Behavioral health services provider Oceans Healthcare has launched a new capital partnership with Webster Equity Partners to accelerate its growth even further. Headquartered in Plano, Texas, the company operates 33 locations in Texas, Louisiana and Mississippi, which includes 23 inpatient hospital campuses and 20 intensive outpatient programs. Founded in 2004, Oceans initially targeted services to […]
Houlihan Lokey
The momentum of the merger and acquisition space in behavioral health will likely spill over into the first half of 2022 as dealmaking in the industry reaches new highs. However, next year will likely see deal multiples “stabilize a little bit” as private equity continues to look for platform deals that more heavily emphasize clinical […]
Amwell acquires two virtual health care companies After hinting last year at its intentions of acquiring a behavioral health startup, Amwell (NYSE: AMWL) has acquired two virtual care providers, one of which specializes in mental health. The Boston-based telehealth company announced that it has purchased SilverCloud Health and Conversa Health for a combined $320 million. […]
After months of coronavirus-related deal delays, mergers and acquisitions have finally started to pick back up in the behavioral health industry. In fact, Q3 was marked by 26 deals, two more than the industry saw a year earlier in Q3 2019, according to the M&A firm Mertz Taggart. And things will only continue to go […]