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 […]
Category: Finance
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 […]
As the behavioral health industry matures, a few trends have emerged: more serial entrepreneurs, an uptick in non-traditional investors, and valuations finally settling in. Investors have poured $10.6 billion into expansion-stage mental health and wellness (MHW) companies since 2020, according to a new report from Deloitte. While deal sizes and volumes have declined since their […]
Mental health and well-being provider Kyan Health announced $16.7 million in funding on Tuesday, including a previously unannounced $4 million seed round and a $12.7 million Series A round. Kyan Health will use the funds to expand globally, including in the U.S., beginning in 2026. The company also plans to enhance its AI-powered platform and […]
Kelly (Nasdaq: KELYA, KELYB), a workforce solutions provider, acquired childhood therapeutics company Children’s Therapy Center (CTC). The acquisition expands Kelly’s clinical services in what the company called a “high-margin, high-demand” sector. “The demand for services has been going on for years, actually, and certainly well before the pandemic, when you think about the increase of […]
The ongoing need for behavioral health services will be no surprise to anyone involved in the industry. Patients continue to have high rates of need and often present with greater acuity. This demand for behavioral health services was reflected across payers’ Q3 earnings calls. The result? Sky-high utilization levels. For example, David Cordani, the CEO […]
Virtual pediatric behavioral health provider Fort Health is executing its partner-first, expand-after strategy, securing a round of funding while landing a new payer partnership. The New York City-based provider raised a $5.5 million round led by venture capital firms Twelve Below and Vanterra, Fort Health exclusively told Behavioral Health Business. The funds will be used […]
Autism therapy provider Helping Hands Family has acquired fellow services provider Mission Autism Clinics. King Of Prussia, Pennsylvania-based Helping Hands Family’s takeover of Mission Autism Clinics adds 13 centers to its existing presence in Maryland and Pennsylvania. Helping Hands Family also operates centers in Connecticut, New Jersey and New York. “Merging with Mission Autism Clinics […]
James Bailey, a veteran behavioral health executive, saw his son enter a mental health facility in 2023. A little more than a year later, Bailey acquired the company that helped his son recover. On Thursday, Bailey’s company, Paramount Health Management, announced its acquisition of St. George, Utah-based Life Launch Centers and its four facilities in […]
The number of joint venture partnerships between hospitals and behavioral health care providers will continue to climb, despite the lumbering process of finalizing such a pairing. “I do think there’s been some challenges in the last year or two that have maybe slowed deals down a shade,” William Teague, managing director of VMG Health, said […]