Almost a year after New Directions Behavioral Health and Tridiuum announced their merger, the pair have launched a new joint company dubbed Lucet. Lucet works with payers to help their members connect with behavioral health care in less than five days. Its tech-backed product, Navigate & Connect, includes a digital platform and a team of […]
Category: M&A
Industry pressures could make the behavioral health industry ripe for consolidation, especially smaller tuck-in deals. That’s according to Pitchbook’s new report on the J.P. Morgan Conference. Despite the growing demand for behavioral health services, digital mental health companies have seen a steep valuation drop over the last year. “Provider shortages, customer acquisition costs, and employer […]
Muir Wood LLC, a youth behavioral health provider, has secured investment from the private equity firm Avesi Partners. The Petaluma, California-based provider will use the investment to add new locations and new services. The amount of the investment was not disclosed. It’s also unclear whether or not Avesi Partners has wholly acquired Muir Wood. Stamford, […]
Pediatric behavioral health provider The Stepping Stones Group has announced its purchase of in-school speech therapy company Catalyst Speech Language Pathology. Catalyst Speech provides services to more than 20 school districts in California. The Los Angeles-based provider was founded by Ji Kim in 2015. Following this acquisition, Kim will continue to lead Catalyst Speech as […]
Integrative Life Network has acquired Taos, New Mexico-based addiction treatment provider Shadow Mountain Recovery Centers. The terms of the deal were not disclosed. Nashville, Tennessee-based Integrative Life Network gains a new state market through the deal. It also extends its “evidence-based trauma-resolution modalities” to Shadow Mountain Recovery Centers’ patients. Shadow Mountain Recovery Centers operates in […]
Dealmaking has made behavioral health one of the most interesting segments of the health care sector. And 2022 was no exception even after a historic 2021. Behavioral Health Business has identified a handful of deals that caught our eye as we look back at the year that was 2022. Not all of them are big-dollar […]
Middle-market private equity firm MBF Healthcare Partners (MBF) on Wednesday announced its acquisition of autism provider Austin Connect to Wellness. Founded in 2013, the Texas-based provider offers applied behavior analysis (ABA), social skills groups and autism diagnostic assessments to children and teens with autism spectrum disorder. It also offers parent support groups and caregiver training. […]
The need for behavioral health services is at an all-time high – and private equity investors have taken note. In the first three quarters of 2022, private equity deals made up more than 60% of behavioral health transactions, according to data from The Braff Group. Many investors see the fragmented behavioral health industry as a […]
Behavioral health-focused virtual reality companies BehaVR and OxfordVR have merged, the pair announced Tuesday. The joint company will operate under the BehaVR name. The deal was supported by a $13 million Series B funding round led by Optum Ventures and Oxford Science Enterprises. Accenture Ventures, Confluent Health, Chrysalis Ventures and Thornton Capital also participated. Both […]
Teen and young adult behavioral health provider Newport Healthcare has announced the acquisition of pediatric mental health provider PrairieCare. The terms of the deal were not disclosed. PrairieCare brings to the deal nine locations in Minnesota. Its services include mental health screenings, clinic services, an inpatient psychiatric hospital, intensive outpatient programs (IOPs), partial hospitalization programs […]
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