‘You Can’t Stay Like This Forever’: Buyers Becoming More Skittish in Behavioral Health M&A

M&A activity in the behavioral health space has slowed down significantly in recent years, dropping to pre-pandemic levels. The behavioral health industry is not alone in this, Dexter Braff, president of M&A advisory firm The Braff Group, said at Behavioral Health Business’ INVEST conference. External factors, including inflation, staffing shortages, fear of recession and unrest […]

Gen Z Health Provider Caraway Acquires Digital Group Therapy Platform Sesh

New York-based Caraway announced that it has acquired Sesh, a digital group therapy platform, allowing the Gen Z women’s health-focused company to integrate group support and therapy into its offerings. The deal closed earlier this month and will provide another modality of mental health care to Caraway’s portfolio, Caraway CEO and co-founder Lori Evans Bernstein […]

Nonprofit IDD Providers I Am Boundless and Koinonia Announce Merger

Intellectual and developmental disabilities (IDD) providers I Am Boundless and Koinonia have announced their plans to merge. The combined organization will operate under the Boundless brand. The joint company projects that it will surpass $135 million in revenue next year, making it the largest IDD provider in Ohio. “We are so glad that we can […]

WTWH Media Acquires HME Business and Mobility Management, Growing Its Health Care and Life Sciences Offerings

WTWH Media LLC has announced the acquisition of HME Business and Mobility Management from 1105 Media Inc. The two digital B2B media properties are focused on the home medical equipment industry, mobility professionals, and rehabilitation suppliers and clinicians. These two additions build upon WTWH’s presence in the health care sector and further enhance its ability […]

Acadia CEO Breaks Down Future Expansion Opportunities

Acadia (Nasdaq: ACHC) is the country’s largest pure-play behavioral health provider — and it doesn’t plan to lose that title any time soon.  Its ambitious growth strategy includes adding 300 beds per year, but recently, that number has been closer to 400 additional beds. And there is plenty of room to grow across the country, […]

Art of the Behavioral Health Deal: Critical Considerations for Operators Looking to Sell

Behavioral health operators looking to cash in on their businesses must understand both sides of the M&A equation. That partly means figuring out how much their company will be worth moving forward and what goes into the valuation-setting process. It also means understanding the micro- and macro-level forces shaping the industry in the present. Generally, […]

MBF Healthcare Partners-Backed ABA Connect Expands Into Colorado Via M&A

Austin, Texas-based ABA Connect has acquired Colorado Springs, Colorado-based autism provider Bright Behavior LLC. The deal marks ABA Connect’s first operation outside of Texas. Now, the company operates 11 clinics. The Coral Gables, Florida-based private equity firm MBF Healthcare Partners acquired ABA Connect in November 2022. ABA Connect was founded in 2013.   “Not only does […]

Thurston-Backed ARC Health Picks Up Pediatric-Focused Dayspring Behavioral Health

Thurston Group-backed behavioral health provider ARC Health has acquired Dayspring Behavioral Health. This new purchase is part of ARC Health’s larger, ambitious M&A strategy. Since the company’s inception in 2021, it has closed more than a dozen acquisitions. Dayspring Behavioral Health brings four locations in the Seattle Metro area to the table. The practice, which […]

Health Connect America Continues M&A Spree; State Buys Ex-Acadia Healthcare Facility

PE-backed Health Connect America acquires Specialized Youth Services of Virginia Health Connect America Inc., a Palladium Equity Partners-backed platform, continues its behavioral health M&A expansion efforts with its sixth add-on investment since August 2021. At that time, New York City-based Palladium acquired Franklin, Tennessee-based Health Connect America from Harren Equity Partners. Its latest target, Petersburg-based […]

SUD Provider Praesum Healthcare Services Sets Sights on PE Partner After Completing Its First Acquisition

Substance use disorder (SUD) provider Praesum Healthcare Services announced its first acquisition, but it hinted that this is only the beginning for the company. Until this point, Praesum has focused its expansion efforts almost exclusively on de novo growth. But its entry into the M&A field signals a change in strategy from the Lake Worth […]