMG’s 2023 Healthcare and Life Sciences Investment Outlook. Specifically, 20% of survey respondents said that behavioral health was the medical specialty most likely for investment, with another 19% […]
Nonprofit behavioral health provider Sheppard Pratt and private equity firm Concord Health Partners have stepped up their years-long partnership focused on solving major behavioral health industry challenges. The two organizations seek to bring legacy nonprofit knowledge and PE investment savvy together in a new behavioral health-focused innovation and investment fund. The partnership will focus on […]
Increased venture capital activity in the mental health space helped drive deal volume growth in the behavioral health space in 2022, according to the latest report from the health care M&A firm Mertz Taggart. The firm tracked 177 deals, about 9% more than 2021’s blockbuster year. 2021 saw a year-over-year increase of 46% to 162 […]
King of Prussia, Pennsylvania-based Recovery Centers of America has acquired the mental health and addiction treatment provider Adolescent & Young Adult Advocates. Recovery Centers of America said the acquisition will help the company address early-stage addiction in outpatient settings. The terms of the deal were not disclosed. Adolescent & Young Adult Advocates is based in […]
LifeStance (Nasdaq: LFST) is pulling back from its expansion efforts as it refocuses its goal on long-term profitability. The sizable behavioral health provider plans to do this by consolidating brick-and-mortar facilities, cutting payer contracts by 25% and pulling back on its M&A strategy, instead opting for more organic growth. The company has its sights set […]
Private equity firm Patriot Capital has announced a growth capital partnership with behavioral health provider Turnwell Mental Health Network. Dallas, Texas-based Turnwell is an integrated mental health group that provides behavioral health care to individuals with mental health disorders. It is specifically focused on serving patients in underserved markets. It operates “multiple” freestanding outpatient clinics […]
UpHealth (NYSE: UPH) recently announced the sale of its pharmacy business in order to fuel its behavioral health and integrated care programs. The Delray Beach, Florida-based company plans to sell its pharmacy assets, Innovation Group Inc (IGI), to Belmar Pharma Solutions for roughly $56 million. The new funds are expected to help the company focus […]
Private equity-backed behavioral health provider Health Connect America announced Wednesday the acquisition of First Home Care and North Star Counseling of Central Florida. Financial terms of the transaction were not disclosed. This news marks Health Connect America’s fifth acquisition since PE firm Palladium Equity Partner bought the company in 2021. The purchases are set to […]
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